Senior COG Reinsurance Billing Analyst

Chubb European Group Ltd.; Philadelphia (Philadelphia County); Presencial; USD 95 000 - 140 000; Tempo integral

Resumo da oferta

Chubb European Group Ltd. in the United States seeks a Senior COG Reinsurance Billing Analyst to own XOL billing and complex QS billing production for assigned programs, reporting to the COG Reinsurance Billing Lead.

This role operates with minimal day-to-day oversight, exercising independent judgment on complex calculation and billing processes. You will calculate reinsurance transactions, prepare statements, and manage escalations with reinsurers and brokers while training Billing Analysts and

Responsabilidades

• Calculate Reinsurance Transactions: Calculate and register reserve, loss, & premium adjustments based on reconciled data and application of appropriate contract wording. Prepare billing statements and adjusting entries as necessary to ensure correct P&L for both reporting and billing purposes.
• Excess of Loss (XOL) statements: Prepare and distribute XOL billings, meeting contractual timeframes, liaising and coordinating with regional reinsurance/finance teams on shared programs, and acting as a key point of contact for certain strategic reinsurers which require advanced reporting and query resolution.
• Quota Share (QS) Bordereau: Generate QS bordereau for complex programs. Perform first review of QS bordereau outputs generated by Billing Analysts for accuracy before manager review.
• Large Claim Movement Analysis: Own monthly analysis of material assumed incurred loss movements in excess by treaty and by Business Unit in order to identify and action on large movements in claims.
• Reinsurer & Broker Escalations: Resolve broker and reinsurer billing disputes and queries, providing timely responses as needed.
• Analyst Support: Train and support the Billing Analysts and Co-Ops; act as Tower Lead backup on a rotating basis.
• Process Improvement: Lead process improvement initiatives within assigned programs, identifying opportunities to standardize or automate recurring billing tasks.

Descrição da oferta de emprego

The Senior COG Reinsurance Billing Analyst owns XOL billing and complex QS billing production for assigned programs within the Billing tower, reporting to the COG Reinsurance Billing Lead. This role operates with minimal day-to-day oversight, exercising independent judgment on complex calculation and billing processes.

Responsibilities

• Calculate Reinsurance Transactions:Calculate and register reserve, loss, & premium adjustments based on reconciled data and application of appropriate contract wording.Prepare billing statements and adjusting entries as necessary to ensure correct P&L for both reporting and billing purposes.

• Excess of Loss (XOL) statements: Prepare and distribute XOL billings, meeting contractual timeframes, liaising and coordinating with regional reinsurance/finance teams on shared programs, and acting as a key point of contact for certain strategic reinsurers which require advanced reporting and query resolution.

• Quota Share (QS) Bordereau:Generate QS bordereau for complex programs.Perform first review of QS bordereau outputs generated by Billing Analysts for accuracy before manager review.

• Large Claim Movement Analysis:Own monthly analysis of material assumed incurred loss movements in excess by treaty and by Business Unit in order to identify and action on large movements in claims.

• Reinsurer & Broker Escalations:Resolve broker and reinsurer billing disputes and queries, providing timely responses as needed.

• Analyst Support:Train and support the Billing Analysts and Co-Ops; act as Tower Lead backup on a rotating basis.

• Process Improvement:Lead process improvement initiatives within assigned programs, identifying opportunities to standardize or automate recurring billing tasks.