Reinsurance Claims Specialist

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.

Working in a globalized customer focused, professional reinsurance claims organization, you will support the department goals of providing best in class internal and external client servicing through efficient and effective reinsurance claims handling and excellent customer service.

The reinsurance claims specialist is diligent in reviewing reinsurance claims against our treaties to protect the assets of AXIS and ensure we are paying all valid claims as quickly and efficiently as possible, while maintaining accurate records and high service standards. The ideal candidate will possess a strong work ethic, good organizational skills, and a positive attitude.

• You will be working on a team that services a diverse and interesting portfolio of reinsurance claims. Assigned lines of business may include: Motor, Liability, Casualty, Marine, Agriculture, Surety and/or Accident and Health claims
• Proactively manage claims from notification through closure, providing the level of review required for each claim, depending on the nature and value of the loss
• Review submitted reinsurance claims against the governing reinsurance treaty and consult with colleagues to determine the nature of loss, applicable coverage, establish appropriate and timely reserves, and identify when payment due
• Triage your work daily and collaborate with other team members, including colleagues outside the reinsurance claim team to ensure that valid claims are processed and paid accurately and promptly
• Conduct desktop claim audits as needed
• Join calls or meetings with cedents and brokers as requested and provide claim insights when appropriate
• Identify developing trends and anomalies in your book of claims and escalate these to your manager. Share pertinent loss development information with underwriters and actuaries
• Participate in professional associations and professional development activities to gain expertise, industry information and insights, and to build a network of strategic relationships in the industry to support best in class reinsurance claims handling
• Interact with colleagues across the organization to support strategic initiatives
• Identify opportunities for improvements in processes and claim management. Escalate suggestions to your manager which could include changes to procedures, additional cost containment strategies, and client or peer education presentations
• Engage in department wide projects and corporate initiatives from time to time including DEI and ERG programs offered at AXIS

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

We are seeking a dedicated and detail-oriented person to join our team. 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.

• Effective analytic skills

• A solid understanding of common insurance and reinsurance products
• Familiarity with reinsurance contract types and terms and conditions, including business covered, common exclusions, aggregate limits, occurrence limits, treaty limits, retentions, annual aggregate deductibles, clash exposures, and claims made covers
• Experience in insurance or reinsurance claims handling
• Presentation skills
• Industry designations like CPCU, ARe, and AIC a plus

In this role, you will typically be required to:

Be in the office 3 days per week minimum.

Travel to cedents and broker meetings the US on occasion as requested

Participate in the weekly global reinsurance claims team meetings and various team meetings

For this position, we currently expect to offer a base salary in the range of $75,000 to $85,000 USD. Your salary offer will be based on an assessment of a variety of factors including your specific experience and work location.

In addition, you will be offered competitive target incentive compensation, with awards based on overall corporate and individual performance. On top of this, you will be eligible for a comprehensive and competitive benefits package which includes medical plans for you and your family, health and wellness programs, retirement plans, tuition reimbursement, paid vacation, and much more.

Where this role is based in the United States of America, this role is Exempt for FLSA purposes.