Senior Reinsurance Premium and 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's Guide .
Job Summary
The Senior Reinsurance Premium and Claims Analyst position is part of CNA's Corporate Reinsurance organization and is specifically situated within the Facultative Premium and Claims Team.
The ideal candidate will exhibit strong data management, Microsoft excel, and financial reconciliation skills in order manage complex premium invoices, ensure contract accuracy, and interpret reinsurance contract and coverage language. This role partners with external markets and internal business partners to pay and reconcile outstanding premium balances and resolve challenging inquiries. Knowledge of direct insurance, reinsurance contracts, reinsurance claims, and industry standards is a plus.
JOB DESCRIPTION:
Essential Duties & Responsibilities
Performs a combination of duties in accordance with departmental guidelines:

• Creates/reconciles premium invoices and loss bordereaux, ensuring proper application of contract guidelines and accuracy through collaboration and report monitoring. Prepares premium disbursements.
• Verifies contract set up and accuracy in our subledger, completes analysis of contract errors, and 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 specific facts and applies insurance and reinsurance concepts to understand coverage and liability issues. May prepares clear and concise status reports to the market and manages inquiries as needed.
• Monitors errors and aging of outstanding reinsurance balances. Initiates corrective action with business partners to ensure payment is made/received 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 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
1. Solid technical and area specific expertise and knowledge of reinsurance products and services and claims principles, practices and procedures.
2. Strong interpersonal and communication skills. Ability to effectively interact with all levels of CNA's internal and external business partners.
3. Strong analytical and problem solving skills.
4. Ability to deal with ambiguous situations and issues.
5. Ability to exercise independent judgment and effectively resolve reinsurance issues.
6. Knowledge of Microsoft Office Suite and other business-related software.
Education & Experience

• Bachelor's degree in Business or Accounting preferred or equivalent experience.
• Typically a minimum of three to five years of claims, accounting or reinsurance experience.
• Applicable professional designations, or related coursework preferred.

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