Reinsurance Claims Lead NY

This is your opportunity to join AXIS Capital - a trusted global provider of specialty lines insurance and reinsurance. We stand apart for our outstanding client service, intelligent risk taking and superior risk adjusted returns for our shareholders. We also proudly maintain an entrepreneurial, disciplined and ethical corporate culture. As a member of AXIS, you join a team that is among the best in the industry.

At AXIS, we believe that we are only as strong as our people. We strive to create an inclusive and welcoming culture where employees of all backgrounds and from all walks of life feel comfortable and empowered to be themselves. This means that we bring our whole selves to work.

All qualified applicants will receive consideration for employment without regard to race, color, religion or creed, sex, pregnancy, sexual orientation, gender identity or expression, national origin or ancestry, citizenship, physical or mental disability, age, marital status, civil union status, family or parental status, or any other characteristic protected by law. Accommodation is available upon request for candidates taking part in the selection process.

Reinsurance Claim Lead

Job Family Grouping: Reinsurance Claims

Job Family: Claims

The Reinsurance Claims Lead is a key contributor to the reinsurance team at AXIS.

Working in a globalized customer focused, professional reinsurance claims organization, you will supports the department goals of managing, maintaining and retaining a department of the highest quality claim professionals who provide best in class internal and external client servicing through efficient and effective claims handling and quality customer service.

How does this role contribute to our collective success?

The lead reinsurance claims professional is diligent in reviewing reinsurance claims against our treaties to protect the assets of AXIS and ensure we are paying all claims properly presented quickly while mindful of

What will you do in this role?

As a Lead Reinsurance Claims professional you will:

• Manage a diverse and interesting portfolio of reinsurance claims for various lines of business including: Professional Liability, Casualty, Marine and Surety.

• Proactively manage claims from notification through closure, investing the necessary level of investigation required for each claim, depending on the nature and value of it.

• Review larger and more complex claims against the governing reinsurance treaty to determine the nature of loss, coverage, and identify when payment is due.

• Serve as a resource to other claim professionals and team members at AXIS Re on technical matters, coverage analysis, emerging trends, and other claims related matters.

• Participate in professional associations/professional development activities to gain expertise, industry information and insights, and to network.

• Autonomously negotiate and resolve claims directly with cedents or brokers.

• Triage your work and collaborate with other team members, including technical accounting to facilitate the payment of valid claims accurately and promptly

• Conduct claim audits for assigned accounts and clients.

• May travel to meet with cedents and brokers for audits and claims discussions from time to time.

• Collaborate with AXIS Re colleagues in underwriting, account management, and actuarial by sharing pertinent loss development and trend development information in a timely manner.

• Build strategic relationships in the industry to support best in class reinsurance claims handling.

• Interact with colleagues across the organization to support strategic initiatives.

• Identify developing trends and anomalies in the assigned book of claims and recommend appropriate strategies which could include: changes to procedures, cost containment strategies, client education presentations, etc.

• Identify process improvements to be reviewed and approved by more senior management.

• Engage in department wide initiatives, discussions and prepare presentations for clients or colleagues from time to time

You may also be required to take on additional duties, responsibilities and activities appropriate to the nature of this role.

About You:

We encourage you to bring your own experience and expertise to the table, so while there are some qualifications and experiences, we need you to have, we are open to discussing how your individual knowledge might lend itself to fulfilling this role and help us achieve our goals.

What you need to have:

• A firm understanding of insurance and reinsurance terminology, including familiarity with various lines of business insurance coverage and reinsurance treaty types.

• The ability to independently evaluate complex insurance claim exposures for proper reserving under a reinsurance program.

• An understanding of common reinsurance contract terms and conditions, including business covered, common exclusions, aggregate limits, occurrence limits, treaty limits, retentions, how to apply annual aggregate deductibles, clash exposures, claims made cover, etc. and the impact of the contract terms to each claim and to the account as a whole

• Working knowledge of legal processes and laws applicable to the various lines of business handled in the unit. Ability to recognize potential legal issues or conflicts in differing jurisdictions.

• Basic knowledge of how to investigate a reinsurance claim and where to gain more information as needed. Understanding of the basics of the insurance arbitration/ mediation process and structured settlements

• An awareness of emerging risks, market conditions and other movements that may materially impact a line of business or an account; broad knowledge base of specific information relating to all business underwritten in the supported business unit

• Ability to assess the reliability, credibility and overall completeness of the claims information provided and analyse claims (liability, damages, and reserves). Ability to integrate both the abstract and concrete elements of a claim for a proper evaluation. Acts as a strategic thinker.

• Experience working at an insurance carrier, reinsurance broker or reinsurer

• A bachelor's degree or equivalent work experience

What we prefer you to have:

A law degree

Experience in insurance or reinsurance contract interpretation and dispute management.

Prior experience as a reinsurance claims analyst.

Role Factors:

In this role, you will typically be required to:

Travel to cedents and broker meetings in North America between 2-10 times a year

Be in the office 3 days per week

What we offer:

For this position, we currently expect to offer a base salary in th.