Ceded Reinsurance Account Manager

Job Description

Job Description

Resolute Management, Inc. is a Third-Party Administrator hired by clients to handle complex environmental, asbestos, and/or latent type insurance claims. We are proud to be an affiliate of the Berkshire Hathaway group of insurance companies and we believe our structure allows our employees to experience the benefits of a large company with a friendly, small company atmosphere. Our headquarters are located in Boston, MA, and we have additional offices located in Chicago, Philadelphia, and Stamford, CT.

POSITION SUMMARY:

The Ceded Reinsurance Account Manager is responsible for the reporting, billing, and collection of ceded reinsurance claims. The role requires a strong understanding of complex asbestos, environmental and / or other latent exposure claims, coverage and policy allocation issues, reinsurance program structures, and facultative and treaty contract language to ensure accurate reporting and timely recovery of reinsurance balances.

DUTIES:

• Reviewing underlying claim matters and coverage files to determine if claims are reportable to reinsurers.
• Providing reinsurers with initial notice.
• Providing reinsurers with status updates.
• Billing reinsurers.
• Collecting from reinsurers.
• Ensuring that reinsurer inquiries are addressed.
• Performing special projects and assignments related to area of authority (for example: handling reinsurer audits and collateral requests).

PERFORMANCE REQUIREMENTS:

• Strong analytical, interpersonal, and written communication skills required.
• Capable of working independently and meeting assigned deadlines.

EDUCATION:

• Bachelor's degree required; degree in Finance and/or Accounting preferred; Law degree a plus.
• CPCU or other industry designation, a plus.

EXPERIENCE:

• Proficiency with MS Excel.
• Prior reinsurance or claims experience, a plus.

Salary: $85,000 - $110,000