Property and Casualty Claims Specialist

Shape Your Future With Us

General Re Corporation, a subsidiary of Berkshire Hathaway Inc., is a holding company for global reinsurance and related operations, with more than 2,000 employees worldwide. It owns General Reinsurance Corporation and General Reinsurance AG, which conducts business as Gen Re.

Gen Re delivers reinsurance solutions to the Life/Health and Property/Casualty insurance industries. Represented in all major reinsurance markets through a network of 38 offices, we have earned superior financial strength ratings from each of the major rating agencies.

Gen Re currently offers an excellent opportunity for a Property and Casualty Claims Specialist to work in North America P&C Operations based in our Stamford office. This is a hybrid role.

Role Description

As an integral part of PCNA Operations the P&C Claims Specialist serves as a key connector between the client and the Gen Re Claim Executives. The role, focusing on Property and Casualty claims, encompasses a wide range of activities, including reviewing client submissions for potential claim reimbursement, system input, scheduling payments and data analysis and reconciliation.

We are seeking a candidate with a minimum 5 years of experience in processing claims. The ideal candidate will work well independently, but also enjoys working as a part of our team. Position responsibilities include the following:

• Review incoming claim documents to identify appropriate Treaty and/or Facultative reinsurance coverage. Creation of the claim; processing loss/expense payments, updating loss/expense reserves, monitoring annual aggregates, and reinstatement calculations within the GRC systems.
• Maintain the electronic claim file in compliance with documented and agreed claims procedures and corporate retention policies.
• Collaborate daily with the Gen Re Claims Department and other internal clients, such as Underwriting, Marketing and Senior Management as needed.
• Communicate with ceding companies to request additional claim information, notify appropriate contacts of claim payments and reconcile accounts as needed.
• Manage high volume of transactions in compliance with department standards.
• Identify and escalate important issues to Department Management and other applicable stakeholders.
• Suggest potential improvements to claims processes.

Role Qualifications and Experience

• Interpret reinsurance agreements to identify potential coverage.
• Excellent problem-solving, organizational, and math/ accounting skills.
• Proficient in Microsoft Excel, Word, and Outlook. Experience in Power BI a plus.
• Competent in SAP (FS-RI) or other claims processing programs.
• Manage multiple tasks simultaneously (work queues, etc.) within tight timeframes.
• Strong written and oral communication skills.
• Work effectively with all levels of management.
• Use personal initiative to work independently with limited supervision.
• Willingness to engage in new activities beyond claims processing, such as system conversions and client reconciliations.
• Enjoys collaborative team environments and learning new challenges.
• Identify potential improvements to claims processes.
• Minimum of 5 years of experience in processing reinsurance claims, with a preference for individuals with Property and Casualty experience.
• Familiar with reinsurance/insurance claim terminology.
• Experience handling a large volume of claims (average 300 transactions per month.)
• College education or 3 – 5 years equivalent experience.

Salary Range

91,000.00 - 152,000.00 USD

The annual base salary range posted represents a broad range of salaries around the US and is subject to many factors including but not limited to credentials, education, experience, geographic location, job responsibilities, performance, skills and/or training.

Our Address

General Reinsurance Corporation
400 Atlantic Street, 9th Floor
Stamford, CT 06901 (US)

At General Re Corporation, we celebrate diversity and are committed to creating an inclusive environment for all employees. It is the General Re Corporation's continuing policy to afford equal employment opportunity to all employees and applicants for employment without regard to race, color, sex (including childbirth or related medical conditions), religion, national origin or ancestry, age, past or present disability , marital status, liability for service in the armed forces, veterans' status, citizenship, sexual orientation, gender identity, or any other characteristic protected by applicable law. In addition, Gen Re provides reasonable accommodation for qualified individuals with disabilities in accordance with the Americans with Disabilities Act.