Sr. Analyst Ceded Re Claim Specialist

Hartford, Connecticut

Company Information
Solid reputation, passionate people and endless opportunities. That's Travelers. Our superior financial strength and consistent record of strong operating returns mean security for our customers - and opportunities for our employees. You will find Travelers to be full of energy and a workplace in which you truly can make a difference.

Job Summary
Under general supervision, the Sr. Analyst, Ceded Reinsurance Claims Specialist is responsible for reviewing, analyzing and processing moderately complex losses on assigned contracts.

The Sr. Analyst will participate in projects requiring an increasing degree of technical skills, and provides functional support as assigned.

This job does not manage others


Primary Job Duties & Responsibilities
May include all or the majority but not limited to these components

Identify, review and confirm reinsurance coverage for losses.

Calculate and record proper financial results (reserves/billings).

Analyze and record all losses within company guidelines and issue timely notices, updates and billings for losses covered under our reinsurance contracts.

Collect reinsurance receivable; resolve routine reinsurer questions independently; present solutions to review with supervisor / manager to resolve moderately complex reinsurer questions and all disputes. This includes independently consulting with our brokers, business units, reinsurers, and internal experts to resolve specific questions regarding billings and reserves.

Participate on various Ceded Reinsurance/Company projects and initiatives (ex: commutations, insolvency, audit, etc... )

Anticipate and resolve problems, provide technical expertise as appropriate, make recommendations on possible solutions to problems and refer critical issues to the appropriate level of management.

Ensure that internal/external clients receive excellent service.

Maintain positive relationships with business unit, brokers, and reinsurer contacts to meet business unit needs and foster long-term relationships.

Occasionally attend reinsurer and broker meetings to discuss assigned claims/issues.

Occasionally train team members and/or provide mentoring to less experienced staff members.

Make recommendations on system, procedure and/or workflow enhancements to improve the effectiveness and efficiency of operation.

May conduct QA audits as assigned and make appropriate recommendations on training needs as appropriate.

May be responsible for reinsurer audit coordination.

Other duties as assigned.


Minimum Qualifications
Minimum 2 years of related experience required.
Intermediate Word & Excel Skills required.

Education, Work Experience & Knowledge
Bachelor's degree preferred.

Thorough knowledge of basic insurance and reinsurance products.

Intermediate verbal, written and interpersonal skills.

Demonstrated ability to develop effective working relationships across organizational lines.

Intermediate presentation skills.

Intermediate analytical, problem resolution, decision making and organizational skills.

Demonstrated ability to respond quickly to changing priorities. Demonstrated ability to work independently and in a team environment.

Flexibility (ability to adjust to new situations and changing priorities).

Excellent time management skills.

Job Specific & Technical Skills & Competencies
Thorough knowledge of insurance/reinsurance concepts for the assigned line(s) of business required; general knowledge understanding of Travelers reinsurance program for assigned line of business preferred.

Environmental/Work Schedules/Other
Travel <5%

Physical Requirements
Operates standard office equipment (Frequently) Sitting (can stand at will) (Frequently) 75%+ Standing (Occasionally) 25% Lifting items <33% (11-20lbs) & Frequently (0-10lbs) Use of Keyboards, Sporadic 10-Key (Frequently) Driving (Occasionally) < 5%

Licensing or Certificates
Working towards professional designation (ARe, CPCU) preferred.

Equal Employment Opportunity Statement
Travelers is an equal opportunity employer.
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About Travelers

The Travelers Companies, Inc. (NYSE: TRV) is a leading property casualty insurer selling primarily through independent agents and brokers. The company's diverse business lines offer its global customers a wide range of coverage in the auto, home and business settings. A component of the Dow Jones Industrial Average, Travelers has more than 30,000 employees and generated revenues of approximately $25 billion in 2010.