Senior Reinsurance Claims Analyst

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 .
CNA Insurance is seeking a Senior Reinsurance Claims Analyst to join our Corporate Reinsurance organization on the Treaty team that handles treaty premium and claims administration. This position provides the opportunity to expand your network and knowledge by collaborating with multiple teams across the enterprise, such as Corporate Accounting, Actuary, Claims, Treaty Placements and Treaty Validation.
In this role you will investigate and compose summaries for detailed individual claim reports and administration to reinsurers. You will compile claim and premium reports, and pay premium under a variety of reinsurance treaties that relate to various underlying books of insurance policies. These treaties pull complex data from several underwriting and accounting systems giving you the opportunity to leverage your analytical skills and experience in areas such as data management, Microsoft excel, financial reconciliation, and/or accounting. You will also reconcile and process reinsurance premium and claim calculations.
This position offers a hybrid work schedule determined by the needs of the business that typically consists of two days per week in our Chicago office, with the option to work the remainder of your week remotely.
JOB DESCRIPTION:
Essential Duties & Responsibilities
Performs a combination of duties in accordance with departmental guidelines:

• Creates premium invoices and loss bordereau, ensuring proper application of contract guidelines and accuracy through collaboration and report monitoring. Prepares premium disbursements.
• Verifies reinsurance eligibility based on contractual requirements, completes analysis of direct claims activities, monitors large loss notices, performs premium and claim calculations (manual and automated) for accurate financial reporting while interfacing with the direct claims areas, Underwriting, Reinsurance Placements or various other internal business partners.
• Researches, interprets and analyzes 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.
• Completes appropriate compliance functions to ensure the ethical and financial integrity of transactions. Participates in audits and assists in providing documents and explanation as necessary.
• 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.
• Ability to effectively interact with all levels of CNA's internal and external business partners. Strong interpersonal and communication skills.
• 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 in Business, Accounting, Finance or related field or equivalent experience.
• Typically a minimum of three to five years of claims, accounting or insurance experience. Reinsurance experience a plus, but not required.
• Solid experience with Microsoft excel.

#LI-MR1
#LI-Hybrid
CNA is committed to providing reasonable accommodations to qualified individuals with disabilities in the recruitment process. To request an accommodation, please contact [email protected] .