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Zurich NA Reinsurance Claims Analyst in Schaumburg, Illinois

Reinsurance Claims Analyst


Zurich American Insurance Company (a division of Zurich North America) is currently hiring a Reinsurance Claims Analyst and this person will report to a Manager within Group Reinsurance. This person will work in our Schaumburg, IL North America Headquarters.

This position is within Zurich's Group Reinsurance (Group Re) function; a global function. The North American Group Reinsurance hub function manages $21 billion in reinsurance recoverables, $16 billion of assumed and ceded premiums and has the fiduciary responsibility for reinsurance collateral of approximately $22 billion.

The Reinsurance Claims Analyst analyzes and performs intermediate to complex reinsurance transactions and financial reporting ensuring compliance with terms and conditions of the reinsurance agreements and department standards. Key responsibilities include reviewing coverage for facultative claims and establishing reinsurance layoff information in reinsurance system, applying direct claim information and calculating reinsurance cessions, compiling billings for assigned reinsured claims, addressing inquiries, pursuing collections and applying cash.

Basic Qualifications:

  • Bachelor’s Degree and No prior experience required in the Reinsurance areaOR

  • High School Diploma or Equivalent and 2 or more years of experience in the Reinsurance area

Preferred Qualifications:

  • Insurance industry experience

  • Intermediate knowledge of reinsurance contracts

  • Basic knowledge of facultative reinsurance

  • Ability to calculate reinsurance positions on complex reinsurance structures

  • Basic knowledge of property claims and property coverages

  • Comfortable speaking with underwriters and senior level claims personnel

  • Intermediate knowledge of reinsurance claim recoverable process

  • Intermediate Microsoft Office skills

  • Technology experience related to one or more of the following areas: General ledger, financial reporting systems, Business Objects or other query tools

  • Strong verbal and written communication skills

Imagine working for a company that truly cares about their employees, customers, stakeholders, and communities they serve. Imagine working for a values-driven organization that has the ambition and desire to be the best global insurance provider in the world.

Zurich is that place where 55,000 employees across approximately 200 countries and territories are all focused on helping people and helping companies protect what is truly most important to them. We are a values-driven organization that takes pride in the work that we do every day and we have the ambition to be the best global insurer in the world.

EOE disability/vets

Zurich does not accept unsolicited resumes from search firms or employment agencies. Any unsolicited resume will become the property of Zurich American Insurance. If you are a preferred vendor, please use our Recruiting Agency Portal for resume submission.

Primary Location: United States-Illinois-Schaumburg

Schedule Full-time

Travel No

Relocation Available No

Job Posting 06/30/20

Unposting Date Ongoing

Req ID: 200003WN

It is the Policy of Zurich in North America, as an equal opportunity employer, to attract and retain the best-qualified individuals available, without regard to race/ethnicity, color, religion, gender expression, genetic information, national origin, sex, gender identity, sexual orientation, marital status, age, disability or protected veteran status.