AVP, Senior Claims Analyst

RenaissanceRe is a leading writer of Property & Casualty Reinsurance. For over 25 years, we have helped customers and communities recover and build resilience through our industry-leading ability to understand risk, source efficient capital and rapidly pay claims.

Our global team shares a passion for solving our customers’ biggest problems through a collaborative and entrepreneurial culture that empowers employees and rewards creative thinking.

POSITION SUMMARY: 

The AVP, Senior Claims Analyst is responsible for, but not limited to analysing, and processing claims under the applicable (re)insurance contracts, performing claims audits, providing analysis to underwriters and reserving actuaries, and participate in and lead collaborative projects in support of other areas of the company, including finance, actuarial, operations and technology. This role will lead/support with the preparation of management reporting on respective claims activities. In addition, the AVP, Senior Claims Analyst supports the Underwriters on any claims related interactions with cedents and brokers.  

PRINCIPAL ACCOUNTABILITIES: 

• Actively handle claims arising from a variety of classes of business including Casualty, Specialty and Property, with a focus on moderate to highly complex matters. 

• Investigate, handle and seek to resolve all claims in accordance with company standards and procedures. 

• Build and maintain relationships with key brokers and internal and external stakeholders. 

• Ensure claims systems are kept up to date in a timely manner. 

• Promote compliance with best practice for all aspects of claims management. 

• Support with developing (re)insurance knowledge within team. 

• Actively participate in renewal meetings with Underwriters as required. 

• Provide feedback to Underwriters from a Claims perspective. 

• Participate in client visits and audits as required. 

• Represent the company at market meetings and on market committees and attend company sponsored training events. 

• Ensures all handled claims are properly processed and reserved. Ensures alignment and compliance with Global reserving practices and strategy. 

• Lead claims audits. 

• Support with evaluating, training, advising, and mentoring the claims staff and providing technical expertise to the claims and underwriting process that will enable underwriters and actuaries to better assess and rate their contracts and submissions. 

Strategic Projects 

• Seeks outs and explores new opportunities for process improvement and enhancement at the local level and propose solutions to improve the efficiency of the functional area. 

EXPECTED COMPETENCIES: 

• A university degree preferred, or comparable relevant experience. 

• A professional qualification preferrable (ACII or similar). 

• At least 5 to 8 years prior relevant industry experience 

• Fully proficient, has in-depth knowledge, works independently on moderate to highly complex insurance/reinsurance coverage matters. 

• Familiarity with and ability to conduct client claim audits independently including all pre and post audit activities, feedback and reports.