Senior Reinsurance Claims Specialist

AXIS (AXIS Capital); Princeton (NJ); On-site; USD 90,000 - 120,000; Full time

Job summary

AXIS Capital in Princeton, NJ, invites you to join as a Claims Lead - Grade I. You will protect AXIS Re's balance sheet, reputation, and client relationships by handling reinsurance claims promptly, accurately, and in compliance with guidelines and regulatory requirements.

You will collaborate with underwriting, actuarial, finance, brokers, cedants, and other claims professionals to provide analysis, reserve monitoring, and clear communications.

Qualifications

• Minimum 3 years of experience in insurance and/or reinsurance claims handling.
• Strong analytical and problem-solving skills.
• Effective written and verbal communication abilities.
• Ability to manage multiple priorities and work collaboratively in a team.
• Experience using claims management systems; knowledge of SICS is beneficial.

Responsibilities

• Handle assigned reinsurance claims and claim portfolios in accordance with AXIS Re claims guidelines, delegated authorities, contractual obligations, and regulatory requirements.
• Ensure claims are promptly and accurately documented, evaluated, reserved, and processed throughout the claim lifecycle.
• Analyze claim submissions, loss notices, and supporting documentation to assess coverage, liability, financial exposure, and reporting requirements.
• Identify and elevate coverage issues, large losses, accumulation concerns, and other material developments in a timely manner.
• Maintain case reserves and monitor claim activity and loss development on assigned accounts.
• Partner with underwriting, actuarial, finance, and legal teams to support effective claim management and informed business decision making.
• Communicate directly with brokers, cedants, and other stakeholders regarding claim developments, information requests, coverage matters, and reporting requirements.
• Participate in claims audits, including audit planning, file selection, audit attendance, preparation of audit reports, and communication of findings and recommendations.
• Monitor legal, regulatory, and market developments that may impact claims handling, reserving practices, or portfolio performance.
• Maintain high-quality claim files and ensure accurate, complete, and reliable claims data within company systems.
• Contribute to management reporting, portfolio reviews, and other initiatives that support effective oversight of the claims portfolio.
• Build and maintain strong working relationships with internal and external stakeholders, including underwriting, actuarial, finance, brokers, cedants, auditors, and service providers.
• Support continuous improvement initiatives that enhance claims handling practices, operational efficiency, reporting capabilities, and data quality.
• Assist in the development and maintenance of training materials, desk guides, reference tools, and process documentation to promote consistency and operational effectiveness across the Claims team.
• Translate complex claims, coverage, legal, and reserving concepts into clear and concise communications tailored to a variety of business audiences.
• Support the effective use of data, reporting tools, automation, and emerging technologies, including artificial intelligence solutions, to improve workflows and business processes.
• Collaborate across global teams and functions to improve the quality, consistency, accessibility, and usability of claims information.
• Contribute to a culture of learning, collaboration, and continuous professional development by sharing knowledge, best practices, and lessons learned.

Skills

Analytical skills

Effective communication

Team collaboration

Prioritization

Attention to detail

Claims management systems

SICS knowledge (beneficial)

Education

Juris Doctor (JD) preferred

Tools

SICS

Microsoft Excel

Job description

AXIS Capital in Princeton, NJ, invites you to join as a Claims Lead - Grade I. You will protect AXIS Re's balance sheet, reputation, and client relationships by handling reinsurance claims promptly, accurately, and in compliance with guidelines and regulatory requirements.

You will collaborate with underwriting, actuarial, finance, brokers, cedants, and other claims professionals to provide analysis, reserve monitoring, and clear communications.