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Manager Ceded Reinsurance Claim

Employer
Travelers Insurance
Location
Hartford, Connecticut
Salary
Not Specified
Closing date
Sep 7, 2024

View more

Category
Claims
Job Type
Not Specified
Career Level
Not Specified
Workplace
In-Office

Job Details

Who Are We?

Taking care of our customers, our communities and each other. That's the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 160 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.

Compensation Overview

The annual base salary range provided for this position is a nationwide market range and represents a broad range of salaries for this role across the country. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. As part of our comprehensive compensation and benefits program, employees are also eligible for performance-based cash incentive awards.

Salary Range

$81,400.00 - $134,400.00

Target Openings

1

What Is the Opportunity?

Are you ready to join a world class organization handling Ceded Reinsurance Claims? Travelers Ceded Reinsurance team is critical to managing risk and ensuring enterprise growth As a Manager in the Ceded Reinsurance Claim Operations department you will provide specific technical expertise on moderately complex reinsurance claims as well as review, analyze and processing reinsurance claims. In this role, you will be a valued team contributor helping Travelers and its various business groups meet important financial goals that directly impact the bottom line.

What Will You Do?

  • Identify, review and confirm reinsurance coverage for losses, specifically complex claims such as asbestos, hazardous waste, pollution and other cumulative injury (eg. abuse, CTE).
  • Calculate, analyze and record proper financial results and all losses within company guidelines and issue timely notices, updates and billings for losses covered under our reinsurance contracts.
  • Consult with internal and external partners to collect reinsurance receivables, independently resolve reinsurer moderate to complex questions, and present solutions and work with manager to resolve complex reinsurer disputes.
  • Participate in various Ceded Reinsurance /Company projects and initiatives.
  • Maintain frequent business unit, broker, and reinsurer contact to communicate service standards and highlight efforts to meet business unit needs and foster long-term relationships.
  • Routinely attend reinsurer and broker meetings to address assigned claims/issues.
  • Make recommendations to manager on system, procedure and/or workflow enhancements to improve the effectiveness and efficiency of operation.
  • Conduct quality assurance audits and make appropriate adjustments.
  • Train new team members and/or provide mentoring to less experienced staff.
  • Perform other duties as assigned.

What Will Our Ideal Candidate Have?

  • Bachelor's degree.
  • Thorough understanding of intermediate insurance/reinsurance concepts and relevant issues, particularly as respects the assigned line(s) of business required; thorough understanding of Travelers reinsurance program for assigned line(s) of business.
  • Professional designation or working toward professional designation (MBA, JD, ARe, CPCU).
  • Strong analytical, problem resolution, organizational and developing negotiations skills with the ability to follow through and influence on projects with agents and brokers.
  • Intermediate verbal, written, presentation, and interpersonal skills with the ability to develop and maintain effective working relationships with internal and external partners.
  • Demonstrated ability to develop creative solutions to address more complex issues.
  • Demonstrated ability to respond quickly to changing priorities.

What is a Must Have?

  • Four years of related insurance and/or reinsurance experience.
  • Have the ability to travel to meetings with external clients.

What Is in It for You?

  • Health Insurance: Employees and their eligible family members - including spouses, domestic partners, and children - are eligible for coverage from the first day of employment.
  • Retirement: Travelers matches your 401(k) contributions dollar-for-dollar up to your first 5% of eligible pay, subject to an annual maximum. If you have student loan debt, you can enroll in the Paying it Forward Savings Program. When you make a payment toward your student loan, Travelers will make an annual contribution into your 401(k) account. You are also eligible for a Pension Plan that is 100% funded by Travelers.
  • Paid Time Off: Start your career at Travelers with a minimum of 20 days Paid Time Off annually, plus nine paid company Holidays.
  • Wellness Program: The Travelers wellness program is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health program provides access to free professional counseling services, health coaching and other resources to support your daily life needs.
  • Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards program that enables you to give back to the charity of your choice.

Employment Practices

Travelers is an equal opportunity employer. We believe that we can deliver the very best products and services when our workforce reflects the diverse customers and communities we serve. We are committed to recruiting, retaining and developing the diverse talent of all of our employees and fostering an inclusive workplace, where we celebrate differences, promote belonging, and work together to deliver extraordinary results. 

In accordance with local law, candidates seeking employment in Colorado are not required to disclose dates of attendance at or graduation from educational institutions.


If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email so we may assist you.


Travelers reserves the right to fill this position at a level above or below the level included in this posting.

To learn more about our comprehensive benefit programs please visit http://careers.travelers.com/life-at-travelers/benefits/.


Company

 

WHO WE ARE

Imagine a Career With Purpose.

For more than 160 years Travelers has earned a reputation as a leader in personal, business and specialty insurance because we take care of our customers. When you work at Travelers, life’s most important moments become your life’s work. That means helping families feel secure, businesses to prosper, knowing that you’ve made a difference, and feeling like you belong to something bigger.


LIFE AT TRAVELERS

Imagine Playing a Role in Something Bigger.

A career at Travelers means being part of a team comprised of 30,000 + talented and passionate people that’s evolving to meet changing needs – from customer service to data science and beyond. If that’s more than you imagined in an insurance career, it’s time to join us at Travelers.


JOIN OUR TALENT COMMUNITY
As a part of our Talent Community, you will receive customized job alerts, be the first to know about opportunities to work at Travelers, and stay connected with our recruiters!

 

 

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