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Accounting & Claims - Assistant Vice President
Bms Re Us - Edina, MN
posted about 2 months ago
About the position
The Assistant Vice President of Accounting and Claims at BMS Re will serve as a consultant and advisor to sales teams, clients, and reinsurers on various reinsurance accounting and claim issues. This role focuses on developing creative solutions to enhance client service, managing large accounts, and providing technical reinsurance expertise. The position involves facilitating processes to improve consistency and drive efficiencies in reinsurance accounting and claims activities.
Responsibilities
- Act as Account Manager on large or complex accounts and manage relationships between ceding companies and reinsurers.
- Facilitate work streams with team members to ensure timely completion of daily tasks for clients.
- Review and understand terms of reinsurance contracts and program structures.
- Ensure timely receipt and transmittal of accounts, adjustments, and premium transactions.
- Evaluate and process reinsurance claims in accordance with contract language and company standards.
- Manage collection of funds, queries, and outstanding issues between reinsurers and ceding companies until resolution.
- Conduct timely and regular claim follow-ups.
- Evaluate clients' potential unauthorized reinsurance penalties and obtain funding of reserves from unauthorized reinsurers.
- Produce and respond to written/verbal communications effectively within company standards.
- Travel to client and reinsurer offices as needed to support sales teams and enhance client relationships.
- Assist with coordination of client onboarding, integration, and data transfers.
- Communicate with various technical managers and personnel across departments.
- Serve as a technical reinsurance resource for Analysts and Senior Analysts and assist with training.
- Develop and implement procedures and training programs for BMS operating and production units and clients.
- Adapt quickly to rapidly changing technologies and systems.
- Create effective and efficient processes and solutions with the team.
- Ensure smooth system conversions and perform specialized functions and special projects as requested.
Requirements
- Bachelor's degree (B.A./B.S.) in Accounting, Finance, Math, Economics, or a similarly quantitative or analytically oriented major.
- Five or more years of reinsurance experience at Analyst level or above, or significant experience in insurance/reinsurance claims or accounting operations.
- Strong written and verbal communication skills.
- Good interpersonal and relationship management skills.
- Organizational abilities with attention to detail and ability to meet deadlines.
- Analytical and problem-solving capabilities with strong attention to detail.
- Proactive and forward-thinking with the ability to adapt to change and pressure.
Nice-to-haves
- Experience in managing large accounts in reinsurance or insurance sectors.
- Familiarity with reinsurance accounting processes and claims management.
Benefits
- Health savings account
- Paid holidays
- Disability insurance
- Health insurance
- Dental insurance
- Parental leave
- 401(k) matching
- Gym membership
- Life insurance
