Starr Insurance Companies is a leading insurance and investment organization, providing commercial property and casualty insurance, including travel and accident coverage, to almost every imaginable business and industry in virtually every part of the world.
Cornelius Vander Starr established his first insurance company in Shanghai, China in 1919. Today, we are one of the world’s fastest growing insurance organizations, capable of writing in 128 countries on 6 continents.
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:
- 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.
- 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.
- 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.
Requirements:
- Bachelor's degree and 0-2 years of relevant insurance/reinsurance accounting experience
- Strong communication (oral and written) skills
- Ability to multi task
- Knowledge and Proficiency with URS and Microsoft products Excel, Access, etc
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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
Starr is an equal opportunity employer, which means we'll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we're committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.
