Manager, Ceded Reinsurance Claim

Who Are We?

Taking care of our customers, our communities and each other. That’s the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 160 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.

Job Category

Finance and Accounting

Compensation Overview

The annual base salary range provided for this position is a nationwide market range and represents a broad range of salaries for this role across the country. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. As part of our comprehensive compensation and benefits program, employees are also eligible for performance-based cash incentive awards.

Salary Range

$81,400.00 - $134,400.00

Target Openings

1

What Is the Opportunity?

Are you ready to join a world class organization handling Ceded Reinsurance Claims? Travelers Ceded Reinsurance team is critical to managing risk and ensuring enterprise growth. If you have experience with long-tail claims in the legacy/runoff space and have a passion for research and analysis, this may be a great opportunity for you.

As a Manager in the Ceded Reinsurance Claim Operations department you will provide specific technical expertise on complex reinsurance claims as well as review, analyze and process reinsurance claims. In this role, you will be a valued team contributor helping Travelers and its various business groups meet important financial goals that directly impact the bottom line.

What Will You Do?

• Identify, review and confirm reinsurance coverage for losses, specifically complex claims such as asbestos, environmental (hazardous waste, pollution) and other cumulative injury (eg. abuse, CTE).
• Calculate, analyze and record proper financial results and all losses within company guidelines and issue timely notices, updates, including litigation updates, and billings for losses covered under our reinsurance contracts.
• Consult with internal and external partners to collect reinsurance receivables, independently resolve reinsurer moderate to complex questions, and present solutions and work with manager and attorneys to resolve complex reinsurer disputes.
• Participate in various Ceded Reinsurance /Company projects and initiatives.
• Maintain frequent business unit, broker, and reinsurer contact to communicate service standards and highlight efforts to meet business unit needs and foster long-term relationships.
• Routinely attend reinsurer and broker meetings to address assigned claims/issues.
• Make recommendations to manager on system, procedure and/or workflow enhancements to improve the effectiveness and efficiency of operation.
• Conduct quality assurance audits and make appropriate adjustments.
• Train new team members and/or provide mentoring to less experienced staff.
• Perform other duties as assigned.

What Will Our Ideal Candidate Have?

• Bachelor's degree.
• Thorough understanding of intermediate insurance/reinsurance concepts and relevant issues, particularly as respects the assigned line(s) of business required; thorough understanding of Travelers reinsurance program for assigned line(s) of business.
• Professional designation or working toward professional designation (MBA, JD, ARe, CPCU).
• Strong analytical, problem resolution, organizational and developing negotiations skills with the ability to follow through and influence on projects with agents and brokers.
• Intermediate verbal, written, presentation, and interpersonal skills with the ability to develop and maintain effective working relationships with internal and external partners.
• Demonstrated ability to develop creative solutions to address more complex issues.
• Demonstrated ability to respond quickly to changing priorities.

What is a Must Have?

• Four years of related insurance and/or reinsurance experience.
• Have the ability to travel to meetings with external clients.

What Is in It for You?

• Health Insurance: Employees and their eligible family members – including spouses, domestic partners, and children – are eligible for coverage from the first day of employment.
• Retirement: Travelers matches your 401(k) contributions dollar-for-dollar up to your first 5% of eligible pay, subject to an annual maximum. If you have student loan debt, you can enroll