Zurich North America is hiring a Reinsurance Claims Associate to join their team in Schaumburg, IL. The role involves analyzing reinsurance claims and contracts, managing notifications, and coordinating with various stakeholders to ensure accurate responses to inquiries.
Responsibilities
- Responsible for analyzing reinsurance claims and contracts of varying complexity and all lines of business to identify applicable reinsurance coverage and contractual notice requirements; manages the reinsurance notification and inquiry responses of reinsured claims
- Analyze reinsurance contracts and claims for reinsurance notification purposes
- Identify and code reinsurance
- Collaborate with claim handlers and the Business Units to prepare reinsurance notifications for reinsurers and brokers
- Provide support in updating reinsurance notification and inquiry systems and electronic databases
- Respond to and manages reinsurance inquiries within department standards
- Ensure prompt and accurate response to reinsurance inquiries in order expedite collection of reinsurance recoverable
- Proactively identify reinsurance notification issues, coordinate resolution, and take appropriate corrective action
- Coordinate, review, or monitor outsourced reinsurance claim notification and/or inquiry processes
- Assist in the monthly and quarterly review of the work performed by the team
- Propose department metrics for the tasks performed by the team
Skills
- Bachelors Degree and 1 or more years of experience in the Insurance area
- High School Diploma or Equivalent and 3 or more years of experience in the Insurance area
- Zurich Certified Insurance Apprentice including an Associate Degree and 1 or more years of experience in the Insurance area
- Extended Hours during Peak Periods, as required
- Pass Applicable Exam/Licensing, as required
- Regular Predictable Attendance
- Knowledge of reinsurance
- Microsoft Office experience
- Strong verbal and written communication skills
Benefits
- Competitive pay
- Comprehensive benefits for employees and their families
- Short-term incentive bonus eligibility set at 10%
Company Overview
- Zurich American Insurance is an international commercial property-casualty insurance provider. It is a sub-organization of Zurich Insurance Group. It was founded in 2016, and is headquartered in Schaumburg, Illinois, USA, with a workforce of 5001-10000 employees. Its website is https://www.zurichna.com.