Built on meritocracy, our unique company culture rewards self-starters and those who are committed to doing what is best for our customers.
NexusRe is seeking a Reinsurance Claims Manager A&H to join our growing team in Morristown, NJ!
The Reinsurance Claims Manager – A&H’s primary function is to execute the day-to-day proactive management of all aspects of global A&H reinsurance claims, with moderate oversight from the Chief Claims Officer, US.
How You Will Contribute:
- Manage the A&H reinsurance claims process from notification through closure, ensuring best practices are met and service delivery is effective and efficient
- Analyze and determine eligibility of claims, verify claims are correctly ceded, and verify proper policy provisions and limits are applied
- Establish and monitor appropriate reserves
- Resolve claims questions directly with cedents or brokers in a professional manner
- Collaborate with other team members, including A&H reinsurance underwriters, to get valid claims paid accurately and promptly within authority level.
- Build strategic relationships in the industry to support informed and best in class reinsurance claims handling
- Interact with colleagues across the Nexus organization to support strategic initiatives
- Identify developing trends within the A&H reinsurance claims book and recommend appropriate strategies for loss mitigation or avoidance
- Liaise regularly on reinsurance claims management issues with relevant stakeholders, including reinsurance underwriting, brokers, cedents, etc.
- Monitor and provide technical assessment and advice on reinsurance claims of varying exposures, including liaising with reinsurance underwriting and leadership
- Maintain accurate reconciliations of the claims across various reinsurance programs
- Ensure Nexus acts an effective MGA following at all times applicable reinsurance claims standards and adherence to contractual delegated authorities and service level agreements
- Identify process improvements to be reviewed and approved by Chief Claims Officer, US, and President of NexusRe, amongst others
- Manage international claims processing unit and provide training, as appropriate
- Adhere to Nexus policies
- Refer any matter beyond the level of an individual’s experience or authority to their line manager
- Complete a minimum of 15 hours of continuous professional development annually
- Other duties as assigned
Skills & Experience to Be Successful:
10+ years of demonstrated ability handling A&H and/or P&C reinsurance claims
In-depth understanding of coverage issues, policy forms, reinsurance contracts, and regulatory requirements for A&H reinsurance claims
Computer literacy with strong skills in Outlook, Word, Excel and PowerPoint
Strong interpersonal abilities
Strong analytical and problem-solving skills, ability to quickly understand the nature of claims notified and the factors impacting potential losses
Outstanding communications and presentation skills
Strong financial analysis skills and an investigative, detail-conscious mind set
A good team player, capable of operating effectively in a small team environment and with a work ethic and style that are consistent with the company’s values
Pay Range
$125,000 - $150,000 AnnualThe pay range provided above is made in good faith and based on our lowest and highest annual salary or hourly rate paid for the role and takes into account years of experience required, geography, and/or budget for the role.
Teammate Benefits & Total Well-Being
We go beyond standard benefits, focusing on the total well-being of our teammates, including:
- Health Benefits: Medical/Rx, Dental, Vision, Life Insurance, Disability Insurance
- Financial Benefits: ESPP; 401k; Student Loan Assistance; Tuition Reimbursement
- Mental Health & Wellness: Free Mental Health & Enhanced Advocacy Services
- Beyond Benefits: Paid Time Off, Holidays, Preferred Partner Discounts and more.
Not reflective of all benefits. Enrollment waiting periods or eligibility criteria may apply to certain benefits. Benefit details and offerings may vary for subsidiary entities or in specific geographic locations.
The Power To Be Yourself
As an Equal Opportunity Employer, we are committed to fostering an inclusive environment comprised of people from all backgrounds, with a variety of experiences and perspectives, guided by our Diversity, Inclusion & Belonging (DIB) motto, “The Power to Be Yourself”.
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What We Do
Brown & Brown Insurance provides risk management solutions to help protect what our customers value most. Our four business segments offer insurance products and services to businesses and individuals. Our culture is built on integrity, innovation, superior capabilities, and discipline. We view insurance differently and use our experience, carrier relationships, and principled customer focus to deliver first-class service and solutions. Becoming a Brown & Brown teammate introduces you to a career with virtually unlimited possibilities. We think of ourselves as a team, so we have teammates—not employees. We strive to attract people who are competitive, driven, and disciplined. Our unique company culture of meritocracy rewards self-starters and those committed to doing what is best for our customers. We are proud to be certified as a Great Place to Work ®. Brown & Brown has demonstrated a Culture of Caring through dedication to the people and communities we serve. With more than 11,000 teammates in over 300 locations across the US, Canada, Ireland, the UK, Bermuda, and the Cayman Islands, we actively support numerous organizations in the local communities in which we live, work, and play. With a long-standing history of proven success, Brown & Brown is one of the insurance industry’s most powerful and influential leaders, ranked as the fifth-largest brokerage in the US and sixth in the world. You can find us on the NYSE as BRO.
