Reinsurance Claims Analyst

ICW Group
US - Alabama - Hazel Green
January 19, 2025
Financial

Are you looking for more than just a job? Do you want to have a voice and feel a sense of belonging? At ICW Group, we hire innovative people who consistently adapt, grow and deliver. We believe in hard work, a fun work environment, and embracing creativity that only comes about when talented people collaborate to develop solutions. Our mission is to create the best insurance experience possible.

Headquartered in San Diego with regional offices located throughout the United States, ICW Group has been named for seven consecutive years as a Top 50 performing P&C company offering the stability of a large, profitable and growing company combined with a small-company entrepreneurial spirit. Our purpose-driven ethos provides team members with opportunities to contribute, develop, and belong.

ESSENTIAL DUTIES AND RESPONSIBILITIES

Manages and oversees Assumed Accounts involving claim and account level issues.

Analyzes and processes reinsurance claims in accordance with company policies and regulatory requirements.
Conducts day-to-day assessment of company's reinsurance claims and validates them for payment.
Prepares and maintains accurate records of claims activity and findings in the claims management system.
Ensures that all Assumed Reinsurance claims/payments (including Legacy) are processed in TIRS.
Evaluates claim submissions for accuracy and completeness, ensuring compliance with contractual agreements.
Develops relationships and collaborates with internal teams and external stakeholders, including reinsurers, brokers, and clients, to gather necessary documentation.
Provides input into the development and implementation of best practices for claims handling and reporting.
Supports senior claims staff in managing claims files and documentation.
Provides insights and recommendations based on claim trends and analyses to improve processes.
Creates and prepares reports for management, summarizing claim activity and highlighting significant issues.
Maintains accurate data of payments, reserves, scanned documents, new mail, etc.
Analyzes and produces reports highlighting large losses, coverage, and critical issues for review.
Alerts Management of significant loss development activity.
Actively participates in department-wide projects as required.
Shares information and analyses with Senior Management to determine potential impact on initiatives.

EDUCATION AND EXPERIENCE

Bachelor's degree from four-year college or university required. Additional experience may be considered in lieu of degree.
Minimum 2 years of experience in Reinsurance required.

CERTIFICATES, LICENSES, REGISTRATIONS

Reinsurance designation preferred.

KNOWLEDGE AND SKILLS

Excellent verbal and written communication skills, time management and organizational skills.
Requires a high level of attention to detail.
Must have a sense of urgency for execution.
Ability to work independently in deriving solutions to new business problems. Comfortable and competent in client interaction settings.
Ability to take ownership of Claims analyses.
Ability to grasp analytic concepts and learn new tools and logic within established processes.
Computer skills and knowledge of Microsoft Office, specifically Word and Excel. Knowledge of TIRS preferred.

WORK ENVIRONMENT

This position operates in an office environment and requires the frequent use of a computer, telephone, copier, and other standard office equipment.

#LI-DS1

#LI-Remote

The current range for this position is

$74,932.01 - $126,367.76

This range is exclusive of fringe benefits and potential bonuses. If hired at ICW Group, your final base salary compensation will be determined by factors unique to each candidate, including experience, education and the location of the role and considers employees performing substantially similar work.

WHY JOIN ICW GROUP?

Challenging work and the ability to make a difference

You will have a voice and feel a sense of belonging

We offer a competitive benefits package, with generous medical, dental, and vision plans as well as 401K retirement plans and company match

Bonus potential for all positions

Paid Time Off with an accrual rate of 5.23 hours per pay period (equal to 17 days per year)

10 paid holidays throughout the calendar year

Want to continue learning? We'll support you 100%

ICW Group is committed to creating a diverse environment and is proud to be an Equal Opportunity Employer. ICW Group will not discriminate against an applicant or employee on the basis of race, color, religion, national origin, ancestry, sex/gender, age, physical or mental disability, military or veteran status, genetic information, sexual orientation, gender identity, gender expression, marital status, or any other characteristic protected by applicable federal, state or local law.

At ICW Group we offer a work environment that encourages entrepreneurialism and celebrates success. Our team members are hands-on contributors who are given the opportunity to make an impact. It's our people who make us an employer of choice and the vibrant company we are today.

Read the full job description and apply online on the recuiter's web-site

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