Reinsurance Claim Specialist

Posted 2 Months Ago
Be an Early Applicant
Philadelphia, PA, USA
In-Office
Entry level
Insurance
The Role
Manage North American ceded reinsurance claim operations, including timely claim reporting, billing validation, loss recoverable collections, status reporting, disputed claim resolution, SOX and audit testing, monthly close support, and collaboration with business units, brokers, and reinsurers. The role also identifies operational issues and recommends solutions to improve accuracy, compliance, and cash flow.
Summary Generated by Built In

Reporting to a Manager, Ceded Claims, Reinsurance Services,  this position is responsible for the day to day reinsurance claim operations in North America.  The ceded reinsurance billings are primarily proof billed but validation of all claims is required.  Timely billings and collections of loss balances are a key element of the work.  Provide accurate and complete billing packages; respond to reinsure and broker queries, resolve disputed claims and provide recommendations on compromised claims with a view to maximizes cash flow.  The department provides business units and other constituencies with reliable and cost effective processing and reporting services.  

 

Key Responsibilities:

  • Ensure claims are reported timely and in accordance with the reinsurance contract terms 

  • Verify billings are completed timely and accurately 

  • Track, Monitor and Collect open ceded loss recoverable balances

  • Report accurate status of billings and collections as required

  • Manage SOX functions and audit testing (Internal/External) 

  • Support Chubb business units and interact with brokers/reinsurers

  • Proactively identify issues and recommend  effective solutions

  • Provide assistance with the monthly close process

Qualifications

 

  • Strong writing and verbal communication skills

  • Excel skills

  • Strong aptitude for math 

  • Proficient in all Microsoft applications (Word, Access, PowerPoint, etc.)

  • Ability to collaborate with other units within the department, the company and reinsurance partners

About Us
Chubb is a world leader in insurance. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.

At Chubb, we are committed to equal employment opportunity and compliance with all laws and regulations pertaining to it. Our policy is to provide employment, training, compensation, promotion, and other conditions or opportunities of employment, without regard to race, color, religious creed, sex, gender, gender identity, gender expression, sexual orientation, marital status, national origin, ancestry, mental and physical disability, medical condition, genetic information, military and veteran status, age, and pregnancy or any other characteristic protected by law. Performance and qualifications are the only basis upon which we hire, assign, promote, compensate, develop and retain employees. Chubb prohibits all unlawful discrimination, harassment and retaliation against any individual who reports discrimination or harassment.

Skills Required

  • Strong written and verbal communication skills
  • Microsoft Excel skills
  • Strong aptitude for mathematics
  • Proficiency in Microsoft applications, including Word, Access, and PowerPoint
  • Ability to collaborate with internal departments and reinsurance partners

Chubb Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Chubb and has not been reviewed or approved by Chubb.

  • Healthcare Strength — Healthcare coverage includes multiple medical plan options with preventive care, plus dental and vision, alongside HSAs/FSAs, telemedicine, and wellness resources. The breadth of offerings is presented as comprehensive for a large insurance employer.
  • Retirement Support — A 401(k) plan with company contributions anchors the financial benefits, complemented by life and disability insurance. These programs reinforce long-term savings and protection.
  • Strong & Reliable Incentives — Performance-based and year-end bonuses are part of the total rewards, with structured reviews supporting incentive opportunities. These components provide compensation beyond base salary.

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The Company
HQ: Zürich
27,791 Employees

What We Do

Chubb is the world’s largest publicly traded property and casualty insurance company. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London, Paris and other locations, and employs 31,000 people worldwide. Additional information can be found at: chubb.com.

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