Reinsurance Claim Specialist

Chubb; Philadelphia (Philadelphia County); On-site; USD 65,000 - 90,000; Full time

Job summary

Chubb in the United States is seeking a Ceded Claims Analyst responsible for day-to-day reinsurance claim operations in North America, focusing on proof billing and timely collections to maximize cash flow.

You will ensure timely reporting in line with contract terms, verify billings, track open ceded loss recoverable balances, and report status. You will support monthly close, manage SOX testing, and interact with brokers and reinsurers.

Qualifications

• Strong writing and verbal communication skills.
• Strong aptitude for math.
• Proficient in Microsoft Office applications.
• Ability to collaborate with other units within the department and with partners.

Responsibilities

• Ensure claims are reported timely and in accordance with reinsurance contract terms.
• Verify billings are completed timely and accurately.
• Track, monitor and collect open ceded loss recoverable balances.
• Report accurate status of billings and collections as required.
• Manage SOX functions and audit testing (Internal/External).
• Support Chubb business units and interact with brokers/reinsurers.
• Proactively identify issues and recommend effective solutions.
• Provide assistance with the monthly close process.

Skills

Communication skills

Math aptitude

Collaboration

Tools

Microsoft Office

Job description

Reporting to a Manager, Ceded Claims,Reinsurance Services, this position is responsible for the day to day reinsurance claim operations in North America. The ceded reinsurance billings are primarily proof billed but validation of all claims is required. Timely billings and collections of loss balances are a key element of the work. Provide accurate and complete billing packages; respond to reinsure and broker queries, resolve disputed claims and provide recommendations on compromised claims with a view to maximizes cash flow. The department provides business units and other constituencies with reliable and cost effective processing and reporting services.

Key Responsibilities:

Ensure claims are reported timely and in accordance with the reinsurance contract terms

Verify billings are completed timely and accurately

Track, Monitor and Collect open ceded loss recoverable balances

Report accurate status of billings and collections as required

Manage SOX functions and audit testing (Internal/External)

Support Chubb business units and interact with brokers/reinsurers

Proactively identify issues and recommend effective solutions

Provide assistance with the monthly close process

Qualifications

Strong writing and verbal communication skills

Strong aptitude for math

Proficient in all Microsoft applications (Word, Access, PowerPoint, etc.)

Ability to collaborate with other units within the department, the company and reinsurance partners

About Us

Chubb is a world leader in insurance. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.

At Chubb, we are committed to equal employment opportunity and compliance with all laws and regulations pertaining to it. Our policy is to provide employment, training, compensation, promotion, and other conditions or opportunities of employment, without regard to race, color, religious creed, sex, gender, gender identity, gender expression, sexual orientation, marital status, national origin, ancestry, mental and physical disability, medical condition, genetic information, military and veteran status, age, and pregnancy or any other characteristic protected by law. Performance and qualifications are the only basis upon which we hire, assign, promote, compensate, develop and retain employees. Chubb prohibits all unlawful discrimination, harassment and retaliation against any individual who reports discrimination or harassment.

Job Info

• Job Identification 35987
• Job Schedule Full time
• Regular or Temporary Regular
• Business Unit United States
• Legal Employer ACE American Insurance Company