Client Reinsurance Ops - Chicago, United States - BMS Re

Description

Client Reinsurance Ops - Accounting & Claims - Assistant Vice President

Dallas, TX, USA Philadelphia, PA, USA Chicago, IL, USA 7650 Edinborough Way, Minneapolis, MN 55435, USA
Job Description

Posted Wednesday, February 21, 2024 at 6:00 AM
About BMS

BMS Group is a dynamic, independent global broker established in 1980, delivering specialist insurance, reinsurance, and capital markets advisory services.

Our purpose is to help people, businesses and communities flourish and prosper in a world of risk.

As a global brand with offices located across the US, Canada, Latin America, Australia, Europe and Asia, BMS Group maintains a strong local focus and understanding of market needs.

Being independent gives our brokers the freedom to deliver the best solutions and combined with our collaborative team approach, single platform worldwide and renowned personal service, we are the independent broker of choice.

This position will work for BMS Re, the specialist reinsurance arm of BMS Group.

BMS Re is reshaping reinsurance by aligning interests with our clients and enhancing their success with advice and delivery models that service their unique needs.

BMS Re has a proven ability to execute in reinsurance and capital markets worldwide.
For more information on BMS and BMS Re, visit us online at or follow us onLinkedIn.
Find out what it's like to work at BMS Re by clicking

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Position Overview

:

As an Assistant Vice President of Accounting and Claims

you will

act as a consultant and advisor to sales teams, clients and reinsurers on a variety of reinsurance accounting and claim issues.

Develop creative solutions to enhance client service and implement processes and procedures to improve consistency and drive efficiencies.

Manage large accounts to facilitate reinsurance accounting & claims activity and provide technical reinsurance expertise.

Assist Managerwith strategy development and teammateswith training and problem solving.
How you will add value?
Serve as Account Manager on large or complex accounts and manage relationship between ceding companies and reinsurers. Facilitate work stream with team members to ensure daily tasks for client are completed timely.


Work steam to include:
Reviewing and understanding terms of reinsurance contracts and program structures.
Timely receipt and transmittal of accounts, adjustments and premium transactions including collection of funds and disbursement to clients/reinsurers.
Prompt evaluation and processing of reinsurance claims in accordance with contract language and company standards.
Managing collection of funds, queries, and outstanding issues between reinsurers and ceding companies until resolution. Conduct timely and regular claim follow-ups.
Evaluating clients' potential unauthorized reinsurance penalties and obtain funding of reserves from unauthorized reinsurers.
Produce and respond to written/verbal communications effectively and appropriately within company standards.

Travel to client and reinsurer offices as needed to support sales teams and BMS operating units to enhance client relationships.

Assist with coordination of client on boarding, integration, and data transfers.

Communicate with various technical managers and personnel:
IT, Contract Writing, Compliance/Audit, Finance, Legal, Actuarial and HR.
Be a technical reinsurance resource for Analysts and Senior Analysts and assist with training.
Work with team to develop and implement procedures and training programs for BMS operating and production units and clients.
Adapt quickly to rapidly changing technologies and systems.
Work with team to create effective and efficient processes and solutions.
Work with team to ensure system conversions flow smoothly.
Assume and perform specialized functions and special projects as requested.
Willingness to attend classes, trainings, and conferences to learn new skills.
Focused on the client relationship & safeguarding the overall success of the BMS team

We are looking for someone with:

A Bachelor's degree (B.A./B.S.) from a four year college or university or equivalent preferably in Accounting, Finance, Math, Economics or other similarly quantitative or analytically oriented major.

Five or more years reinsurance experience at Analyst level (or above) or significant experience in insurance/reinsurance claims or accounting operations.

The ability to communicate clearly and effectively (both written and verbal)
The ability to effectively interact with all levels of employees with good interpersonal and relationship management skills
Organizational abilities, ability to meet deadlines with attention to detail
Analytical, problem-solving capabilities with strong attention to detail
Forward thinker and planner; proactive and uses initiative
Adapts and responds well to change and pressure
What's in it for me?
This role offers a competitive salary and exceptional benefits, including the following offerings:

comprehensive medical and dental plan options for you and your dependents
vision, short-and long-term disability and life insurance options
401(k) with company match
employer funded health saving accounts
identity theft and legal services
fitness and wellness reimbursement
generous leave policies, including parental leave
paid holidays, volunteer days and your birthday off
opportunity to purchase equity

The annual base salary range provided for this position is a nationwide marker range and represents a broad range of salaries for this role across the country.

The actual salary advanced to the desired candidate will be based on a number of factors, including geographic location and the skills, education, training, credentials, and experience of the desired candidate.

Employment Practices
BMS is an Equal Opportunity Employer.

Through our Diversity, Equity and Inclusion (DEI) vision, we are committed to 'building a culture of belonging for all, valuing diverse perspectives and embracing authenticity.' As such, we have created our 'BMS Together' program, with dedicated training, collaborative committees and intentional partnerships.

BMS offers flexible and hybrid working policies and we're happy to discuss options with you upon application. Please let our team know if you require any adjustments to support you through the application process.
7650 Edinborough Way, Minneapolis, MN 55435, USA

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