Ceded Reinsurance Claims Analyst

CNA; Chicago (IL); On-site; USD 47,000 - 78,000; Full time

Benefits offered by this job

Hybrid work model

Comprehensive benefits

Job summary

CNA in Chicago seeks a Ceded Reinsurance Claims Analyst to support the Treaty Administration Team, analyzing and reconciling ceded premium data across multiple systems, and ensuring timely payments.

You will rely on strong Excel and accounting skills to manage balances, assist with SOX compliance, and collaborate with reinsurers and internal partners to resolve issues.

Qualifications

• Bachelor's degree in accounting or finance preferred.
• Typically a minimum one to two years in accounting or insurance experience.
• Reinsurance experience a plus.

Responsibilities

• Works on ceded reinsurance premiums under treaties for payment of outstanding ceded payables due reinsurer markets.
• Researches, interprets and analyzes facts applying insurance and reinsurance concepts.
• Assists with the recovery of balances of reinsurance treaty accounts by communicating with reinsurer/brokers for payment.
• Assists with monitoring errors and aging of outstanding reinsurance balances.
• Supports treaty team with clearing sub-ledger payable and receivable balances.
• Completes quarterly SOX requirements on all treaty program process flows.
• Assists with claim audit preparation as required by internal audit guidelines.

Skills

Data management

Microsoft Excel

Financial reconciliation

Accounting

Interpersonal skills

Communication skills

Analytical thinking

Problem solving

Independence

Microsoft Office Suite

Education

Bachelor's degree in accounting or finance

Tools

Microsoft Excel

Microsoft Office Suite

Job description

## Ceded Reinsurance Claims AnalystApplylocations: Chicago, IL, USAtime type: Full timeposted on: Posted Todayjob requisition id: R-7833You 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. The Ceded Reinsurance Claims Analyst position is part of our Corporate Reinsurance organization, CNA’s reinsurance operations group, specifically situated within the Treaty Administration Team. Under broad supervision, analyzes, reconciles, pays premium and compiles bordereaux under a variety of reinsurance treaties that relate to various underlying books of insurance policies. These treaties pull data from several underwriting and accounting systems, for which the candidate needs solid data management, Microsoft Excel, financial reconciliation, and/or accounting skills. Reconciles and processes reinsurance premium.**JOB DESCRIPTION:****Essential Duties & Responsibilities***Performs a combination of duties in accordance with departmental guidelines:** Works on ceded reinsurance premiums under treaties for payment of outstanding ceded payables due reinsurer markets.* Researches, interprets and analyzes specific facts and applies insurance and reinsurance concepts to understand coverage and liability issues.* Assists with the recovery of the balances of reinsurance treaty accounts by communicating with reinsurer/brokers for payment.* Assists with monitoring errors and aging of outstanding reinsurance balances. Recommends corrective action with internal business partners to resolve anomalies.* Supports treaty team with clearing sub-ledger payable and receivable balances.* Contributes to making recommendations for process improvements on reinsurance treaty accounts.* Completes quarterly SOX requirements on all treaty program process flows.* Assists with claim audit preparation as required by internal audit guidelines.* Monitors activity in multiple reinsurance e-mail boxes to ensure prompt response times to internal and external partners* Analyzes data, prepares, and presents reports to management*May perform additional duties as assigned.***Reporting Relationship**Manager or above**Skills, Knowledge & Abilities*** Knowledge of insurance/reinsurance accounting principles, practices and procedures.* Good interpersonal and communication skills. Ability to effectively interact with all levels of CNA's internal and external business partners.* Ability to work independently.* Good analytical and problem solving skills.* Ability to exercise independent judgement and effectively resolve reinsurance issues.* Knowledge of Microsoft Office Suite as well as other business-related software.**Education & Experience*** Bachelor's degree in accounting or finance preferred.* Typically a minimum one to two years in accounting or insurance experience.* Reinsurance experience a plus.#LI-MR1#LI-Hybrid*In certain jurisdictions, CNA is legally required to include a reasonable estimate of the compensation for this role. In District of Columbia, California, Colorado, Connecticut,* *Illinois*, *Maryland,* *Massachusetts*, *New York and Washington,* t*he national base pay range for this job level is $47,000 to $78,000 annually. Salary determinations are based on various factors, including but not limited to, relevant work experience, skills, certifications and location. CNA offers a comprehensive and competitive benefits package to help our employees – and their family members – achieve their physical, financial, emotional and social wellbeing goals. For a detailed look at CNA’s benefits, please visit cnabenefits.com.*