POSITION

SALARY

INDUSTRY

LOCATION

TYPE

REF #

OPEN

Insurance

Toronto

Permanent

912281C

POSITION DESCRIPTION

• Manage all aspects of an assumed Excess of Loss (XOL) liability book of $14M.

• Manage reinsurance claims disputes

• Communicate with Reinsurance Brokers and Cedant companies regarding claims issues,  including coverage, denials and reservation of rights.

• Spearhead the creation and implementation of enhanced claims handling procedures  

• Enhance the existing MS access database and implement all necessary improvements that will provide control measures on our liabilities

• Review and analyze Commutation offers received from cedant (insurers) . Prepare commutation proposal packages to minimize exposure and liability to the company

• Review claims and reinsurance agreements and reconcile such values to the system.

• Perform claims audits.
  
   

REQUIREMENTS

• 5- 10 years claims experience (preferably large casualty claims including but not  limited to auto casualty, commercial liability, pollution and sexual abuse, etc.)

• Proficient in the analysis of claims, including knowledge of Canadian and US case law. Some exposure to International claims would be an asset.

• Excellent oral, written and presentation skills. Ability to communicate clearly with Senior Management.

• Excellent analytical and negotiation skills

• CIP or working towards

• Proficient with Microsoft Office (Access, Excel and Word)
  
  Preferred Experience In:

• Commutation of reinsurance contracts

• Reinsurance audits and arbitrations

• The London Market business

• A Reinsurer or an Insurer in the  Reinsurance department would be a definite asset

• ARE designation (associate designation in reinsurance) or working towards