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Reinsurance Claims Associate

Zurich Insurance Company Ltd.Schaumburg, IL

$60,000 - $98,200 / year

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Overview

Schedule
Full-time
Career level
Senior-level
Remote
Hybrid remote
Compensation
$60,000-$98,200/year
Benefits
Health Insurance
Paid Vacation

Job Description

Zurich North America is hiring a Reinsurance Claims Associate to join our team! We are open to hiring talent in the following location: Schaumburg, IL.

Responsible for analyzing reinsurance claims and contracts of varying complexity and all lines of business to identify applicable reinsurance coverage and contractual notice requirements; manages the reinsurance notification and inquiry responses of reinsured claims.

Analyze reinsurance contracts and claims for reinsurance notification purposes. Identify and code reinsurance. Collaborate with claim handlers and the Business Units to prepare reinsurance notifications for reinsurers and brokers. Provide support in updating reinsurance notification and inquiry systems and electronic databases. Respond to and manages reinsurance inquiries within department standards. Ensure prompt and accurate response to reinsurance inquiries in order expedite collection of reinsurance recoverable. Proactively identify reinsurance notification issues, coordinate resolution, and take appropriate corrective action. Coordinate, review, or monitor outsourced reinsurance claim notification and/or inquiry processes. Assist in the monthly and quarterly review of the work performed by the team. Propose department metrics for the tasks performed by the team.

  • Extended Hours during Peak Periods, as required
  • Pass Applicable Exam/Licensing, as required
  • Regular Predictable Attendance

Basic Qualifications:

  • Bachelors Degree and 1 or more years of experience in the Insurance area

OR

  • High School Diploma or Equivalent and 3 or more years of experience in the Insurance area

OR

  • Zurich Certified Insurance Apprentice including an Associate Degree and 1 or more years of experience in the Insurance area

Preferred Qualifications:

  • Knowledge of reinsurance
  • Microsoft Office experience
  • Strong verbal and written communication skills

Your pay at Zurich is based on your role, location, skills, and experience. We follow local laws to ensure fair compensation. You may also be eligible for bonuses and merit increases. If your expectations are above the listed range, we still encourage you to apply-your unique background matters to us. The proposed Salary range for this position is $60,000.00 - $98,200.00, with short-term incentive bonus eligibility set at 10%.

We offer competitive pay and comprehensive benefits for employees and their families. [Learn more about Total Rewards here.]

Why Zurich?

At Zurich, we value your ideas and experience. We offer growth, inclusion, and a supportive environment-so you can help shape the future of insurance. Zurich North America is a leader in risk management, with over 150 years of expertise and coverage across 25+ industries, including 90% of the Fortune 500.

Join us for a brighter future-for yourself and our customers.

Zurich in North America does not discriminate based on race, ethnicity, color, religion, national origin, sex, gender expression, gender identity, genetic information, age, disability, protected veteran status, marital status, sexual orientation, pregnancy or other characteristics protected by applicable law. Equal Opportunity Employer disability/vets.

Zurich complies with 18 U.S. Code § 1033.

Please note: Zurich does not accept unsolicited CVs from agencies. Preferred vendors should use our Recruiting Agency Portal.

Location(s): AM - Schaumburg

Remote Working: Hybrid

Schedule: Full Time

Employment Sponsorship Offered: No

Linkedin Recruiter Tag: #LI-GR1 #LI-ASSOCIATE #LI-HYBRID

Nearest Major Market: Chicago

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Submit 10x as many applications with less effort than one manual application.

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FAQs About Reinsurance Claims Associate Jobs at Zurich Insurance Company Ltd.

What is the work location for this position at Zurich Insurance Company Ltd.?
This job at Zurich Insurance Company Ltd. is located in Schaumburg, IL, according to the details provided by the employer. Some roles may also include multiple work locations depending on the requirement.
What pay range can candidates expect for this role at Zurich Insurance Company Ltd.?
Candidates can expect a pay range of $60,000 and $98,200 per year.
What employment applies to this position at Zurich Insurance Company Ltd.?
Zurich Insurance Company Ltd. lists this role as a Full-time position.
What experience level is required for this role at Zurich Insurance Company Ltd.?
Zurich Insurance Company Ltd. is looking for a candidate with "Senior-level" experience level.
What is the process to apply for this position at Zurich Insurance Company Ltd.?
You can apply for this role at Zurich Insurance Company Ltd. either through Sonara's automated application system, which helps you submit applications 10X faster with minimal effort, or by applying manually using the direct link on the job page.