Reinsurance Claims Lead

This is your opportunity to join AXIS Capital - a trusted global provider of specialty lines insurance and reinsurance. We stand apart for our outstanding client service, intelligent risk taking and superior risk adjusted returns for our shareholders. We also proudly maintain an entrepreneurial, disciplined and ethical corporate culture. As a member of AXIS, you join a team that is among the best in the industry.

At AXIS, we believe that we are only as strong as our people. We strive to create an inclusive and welcoming culture where employees of all backgrounds and from all walks of life feel comfortable and empowered to be themselves. This means that we bring our whole selves to work.

All qualified applicants will receive consideration for employment without regard to race, color, religion or creed, sex, pregnancy, sexual orientation, gender identity or expression, national origin or ancestry, citizenship, physical or mental disability, age, marital status, civil union status, family or parental status, or any other characteristic protected by law. Accommodation is available upon request for candidates taking part in the selection process.

Reinsurance Claim Lead Job Description
Job Family Grouping: Reinsurance Claims
Job Family: Claims

The Casualty Reinsurance Claims Lead is a key contributor to the reinsurance team at AXIS.

Working in a globalized customer focused, professional reinsurance claims organization, you will support the department goals of providing best in class, professional internal and external client service through efficient and effective reinsurance claims handling and customer support as needed. As a Reinsurance Claims Lead, you will proactively manage a diverse and interesting portfolio of casualty reinsurance claims manage a team of reinsurance claims professionals working in the various casualty lines of business, including for example Professional Liability, General Liability, Casualty, Marine and Surety, to provide best in class service to our internal and external customers.

How does this role contribute to our collective success?

The Casualty Reinsurance Claims Lead is knowledgeable in various casualty insurance and reinsurance products; will be adept at reviewing reinsurance claims against our treaties and managing and consulting on complex reinsurance claims and related reinsurance application scenarios to protect the assets of AXIS and ensure we all reinsurance claims are properly presented and paid as quickly and efficiently as possible, while maintaining accurate records and providing high quality service to both our internal colleagues and external business partners and cedents.

What will you do in this role?

As a Lead Reinsurance Claims professional, you are responsible to:

* Proactively manage a team that handles casualty reinsurance claims from notification through closure, ensuring each gets the necessary level of investigation, depending on the nature and value of it, including but not limited to analysis and determination of eligibility of claims, verifying claims are correctly ceded to the correct contract and year and verifying proper policy and treaty provisions and limits are applied.
* Ensure that your assigned casualty reinsurance claims team is establishing appropriate reserves in a timely manner, including consideration of additional case reserves when appropriate.
* Effectively use available claims data reporting, including developing any reports necessary to ensure optimal workload distribution and quality claim service.
* Monitor reinsurance claims Key Performance Indicators for your assigned casualty reinsurance claims team on a weekly, monthly, and quarterly bases to ensure all members are actively managing their portfolio of claims work, accurately documenting the claims files and are in compliance with internal and external service levels.
* Review larger and more complex claims against the governing reinsurance treaty to determine the nature of loss, coverage, applicable law and identify when payment is due or effectively communicate when it is not.
* Serve as a resource and provide advice to casualty reinsurance claim professionals and AXIS Re team members on technical claim matters including but not limited to coverage analysis, application of reinsurance treaty terms and conditions, appropriate aggregation and allocation of reinsured losses, identification of emerging trends, and other claims related matters
* Manage the team's Cedent claim audit process including participating in and supervising team members' participation in claim audits planning meetings and both on sire and remote claim audits as well as meetings with underwriters, actuaries, brokers/cedents as appropriate. Ensure audit reports are clearly written, timely and accurate. Travel may be required to conduct claim audits for assigned portfolio of cedents.
* Negotiate and resolve claims directly with cedents or brokers and provide support and development opportunities for less experienced reinsurance claims team members in doing the same.
* Engage with cedents, brokers and 3rd party vendors, to identify opportunities to assist in mitigation of claims experience.
* Identify developing trends and anomalies in the casualty book of claims and recommend appropriate strategies which could include changes to procedures, cost containment strategies, and client or peer education presentations, among other strategies.
* Promptly communicate pertinent loss development and emerging trend information with AXIS Re colleagues in underwriting, account management, and actuarial.
* Proactively manage team resources. Continuously review workloads, procedures and processes to ensure optimal efficiency and customer service. Identify opportunities for process improvements and escalate recommended solutions to management.
* Engage in department and company initiatives and discussions.
* May be asked to prepare presentations for clients, brokers or AXIS colleagues as appropriate from time to time.
* Build strategic relationships in the industry to support informed and best in class reinsurance claims handling.
* Participate in professional associations/professional development activities and industry conferences to gain expertise, industry information and insights, to share with AXIS colleagues and develop a network of peers.

You may also be required to take on additional duties, responsibilities and activities appropriate to the nature of this role.

About You:

We encourage you to bring your own experience and expertise to the table, so while there are some qualifications and experiences, we need you to have, we are open to discussing how your individual knowledge might lend itself to fulfilling this role and help us achieve our goals.

What you need to have:

* Bachelor's Degree or equivalent experience in insurance or reinsurance.
* 5+ years experience with casualty lines of business including at least Professional Liability, General Liability, Casualty, Marine and or Surety.
* A firm understanding of insurance and reinsurance terminology, including familiarity with various lines of casualty business, insurance coverage and reinsurance treaty types.
* The ability to evaluate insurance claims and exposures for proper reserving under a reinsurance program.
* A thorough understanding of common reinsurance contract terms and conditions, including the scope of business covered, common exclusions, aggregate and treaty limits, retentions, application of annual aggregate deductibles, and the impact of these terms and original policy conditions on each claim.
* Strong written and verbal communication skills. Ability to communicate with brokers and cedents in a timely and concise manner.
* Competent negotiation skills
* High standard of professional ethics and integrity
* Strategic thinking and vision
* Emotional Intelligence
* Motivational skills
* Strong analytical, problem solving and organizational skills.
* Proficiency in Microsoft suite including Word, Excel and Power BI skills

What we prefer you to have:

* A law degree
* Experience in insurance or reinsurance contract interpretation and dispute management.
* Prior experience as a reinsurance claims analyst.

Salary range anticipated 150-240K.