Full-Time

Reinsurance Claims Analyst

Posted on 12/13/2024

ICW Group

ICW Group

1,001-5,000 employees

Compensation Overview

$74.9k - $126.4k/yr

+ Bonus

Mid

Remote in USA

Category
Insurance
Finance & Banking
Required Skills
Word/Pages/Docs
Data Analysis
Excel/Numbers/Sheets
Requirements
  • Bachelor’s degree from four-year college or university required. Additional experience may be considered in lieu of degree.
  • Minimum 2 years of experience in Reinsurance required.
  • Excellent verbal and written communication skills, time management and organizational skills.
  • Requires a high level of attention to detail.
  • Must have a sense of urgency for execution.
  • Ability to work independently in deriving solutions to new business problems. Comfortable and competent in client interaction settings.
  • Ability to take ownership of Claims analyses.
  • Ability to grasp analytic concepts and learn new tools and logic within established processes.
  • Computer skills and knowledge of Microsoft Office, specifically Word and Excel. Knowledge of TIRS preferred.
Responsibilities
  • Manages and oversees Assumed Accounts involving claim and account level issues.
  • Analyzes and processes reinsurance claims in accordance with company policies and regulatory requirements.
  • Conducts day-to-day assessment of company's reinsurance claims and validates them for payment.
  • Prepares and maintains accurate records of claims activity and findings in the claims management system.
  • Ensures that all Assumed Reinsurance claims/payments (including Legacy) are processed in TIRS.
  • Evaluates claim submissions for accuracy and completeness, ensuring compliance with contractual agreements.
  • Develops relationships and collaborates with internal teams and external stakeholders, including reinsurers, brokers, and clients, to gather necessary documentation.
  • Provides input into the development and implementation of best practices for claims handling and reporting.
  • Supports senior claims staff in managing claims files and documentation.
  • Provides insights and recommendations based on claim trends and analyses to improve processes.
  • Creates and prepares reports for management, summarizing claim activity and highlighting significant issues.
  • Maintains accurate data of payments, reserves, scanned documents, new mail, etc.
  • Analyzes and produces reports highlighting large losses, coverage, and critical issues for review.
  • Alerts Management of significant loss development activity.
  • Actively participates in department-wide projects as required.
  • Shares information and analyses with Senior Management to determine potential impact on initiatives.
Desired Qualifications
  • Reinsurance designation preferred.

Company Size

1,001-5,000

Company Stage

N/A

Total Funding

N/A

Headquarters

Round Rock, Texas

Founded

1972

Simplify Jobs

Simplify's Take

What believers are saying

  • Mark Moitoso's leadership aims to drive strategic growth and superior customer experience.
  • Partnerships with InsurTech firms can enhance ICW Group's product personalization.
  • ICW Group's focus on ESG factors can attract environmentally conscious clients.

What critics are saying

  • New York's saturated market poses challenges to ICW Group's expansion plans.
  • Regulatory compliance for new products may impact ICW Group's operational efficiency.
  • Strategic shifts under new leadership could disrupt existing customer relationships.

What makes ICW Group unique

  • ICW Group's expansion to New York offers a strategic growth opportunity.
  • The addition of Surety Bonds and Guarantees diversifies ICW Group's insurance portfolio.
  • ICW Group's recognition in Ward's 50 highlights its strong performance in the industry.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Retirement Plan

401(k) Company Match

Performance Bonus

Paid Vacation

Paid Holidays

Professional Development Budget

Company News

PRWeb
Jan 27th, 2025
Mark Moitoso Joins Icw Group Insurance Companies As President

"Mark's vast experience and proven track record in delivering superior results made him an ideal choice to guide ICW Group to achieve our strategic growth initiatives while continuing to create the best insurance experience possible for our customers and agent partners," said Kevin Prior, CEO

PRWeb
Dec 5th, 2024
Icw Group Teams Up With Promises2Kids To Launch Change4Change Donation Program

"Even the smallest of contributions can help provide essential programs to the more than 2,000 foster children that Promises2Kids supports," said Paul Zamora, Chief Underwriting Officer at ICW Group and Board of Directors Chair for Promises2Kids

Coverage
Jun 2nd, 2024
Icw Group Insurance Companies Expands To New York

ICW Group <i class="fa fa-info-circle company-popover" data-content="h3ICW Group/h3. div. table

PRWeb
May 7th, 2024
Icw Group Insurance Companies Expands Coverage To New York

"We bring an established work comp product accompanied with top-tier value-added services to the region, and we look forward to creating the best insurance experience possible in New York," said Paul Zamora, ICW Group's Chief Underwriting Officer

PRWeb
Mar 14th, 2024
Paul Zamora Named Chief Underwriting Officer of ICW Group

SAN DIEGO, March 14, 2024 /PRNewswire-PRWeb/ - ICW Group Insurance Companies promotes Paul Zamora to Chief Underwriting Officer, charged with leading the company's property and casualty multi-line underwriting strategy and business expansion.

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