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Tim Brooks
Reinsurance Claim Analyst
Summary
Highly adept Reinsurance Claim Analyst with 5+ years of experience in assessing, processing, and negotiating reinsurance claims. Proven ability to analyze complex reinsurance contracts, interpret underwriting guidelines, and leverage industry knowledge to optimize recoveries. Expertise in financial reporting, compliance, and claims data analysis. Collaborated with underwriting teams to assess risk, identify potential reinsurance needs, and develop tailored reinsurance programs.
Education
Bachelor’s degree in Insurance, Finance, Mathematics
May 2015
Skills
- Reinsurance Treaty Analysis
- Underwriting Guidelines Interpretation
- Loss Exposure Assessment
- Catastrophe Modeling
- Financial Reporting and Compliance
- Claims Data Analysis
Work Experience
Reinsurance Claim Analyst
- Collaborated with underwriting teams to assess risk, identify potential reinsurance needs, and develop tailored reinsurance programs
- Developed and implemented claims reporting procedures, ensuring compliance with regulatory requirements and internal guidelines
- Provided technical expertise to underwriters, brokers, and cedants on reinsurancerelated matters
- Analyzed reinsurance market trends and identified opportunities for optimization
Reinsurance Claim Analyst
- Assessed and processed reinsurance claims, analyzing complex reinsurance contracts to determine coverage and liability
- Prepared and submitted claim settlements, coordinating with reinsurers and cedants to ensure timely resolution
- Negotiated claim settlements, leveraging industry knowledge and data analysis to optimize recoveries
- Audited reinsurance claims, verifying coverage, assessing reserves, and recommending appropriate adjustments
Accomplishments
- Successfully negotiated a multimillion dollar settlement in a complex reinsurance claim, saving the insurer a significant amount of capital.
- Developed and implemented an innovative claims review process that reduced claim processing time by 20%.
- Established a strong working relationship with a reinsurer, resulting in improved claim recovery and faster settlements.
- Managed a team of 5 claim analysts, providing guidance and support in resolving complex claims efficiently.
- Consistently exceeded productivity targets by handling over 100 claims per month with accuracy and highquality results.
Awards
- Recipient of the Reinsurance Claims Excellence Award for outstanding performance in claim handling and recovery.
- Recognition for handling a record number of claims within a fiscal year, exceeding performance targets by 25%.
- Honored with the Reinsurance Claim Analyst of the Year Award for exceptional contributions to the industry.
- Received the Presidents Circle Award for consistently surpassing sales goals and providing exceptional customer service.
Certificates
- Associate in Reinsurance (ARe)
- Fellowship in Reinsurance (FRE)
- Certified Reinsurance Professional (CRP)
- Associate in Claims (AIC)
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How To Write Resume For Reinsurance Claim Analyst
Highlight your analytical skills
: Reinsurance Claim Analysts must be able to analyze complex reinsurance contracts and claims data.Demonstrate your knowledge of the reinsurance industry
: This includes an understanding of reinsurance treaties, underwriting guidelines, and claims handling procedures.Showcase your communication and negotiation skills
: You will need to be able to communicate effectively with reinsurers, cedants, and other stakeholders.Emphasize your commitment to accuracy and detail
: Reinsurance Claim Analysts must be able to review and analyze large amounts of data accurately.
Essential Experience Highlights for a Strong Reinsurance Claim Analyst Resume
- Assessed and processed reinsurance claims, determining coverage and liability based on complex reinsurance contracts.
- Prepared and submitted claim settlements, coordinating with reinsurers and cedants to ensure timely resolution.
- Negotiated claim settlements, leveraging industry knowledge and data analysis to optimize recoveries.
- Audited reinsurance claims, verifying coverage, assessing reserves, and recommending appropriate adjustments.
- Collaborated with underwriting teams to assess risk, identify potential reinsurance needs, and develop tailored reinsurance programs.
- Developed and implemented claims reporting procedures, ensuring compliance with regulatory requirements and internal guidelines.
- Provided technical expertise to underwriters, brokers, and cedants on reinsurance-related matters.
Frequently Asked Questions (FAQ’s) For Reinsurance Claim Analyst
What are the key responsibilities of a Reinsurance Claim Analyst?
Reinsurance Claim Analysts are responsible for assessing, processing, and negotiating reinsurance claims. They also work with underwriting teams to assess risk and develop reinsurance programs.
What qualifications are needed to become a Reinsurance Claim Analyst?
A Bachelor’s degree in Insurance, Finance, Mathematics, or a related field is required. Experience in the reinsurance industry is also preferred.
What skills are important for a Reinsurance Claim Analyst?
Reinsurance Claim Analysts must have strong analytical, communication, and negotiation skills. They must also be able to work independently and as part of a team.
What is the career outlook for Reinsurance Claim Analysts?
The career outlook for Reinsurance Claim Analysts is expected to be good over the next few years. The demand for reinsurance is increasing, and this is expected to lead to an increase in the number of Reinsurance Claim Analysts needed.
What is the salary range for Reinsurance Claim Analysts?
The salary range for Reinsurance Claim Analysts can vary depending on experience and location. However, the average salary for Reinsurance Claim Analysts is around $80,000 per year.