Contract Analyst - Ace Group

Analyzes client facultative and treaty reinsurance contracts for review and entry into on-line systems.  Analyzes contracts and identifies terms, conditions, exclusions, and other attachment criteria at an advanced level.  Constructs reinsurance profiles for policies involved in environmental, asbestos or other long-tail exposures. Reconcile accounting open balances monthly to ensure aging balances are resolved. Process facultative ceded premium into the reinsurance system.  

Under the direct supervision of the Reinsurance Contracts Assistant Vice President. Operates within Chubb policies and procedures, and service agreement parameters.

RESPONSIBILITIES:

• Using established procedures, determines facultative and treaty reinsurance using records obtained from business units.  Enters contract information into on-line system timely. Verifies system entry with certificate terms and conditions.
• Communicates and resolves issues with underwriting organization, business unit and/or reinsurance intermediary impacting accurate and efficient administration of ceded facultative placements.
• Develops reinsurance profiles for environmental, asbestos and other long-tail exposure claims involving multiple policies.  Ensures attachment criteria defined for completed profile are consistent with reinsurance terms described in applicable treaties and certificates.
• Provides suggestions for process improvements; identifies and solves problems, remove barriers to ensure accuracy of unit work product.  Make service and improvement recommendations to business units and management.  Work with other Chubb areas to ensure high level of service to underwriting and claims organizations.
• Works with client underwriting area to secure Reinsurance Certificates on facultative placements.  Requests appropriate facultative and treaty underwriting information in order to properly establish contractual terms in systems.  Identifies and resolves most discrepancies on Facultative Certificates, Notices of Reinsurance, etc.  Independently resolves most discrepancies on complex treaties or facultative programs.
• Understands policy language as it relates to the ceded coverage provided. 
• Participate and manage inter-department projects. 
• Follow guidelines for timely and accurate processing of assigned workflows.  Identify barriers to meeting deadlines and offers suggestions for improvements as needed.
• Obtain underwriting information from internal sources needed to accurately update contracts.
• Process contract change requests from accounting and claim units to maintain accurate contract records.
• Participate in department and company training programs to enhance knowledge of systems, processes and the reinsurance industry customs and practices.  Expand industry knowledge through the pursuit of formal designations such as CPCU, ARe, etc. 
• Review accounting premium records against market statements for accuracy. Communicate and resolve issues with underwriting, business unit and/or reinsurance intermediary. 
• Register facultative ceded premium into reinsurance system timely.  Verifies data received e system is accurate and secures facultative certificates including terms and conditions prior to bookings.
• Index reinsurance support in our archival View system.