Reinsurance Service Claims Coordinator

Location: Greater London

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London time type:
Full time posted on:
Posted Todayjob requisition :
JR2600261
** Claims Reinsurance Service Coordinator
** Join us to become a Claims expert in our Multinational reinsurance team to take your career to the next level with an international market leader.
** Make your mark in Multinational
** AIG Multinational is an exciting business area within AIG that designs, implements and services bespoke multinational insurance solutions for our global customers, empowering our clients and broker partners to navigate complex cross-border risks with confidence and consistency. AIG Multinational professionals have the diverse skills and expertise necessary to deliver customized, compliant and seamless solutions that support our clients’ risk management objectives.

You can work alongside a dynamic, multi-disciplinary team to explore and deliver new solutions to meet our customers’ global insurance needs.
** How you will create an impact
** This is a fantastic client facing role for an inquisitive, analytical problem solver who wants to progress their career within the insurance industry.  Some of the key responsibilities include:  
• Promote AIG’s Multinational Captive servicing capabilities  
• Build strong working relationships with clients to gain a good technical understanding of client needs, market regulation / complexities and solutions.  
• Partner with Producing Offices to provide technical expertise in understanding program structures from a claims perspective for our global clients.  
• Manage relationships with internal and external stakeholders (producing & issuing offices, captive brokers, clients, reinsurers etc).  
• Participate in client (internal/external) meetings and conference calls.  
• Maintain a professional relationship with all assigned clients (approx. 75 – 100 accounts)   
• Familiarise yourself with, and understand fully, the workflows involved in a multinational program, particularly in relation to the claim flows  
• Develop an understanding of the workflows involved in a multinational program.  
• Prepare and issue loss recoverable billings on a monthly or ad hoc basis within set deadlines  
• Prepare reserve, incurred reports and monitoring per occurrence, and ensure annual aggregate breaches are flagged and adjusted on a monthly or ad hoc basis  
• Collate supporting documentation to issue to the client with the loss billings  
• Review and analyse cash receipts if needed to ensure prompt allocation of cash  
• Classify and explain uncollected items on a monthly basis  
• Follow up on uncollected loss recoverables as required and maintained at an agreed level  
• Escalate delinquent balances to management promptly  
• Ensure required bookings to the claims system are completed and approved  
• Respond to all audit-related queries on the assigned client accounts within required deadlines.  
• Regular monitoring of cash receipts and unallocated cash
** What you’ll need to succeed*
* • Quick and inquisitive learner, who wants to become a subject matter expert  
• Strong analytical and problem-solving skills  
• Good knowledge of MS Excel  
• Experience of working with data and numbers  
• Self-motivated and pro-active, with the ability to prioritise work and meet deadlines  
• Excellent communication and client / customer service skills  
• Experience of producing reports and documentation#LI-AIGAt AIG, we value in-person collaboration as a vital part of our culture, which is why we ask our team members to be primarily in the office. This approach helps us work together effectively and create a supportive, connected environment for our team and clients alike.
** Enjoy benefits that take care of what matters
** At AIG, our people are our greatest asset. We know how important it is to protect and invest in what’s most important to you. That is why we created our Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial security—as well as your professional development—to bring peace of mind to…