Senior Reinsurance Claims Lead — Assistant Manager

aig; Lenexa (KS); On-site; USD 90,000 - 120,000; Full time

Benefits offered by this job

Bonus eligibility

Total Rewards Program

Job summary

AIG in Lenexa, KS is seeking a Reinsurance Claims - Assistant Manager to lead staff handling assumed reinsurance claims with high exposure risks, domestic and international.

You will interact with clients, cedants, and reinsurers, manage reserves and settlements, and drive process improvements within the claims and finance teams.

This role offers base salary plus bonus eligibility and a comprehensive benefits program.

Qualifications

• 5+ years of relevant experience in an insurance/reinsurance company.
• Ceded or assumed reinsurance experience.
• Reinsurance Claims or Accounting experience.
• Management experience preferred.
• Associate Degree or Bachelor's in Accounting or Finance (ARe, AIC, other designations a plus).
• Knowledge of reinsurance including underwriting, claims, accounting, finance and associated process, controls and systems.
• Experience with reinsurance operations and finance.
• Understanding of accounting principles and practices, the insurance/reinsurance markets, and the analysis and reporting of financial data.
• Strong technical skills in Microsoft Excel, Power Point and Word (Access a plus).
• Demonstrated verbal and written communication skills.
• Negotiation, analytical, decision making, problem resolution and organizational skills.
• Process transformation and control improvement experience is a definite plus

Responsibilities

• Confirms that assumed claim staff determine the applicability of the reinsurance treaty, facultative certificate, retrocessional or insurance contract to the loss presented to AIG.
• Consults with assumed claim staff to analyze and develop loss information to formulate and establish timely and accurate reserves.
• Ensure assumed claims staff investigates, evaluates (reserves rights, if applicable), and negotiates coverage issues with client companies as may be required under the reinsurance treaty or facultative certificate.
• Effectively implements litigation management controls to anycircumstance, as warranted.
• Validates the accuracy of billings and cash calls, promoting prompt payment issuance and collections while maintaining accurate reserves and alerting the involved business unit of issues as they arise.
• Provides performance management to assumed claims staff including coaching, feedback and development.
• Actively participates, as a member of the Reinsurance Team, in identifying emerging trends and assumed claim exposures.
• Provides support for mediations, arbitrations, and court hearings involving reinsurance and insurance contracts, as necessary.
• Participates in claim reviews and compliance audits for ceding companies/third-party administrators/self-administered cedants in respect of assumed reinsurance exposures.
• Work closely with financial controls unit, internal and external audit on reinsurance

Skills

Staff management

Reinsurance knowledge

Negotiation

Analytical skills

Communication

Education

Associate Degree or Bachelor's in Accounting or Finance

ARe, AIC designations a plus

Tools

Excel

PowerPoint

Word

Job description

AIG in Lenexa, KS is seeking a Reinsurance Claims - Assistant Manager to lead staff handling assumed reinsurance claims with high exposure risks, domestic and international.

You will interact with clients, cedants, and reinsurers, manage reserves and settlements, and drive process improvements within the claims and finance teams.

This role offers base salary plus bonus eligibility and a comprehensive benefits program.