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Claims Administration Specialist
2 months ago
We are seeking a highly skilled Claims Administration Specialist to join our team at Reinsurance Group of America Inc. in London. As a Claims Administration Specialist, you will play a critical role in ensuring the timely and accurate administration of reinsurance claims for our clients.
Key Responsibilities- Claims Administration
- Ensure that the company's claims administration standards and time service requirements are applied to the handling of all business received, including claims notifications and settlements.
- Ensure that the claims administration for all business accounts adheres to RGA treaties.
- Provide claims administration data for input into accounting records, valuation systems, and regulatory returns for your specific client responsibility.
- Ensure claims administration data is provided to retrocession clients, including International Retro Pool, in a timely and accurate manner.
- Document claims administration processes and procedures.
- Gain a good working knowledge of reinsurance practices and specific RGA treaty practices as they pertain to the management and handling of transfer of risk.
- Ensure that claims are administered appropriately through the RGA chain of companies, external retro companies, and the International Retro Pool.
- Management Information
- Ensure monthly, quarterly, and annual claims reporting is carried out in a timely and accurate manner.
- Provide data for claims audits as and when required.
- Provide data for any ad hoc claims data requests.
- Provide data for quarterly valuation claims reporting.
- Interactions
- Report to the Raptor Team Lead, CE & ME, and work closely with other members of the Claims Administration (Raptor) CE & ME team.
- Work closely with other RGA EMEA Claims Teams as and when appropriate.
- Experience of working in a similar role.
- Strong IT skills with a good understanding of MS Excel.
- Understanding of the concept of Reinsurance and the risk factors affecting RGA.
- Effective interpersonal skills with the ability to interact with employees at all levels and across different departments.
- Ability to focus on priorities, targets, and deadlines.
- Proactive team player who can also work on own initiative.
- Ability to contribute to the team building spirit within the company.
- Financial support with reference to Qualifications and Learning and Development Courses.
- Pension Package.
- Private Medical Insurance.
- Life Assurance.
Reinsurance Group of America Inc. is one of the largest global life and health reinsurance companies in the world. With operations in 26 countries, we are the only global reinsurance company to focus primarily on life and health related reinsurance solutions.
Our core products and services include life reinsurance, living benefits reinsurance, group reinsurance, health reinsurance, financial solutions, facultative underwriting, and product development.
