Senior Ceded Re Claims Anaylst

CNA Chicago, IL

Company

CNA

Location

Chicago, IL

Type

Full Time

Job Description

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.
For a detailed look at CNA's benefits, check out our Candidate Guide .
Under broad supervision, investigates, analyzes, and processes ceded reinsurance claims. Works within specific limits of authority. Utilizing policies and guidelines, reviews treaties, determines liability and compensability, secures information, determines amount due company, notifies reinsurer, and pursues outstanding ceded balances in accordance with applicable reinsurance contract terms and conditions.
JOB DESCRIPTION:
Essential Duties & Responsibilities
1.Performs a combination of duties in accordance with departmental guidelines:
2.Identifies claims eligible for reinsurance through analysis of direct claims activities, monitoring large loss notices, and interfacing with direct claims areas.
3.Works on ceded reinsurance claims under Treaties and/or Facultative certificates for recovery of outstanding ceded balances due the company.
4.Researches, interprets and analyzes specific facts and applies insurance and reinsurance concepts to understand coverage and liability issues.
5.Pursues recovery of the balances of reinsurance claims/accounts by influencing reinsurer, explaining coverage and liabilities and gaining support for position.
6.Monitors aging of outstanding ceded balances and initiates action to ensure payment on timely basis.
1. May make recommendations on ceded reinsurance claims policy and processes.2. May provide guidance and assistance to less experienced ceded reinsurance claims staff and other functional areas.
Reporting Relationship
Manager or above
Skills, Knowledge and Abilities
1. Knowledge of insurance and claims principles, practices and procedures.
2. Good interpersonal and communication skills. Ability to effectively interact with all levels of CNA's internal and external business partners.
3. Ability to work independently.
4. Good analytical and problem solving skills.
5. Ability to exercise independent judgement and effectively resolve ceded reinsurance issues.
6. Knowledge of Microsoft Office Suite as well as other business-related software.
Education and Experience
1. Bachelor's degree or equivalent experience. Some related course work towards professional designation desirable.2. Typically a minimum one to two years claims experience.
CNA is committed to providing reasonable accommodations to qualified individuals with disabilities in the recruitment process. To request an accommodation, please contact [email protected] .

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Date Posted

12/03/2024

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