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Senior Specialist- Reinsurance Claims

5.00 to 7.00 Years   Gurugram   19 Jun, 2021
AXA XL
Job LocationGurugram
EducationNot Mentioned
SalaryNot Disclosed
IndustryInsurance
Functional AreaGeneral / Other Software
EmploymentTypeFull-time

Job Description

*What will your essential responsibilities include

  • Work as Claim assistant on Assumed Reinsurance Claims for multiple regions
(primarily on AXAXL India business)
  • Liaise with Indian market Insurance regulators and Brokers / Cedents independently, represent AXAXL reinsurance Claims and build relationship with all the clients
  • Lead regulatory audits and work with different parties involved in the audit to fulfill all the compliance requirements
  • Proactively work with participating cedents to understand the probable large losses to the risks covered by the AXAXL
  • Review Claims up to a limit as per agreed guidelines and perform end to end processing
  • Identify improvement opportunities and implement changes to streamline the overall process
  • Should be a subject matter expert o,n Reinsurance various lines of businesses which may include - Workers comp/EL, General Liability, Prof Liability, Professional Indemnity/E&O, D&O Liability, Auto/Motor Liability & Property etc.,
  • Good knowledge of P&C Re/insurance process life cycle with proficiency on reinsurance loss calculations, reserving and loss ledgers mgmt.
  • Assist Account Managers on further decisions regarding Claims settlement/closure or reserves
  • Summarize detailed Claim s documents received from the Broker/ceding companies and update AXA XL Claims systems
  • Claim & Premium Bordereaux processing and facilitate payments through designated Banks
  • Ensure quick response to any queries from the Claims Mangers or Brokers/Cedents
  • Accountable for the complete Claim life cycle from setting up a new Claim to its closure
  • Meet set processing SLA / targets
  • Ensure Claims are processed right first time
  • Ensure all the process documents are managed and updated real time
  • Support on Reinsurance system testing as and when required
, *We re looking for the individual to have following abilities and skills:
  • Graduate / Postgraduate with 5 to 7 years experience within Re/insurance industry
  • Team handling skills/experience good to have but not mandate, ability to manage team along with supporting the team as SME
  • Positive, innovative and make it better mindset to bring operational efficiencies
  • proficient in MS-Excel and PowerPoint is required support segment KPI and management reporting
  • Self-starter who is solution orientated and has the ability to work within a team environment
  • Independently develops, communicates and oversees the execution of solutions to resolve issues persistent within the portfolio
  • Strong written and verbal communication and interpersonal skills to work effectively with internal clients and customers
  • Organized with the ability to sort multiple priorities, meet tight deadlines and detail orientated
  • Ability to use initiative in day to day activities to resolve issues or flag to management for review
  • Willing to travel and visit other AXAXL offices and clients within India.

Keyskills :
active directorytroubleshootingenvironmentwindowsslalife cyclesystem testingwork effectivelyregulatory auditsmanagement reporting

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