Senior Reinsurance Collections Specialist

The RiverStone Group is the preeminent insurance run-off manager in the world and is owned by Fairfax Financial Holdings Limited, a financial services holding company, publicly traded on the Toronto Stock Exchange under the symbol FFH.

• Responsible for collection and resolution of disputed reinsurance recoverable balances for all portfolios. Provides support to Office of General Counsel on Ceded arbitration or litigation.
• Recommend dispute resolution plan to management including any potential dispute provision. Collaborate with Reinsurance Specialist to ensure any approved dispute provision is recorded in the system timely and accurately
• Directly involved in the collection of more complex reinsurance recoverable balances, including providing substantive analysis of claim and reinsurance issues, where necessary.
• Provides training and guidance relative to substantive claim issues to Reinsurance Specialists
• Researches large net balances for potential collectible reinsurance.
• Assists in the management of reinsurer audits for all portfolio’s consistent with prescribed audit protocols
• Continually look for improvements in workflow and procedures and make implementation recommendations to manager.
• Provides support as needed to internal audit inquiries.
• Identifies major changes in incurred and outstanding loss reserves, prepares reports for managerial review and assessment
• Provides support as needed to internal audit inquiries.
• Provides support to commutation team
• Maintains high degree of confidentiality
• Serves on organizational committees or special projects as assigned
• Models and practices RiverStone values

• Understanding of underlying direct claims, including coverage issues and allocation analysis
• Understanding of reinsurance contracts, both treaty and facultative
• Ability to work independently with little supervision
• Must have sound analytical, interpersonal and communication skills (both written and verbal) with the ability to work effectively with reinsurers, peers and management
• Must have sound negotiation skills
• Good organizational skills are required. Must be able to prioritize and handle multiple assignments or projects simultaneously and meets established deadline
• Ability to interview candidates for positions, provide feedback to direct reports and train in a one on one setting or in small groups
• Excellent computer skills and knowledge of database management software (i.e., Access and Outlook) and application software (i.e., MS Word, Excel, and PowerPoint) is required
• High level of competency with reinsurance systems
• Strong mathematical skills

Required Education

• Bachelor’s degree preferred or equivalent work experience

Required Experience

• 4+ years of experience in reinsurance collections and or 4+ years APH claim handler experience