Senior Reinsurance Claims Analyst
Locations: Chicago, IL, USA
Time Type: Full time
Posted on: Posted 2 Days Ago
Job Requisition ID: R-4625
You have a clear vision of where your career can go. And we have the leadership to help you get there. At CNA, we strive to create a culture in which people know they matter and are part of something important, ensuring the abilities of all employees are used to their fullest potential.
CNA seeks to offer a comprehensive and competitive benefits package to our employees that helps them — and their family members — achieve their physical, financial, emotional and social wellbeing goals.
JOB DESCRIPTION:
Essential Duties & Responsibilities
- Creates Premium invoices and Loss bordereau’s, ensuring proper application of contract guidelines and accuracy through collaboration and report monitoring. Prepares premium disbursements.
- Verifies reinsurance eligibility based on contractual requirements, analysis of direct claims activities, monitoring large loss notices, and interfacing with direct claims areas, Underwriting, Reinsurance Placements or various other internal business.
- Researches, interprets and analyzes specific facts and applies insurance and reinsurance concepts to understand coverage and liability issues. Prepares clear and concise status reports to the market and manages inquiries as needed.
- Pursues recovery of balances for reinsurance claims/accounts by explaining coverage and liabilities.
- Monitors errors and aging of outstanding reinsurance balances. Initiates corrective action with business partners to ensure payment is received or completed in accordance with contract guidelines and departmental metrics.
- Makes recommendations for process improvements considering all aspects of the job along with internal guidelines, compliance and industry standards.
- Provides guidance and assistance to less experienced reinsurance claims staff and other functional areas.
- Analyzes data, prepares and presents reports to management with recommendations.
- May be responsible for special projects and presentations.
- May perform additional duties as assigned.
Reporting Relationship: Manager or above.
Skills, Knowledge & Abilities:
- Solid technical and area specific expertise and knowledge of reinsurance products and services and claims principles, practices and procedures.
- Strong interpersonal and communication skills. Ability to effectively interact with all levels of CNA's internal and external business partners.
- Strong analytical and problem solving skills.
- Ability to deal with ambiguous situations and issues.
- Ability to exercise independent judgement and effectively resolve reinsurance issues.
- Knowledge of Microsoft Office Suite and other business-related software.
Education & Experience:
Bachelor's degree or equivalent experience. Typically a minimum of three to five years of claims, accounting or reinsurance experience. Applicable professional designations, or related coursework preferred.
CNA is committed to providing reasonable accommodations to qualified individuals with disabilities in the recruitment process. To request an accommodation, please contact
About Us
At CNA, we are focused on success, individually and collectively. We pride ourselves on promoting a culture that challenges and engages people. We strive to connect people, departments and business areas, to function as a team, and to serve our customers and communities with professionalism and respect.
Our dedication to employee engagement, continuous learning and the open exchange of ideas is the cornerstone of our business. These ideals, combined with our focus on the customer, enable us to explore new market opportunities and build on our success.
Our values, culture and financial strength are what differentiates us from other employers and make CNA the place you want to work.
Diversity, Equity & Inclusion
CNA is committed to fostering a diverse and inclusive culture grounded in equity that supports our organization, clients, and communities by prioritizing talent and programs that represent our current environment and empower all employees and partners to be active allies and advocates for equality.
Corporate Social Responsibility
At CNA, we have a long standing commitment to the diverse communities in which we live and work. We actively make a difference for the greater good through partnerships, sustainability, initiatives, and working together for a better tomorrow.
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