Job Title 

Senior Ceded Reinsurance Specialist

Location

Remote or Hybrid (Manchester, NH/Rockville Center, NY)

Summary

Under minimal supervision, the Senior Ceded Reinsurance Specialist is responsible for end-to-end reinsurance processes, including, contract set up, notifications, billing, queries, and collection of ceded recoverables arising from complex direct claims, including multi-year injury claims.

Essential Functions

• Research & identification of reinsurance (Treaty & Facultative) for direct claims and assist in contract set up and maintenance
• Develop and send initial notices and updates to intermediaries/reinsurers with appropriate information
• Review open accounting balances, cash, reserves and funds held
• Calculate and prepare billings and record financials in accounting system in a timely, accurate and efficient manner
• Research and respond to reinsurer queries, working with direct claims where necessary
• Pursue and collect outstanding reinsurer recoverables for assigned treaty and facultative balances through reconciliation, collection, settlement, off set or other mean
• Independently and proactively research and resolve historic open balance transactions and accounting discrepancies with reinsurers and brokers
• Escalate disputed reinsurance recoverables and assist Inside Counsel with resolution strategies.
• Lead initiatives to improve relationships with reinsurance market
• Maintain diary system resulting in continuous targeted collection efforts on aged balances
• Assist in the application of cash and clear open ledger balances
• Assist in facilitating internal and external party audits
• Lead department initiatives to improve protocols and processes for timely and efficient billing, collection and clearing of aged balances
• Mentor and train new employees
• Conduct all responsibilities consistent with established protocols and processes adhering to established internal controls.

Related Functions:

• Support to reinsurance counsel on pending arbitration and litigation as necessary
• Support commutations, novations, consolidations, acquisitions and migrations as needed
• Support Unit Manager in management reporting
• Support Schedule F mitigation projects & initiatives
• Support training of department personnel

Required Skills

• Ability to interpret reinsurance contracts & structures
• Comprehensive understanding of underlying direct claims, including coverage issues and allocation analysis relating to multi-year injury claims
• Ability to work independently with minimal supervision and lead initiatives
• Demonstrated ability to manipulate and organize large data sets effectively in Excel
• Strong research, writing, and analytical skills
• Strong interpersonal and communication skills, both verbal and written
• Organized, accurate and detail oriented.
• Ability to shift priorities and focus as needed

Experience

• 8+ years of experience in reinsurance processes/collections

Required Education

4 year college degree

Preferred Education or Certification

Law degree

Supervisory Role 

None

Travel

Infrequent – as needed 

Work Environment / Physical Demands

This position operates in a professional cubicle based collaborative environment and must have the ability to timely produce thorough, accurate work with many competing demands, deadlines, and distractions. The position uses standard equipment such as phones, computers, copiers/printers and filing cabinets. Noise level is moderate.

Other Duties (Disclaimer Statement)

RiverStone retains the right to change or assign other duties to this position as needed, OR other duties or responsibilities may change or be assigned as needed.

Core Competencies

Learning on the Fly: Learns quickly when facing new problems; a relentless and versatile learner; open to change; analyzes both successes and failures for clues to improvement; experiments and will try anything to find solutions; enjoys the challenge of unfamiliar tasks; quickly grasps the essence and the underlying structure of anything.

Problem Solving: Uses rigorous logic and methods to solve difficult problems with effective solutions; probes all fruitful sources for answers; can see hidden problems; is excellent at honest analysis; looks beyond the obvious and doesn’t stop at the first answers.

Process Management: Good at figuring out the processes necessary to get things done; knows how to organize people and activities; understands how to separate and combine tasks into efficient flow; knows what to measure and how to measure it; can see opportunities for synergy and integration where others can’t; can simplify complex processes; gets more out of fewer resources.

Sizing Up People: Is a good judge of talent; after reasonable exposure, can articulate the strengths and limitations of people inside or outside the organization; can accurately project what people are likely to do across a variety of situations.

Ethics and Values: Adheres to an appropriate( for the setting) and effective set of core values and beliefs during both good and bad times; acts in line with those values; rewards the right values and disapproves of others; practices what he/she preaches.

Functional/Technical Skills: Has the functional and technical knowledge and skills to do the job at a high level of accomplishment.

Action Oriented: Enjoys working hard; Is action oriented and full of energy for the things he/she sees as challenging; not fearful of acting with minimum planning; Seizes more opportunities than others.

Diversity, Equity, Inclusion & Belonging

RiverStone Resources, LLC is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, LGBTQ+, national origin, gender identity, disability, protected veteran status, or any other characteristic protected by law.

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