Claims Analyst

3 days ago

Quezon City, National Capital Region, Philippines ECLARO Full time $60,000 - $80,000 per year

Role Title:
Claims Analyst - Reinsurance

ECLARO:
A quick Summary

ECLARO is an award-winning professional services firm headquartered in New York City and operating in the U.S., Canada, UK, Ireland, Australia and the Philippines. We are dedicated to a singular purpose: providing the Right People to meet every client's needs and solve business challenges through strategic staffing, permanent placement, custom outsourcing & offshoring. Utilizing our proprietary TRINIT-E Service Maturity Model, we help clients implement programs to promote innovation, automation and process improvement.

About the Role:
The Claims Analyst is responsible for processing claims data for our Bermuda Reinsurance Operations. Reporting to the AVP Claims, you will work closely as part of a collaborative team.

Responsibilities:

•    Analyze and confirm coverage for all incoming reinsurance claims across property and specialty lines of business based on contract terms


•    Review of client documents and broker statements for accuracy


•    Processing and updating all claims including: loss payments, loss refunds, reserve movements and reinstatement premium in SICS


•    Completion of allocated claims notices within standard industry times


•    Ensure compliance with internal corporate guidelines, processes and procedures


•    Analyze and review support for letters of credit 


•    Maintenance of electronic files across various platforms


•    Assist with preparing support for internal and external audits

Qualifications:

•    Experience built in complex reinsurance claims handling, including fundamental knowledge of claims and reserving process and reinsurance policy terms and conditions


•    Experience with reading and interpreting reinsurance contracts


•    Well-developed knowledge of the reinsurance industry claims and the insurance legal, compliance and regulatory environment.


•    Experience with underwriting/claims systems - DXC SICS is preferred, but not required


•    Developed problem solving and analytical skills.


•    Strong interpersonal skills, and ability to communicate and manage well at all levels of the organization is essential.


•    High level of integrity and dependability with a strong sense of urgency and results-orientation.

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