Collection Focused: · Lead end‑to‑end reinsurance recoverable collections, including direct outreach to reinsurers and brokers, and management of ongoing and targeted collection efforts. · Analyze, resolve, and appropriately escalate complex collection issues, disputes, and contract interpretations. · Review and respond to reinsurer and broker correspondence, providing substantive analysis of claims activity and reinsurance issues. · Partner closely with Claims to ensure accurate and timely reinsurance reporting in compliance with contractual obligations. · Collaborate with Billing and Finance teams to investigate and resolve billing discrepancies and reconcile aging balances. · Ensure accuracy, integrity, and completeness of reinsurance records in compliance with internal controls and audit requirements. · Support reinsurance initiatives such as commutations, novations, portfolio consolidations, system migrations, and audit or legal inquiries as needed.
Billing Focused: · Independently calculate, prepare, and issue ceded reinsurance billings in a timely, accurate, and efficient manner. · Record billing activity and related financial transactions in the accounting system in compliance with established accounting standards and internal controls. · Partner with collections to investigate and respond to reinsurer and broker inquiries related to billings, balances, and discrepancies. · Proactively research, analyze, and resolve complex and/or historic open balance transactions with reinsurers and brokers. · Maintain detailed documentation, diary systems, and audit trails supporting billings, ledger entries, and reconciliations. · Assist with cash application activities and clearing aging balances on reinsurance ledgers. · Support internal and external audits by preparing schedules, documentation, and responding to auditor inquiries. · Collaborate with leadership to identify inefficiencies and support enhancements to billing, collection, and reconciliation processes. · Ensure all work is completed in accordance with established protocols, procedures, and internal control requirements.
Related Functions: · Provide strategic support to reinsurance counsel in connection with pending arbitrations, mediations, and litigation, including analysis of reinsurance contracts, claims activity, and financial exposure. · Serve as a knowledgeable resource for internal audit inquiries and reviews, including preparation of documentation, explanation of processes and controls, and coordination of responses to audit findings or recommendations. Required Skills
· Strong understanding of reinsurance concepts, contract language, and recoverability issues. · Strong written and verbal communication skills, with the ability to negotiate effectively and build productive relationships with reinsurers, brokers, and internal stakeholders. · Solid understanding of reinsurance principles, structures, and related contract language, with the ability to apply terms to billing analysis, recoverability and collection matters. · Deep understanding of underlying insurance claims, including coverage interpretation and allocation analysis, particularly for long‑tail exposures such as asbestos, pollution, and other legacy claims. · Proven ability to analyze and resolve reinsurance and collection issues, exercising sound judgment and independent decision‑making. · Ability to work independently with minimal supervision in a deadline‑driven environment. · Strong organizational and time‑management skills, with the ability to prioritize competing demands, manage multiple assignments simultaneously, and consistently meet established deadlines. · Proficiency with standard business applications, including Microsoft Excel, Word, and Outlook. · High level of competency working with reinsurance systems and data to support collections, reporting, and analysis. |