Junior Reinsurance Accountant Jobs

Insurance Companies is a global insurance and investment organization providing property and casualty insurance solutions to business and industry, and one of the fastest-growing insurance companies in the world. Our talented and experienced associates manage risk and ultimately support the profitable growth of organizations in a dynamic, competitive and ever-changing marketplace. Join us and become part of our talented and passionate workforce.

Starr Companies is looking to hire a Junior Facultative Reinsurance Accountant for Faculative Collection within their New York home office team.

Duties and Responsibilities:

• Reviewing Executive claim summaries to determine if facultative reinsurance applies and working with Claims department to ensure notices are sent to reinsurers when necessary.
• Providing weekly updates to management for outstanding collections.
• Liaising with Claims, Operations, and Profit Centers to book, bill, and recover ceded facultative reinsurance.
• Maintaining cash applications of facultative contracts to the correct general ledger accounts and accounting periods, contracts, brokers and ultimate reinsurers.
• Review monthly IT reports with an average of approximately 121,000 claims and $2.5 billion incurred which requires review of facultative certificates and claim financials to determine if a recoverable is warranted.

Requirements:

• Strong communication (oral and written) skills
• Knowledge and Proficiency with URS and Microsoft products Excel, Access, etc
• Ability to multi task
• Bachelor's degree and 0-2 years of relevant insurance/reinsurance accounting experience

Except as required by law, Starr requires all applicants and employees to be fully vaccinated in accordance with the CDC guidelines.

#LI-Onsite

For individuals assigned and/or hired to work in New York, Starr Insurance Companies is required by law to include a reasonable estimate of the compensation range for this role. The wage range for this role takes into account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets: experience and training: licensure and certifications: and other business and organizational needs. A reasonable estimate of the current range is $50,000-$75,000