The Senior Reinsurance Claims Analyst is responsible for managing, analyzing, and resolving large-scale catastrophe reinsurance claims arising from events such as hurricanes, earthquakes, wildfires, floods, and other natural or man-made disasters. This role provides subject-matter expertise on reinsurance contract interpretation, catastrophe modeling impacts, and complex loss quantification. The analyst serves as a key liaison between internal stakeholders, brokers, and external experts to ensure timely, accurate claims settlement and strategic claims management.
Key Responsibilities
Claims Handling & Analysis
- Manage end-to-end processing of complex catastrophe reinsurance claims, including preliminary validations, coverage analysis, and loss evaluation.
- Conduct detailed review of cedant submissions, loss bordereaux, catastrophe reports and supporting documentation.
- Ensure accuracy of recoverable calculations in accordance with treaty terms (excess of loss, catastrophe programs, aggregate structures, etc.).
- Monitor claim development, identify trends, and provide insights on ultimate loss projections.
Reinsurance Contract Interpretation
- Interpret treaty wordings, endorsements, loss occurrence definitions, hours clauses, reinstatement provisions, and aggregation language.
- Advise internal teams on coverage applicability and potential dispute areas.
Data Reporting & Systems
- Maintain accurate claim records in internal systems, ensuring alignment with finance and accounting processes.
- Support quarterly and year-end financial close through claim reconciliations, IBNR analysis, and cash settlement tracking.
- Contribute to data quality improvements and process automation initiatives.
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Compliance & Risk Management
- Ensure claims handling complies with regulatory requirements, reinsurance contracts, and internal governance standards.
- Identify operational risks and recommend mitigation strategies.
Qualifications
Education & Experience
- 5ā10+ years of experience in reinsurance or high-severity property claims, catastrophe claims preferred.
- Strong understanding of reinsurance structures, catastrophe modeling, and industry reporting standards.
Skills & Competencies
- Advanced analytical and investigation skills.
- Expertise in interpreting complex treaty wordings.
- Strong communication and negotiation ability.
- Proficiency in claims systems, Excel, Word
- Ability to manage high volumes of complex data during catastrophic events.
- Strong attention to detail and commitment to accuracy.
Key Attributes
- Strategic thinker with strong problem-solving skills.
- Able to work under pressure and manage multiple catastrophe events simultaneously.
- Highly collaborative and comfortable engaging with both senior leadership and external partners.
- Proactive, self-directed, and adaptable in a fast-changing environment.