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Client Reinsurance Ops - Accounting & Claims - Vice President

Company: North State
Location: Philadelphia
Posted on: September 24, 2022

Job Description:

Friday, August 26, 2022 BMS is an innovative independent specialist that provides comprehensive solutions for reinsurance, wholesale and direct insurance. We are reshaping Reinsurance through BMS Re by aligning our interests with our clients and enhancing their success by delivering solutions and advice that serve their unique needs.For more information on BMS, visit us athttps://www.bmsgroup.comor follow us on LinkedIn and Twitter. As a 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 enhanceclient service and implement processes and procedures to improve consistency and drive efficiencies. Manage large accounts to facilitate reinsurance accounting & claims activity and provide technical reinsuranceexpertise. 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 of equivalent preferably in Accounting, Finance, Math, Economics or other similarly quantitative or analytically oriented major.
    • Seven 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 Why BMS? We offer a competitive salary and comprehensive benefits package including: 401k, paid time off, medical, dental, vision, life insurance, long and short-term disability, volunteer days, annual physical and wellness incentives, and matching charitable gift giving. *Applicants must be authorized to work for ANY employer in the US. We are unable to sponsor or take over sponsorship of employment Visa at this time.We are an equal opportunity employer.
      • Job Start Date Monday, September 19, 2022

Keywords: North State, Philadelphia , Client Reinsurance Ops - Accounting & Claims - Vice President, Executive , Philadelphia, Pennsylvania

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