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Senior Account Specialist - Excess of Loss Claims

Company: Marsh & McLennan Companies
Location: Hoboken
Posted on: November 16, 2021

Job Description:

. Unauthorized recruitment communication alert. We are aware there are instances where individuals are receiving job offers that fraudulently allege to be from Marsh McLennan or one of our business units. This type of fraud can be carried out through false websites, or through fake e-mails claiming to be from the company or social media. We never ask for personal information such as your bank account, Social Security numbers or National ID's, via social media or chat-based applications, nor do we send or request payments for the purchase of business related equipment.. If you suspect fraud, please report it to your local authorities immediately.. Senior Account Specialist - Excess of Loss Claims. Location. 121 River Street, Waterfront Corporate Center, Hoboken, NJ 07030-5792, United States of America. Category. Customer Services. Job Id. R_109191. Title: Senior Account Specialist - Excess of Loss Claims. What to expect:. You will be responsible for handling GC's higher profile and more complex client's treaty book of business; verifying complex calculations according to contractual provisions; and processing technical and fiduciary related transactions timely & accurately. You will acting as a coach and mentor responsible for assisting manager with the training and evaluation process of junior staff members within team; providing technical & accounting guidance to colleagues; and regular feedback on employee progress to manager. Assist manager in monitoring and resolving complex aged brokerage receivable and unapplied cash suspense transactions handled within the team.. What you need to have:. 7 to 10 years of related reinsurance industry experience in Excess of Loss Treaty Claims.. Understanding of reinsurance concepts relating to industry practices.. Knowledge of workflows to ensure the technical processing and payment of accounts.. Ability to identify and independently resolve problems; using analytical skills to develop a customized solution to address client issues as needed.. Strong verbal and written communication skills to present position with clients, markets and GC colleagues, at many levels regarding often complex and sensitive reinsurance reporting issues.. Ability to independently prioritize workload according to volume, urgency, etc.. Ability to interact professionally with colleagues, clients and markets.. Computer skills for using Microsoft office (Excel & Word) and other general office software applications.. Ability to travel nationally as required.. What's in it for you?. A company with a strong Brand and strong results to match.. Culture of internal mobility, collaboration and valued partnership throughout business.. Employee Resource Groups that provide access to leaders, relevant volunteer and mentoring opportunities and interactions with counterparts in industry groups and client organizations.. Social Impact volunteering opportunities available for all colleagues through a network of colleague and business partnerships.. Competitive pay (salary and bonus potential), Full benefits package - starting day one (medical, dental, vision, STI/LTI, life insurance, generous 401k match AND contribution.. After six months, eligible for up to $10k tuition reimbursement per year and participation in our Employee Stock Purchase Plan.. We will count on you to:. Monitor renewal status of contracts for assigned clients.. Verify contract documentation in order to activate (peer review) contract for account / premium processing in the Open Twins processing system; initiate discussions with Broker Processing Support and/or placing brokers as needed to resolve any potential issues.. Follow-up for timely receipt of all accounts, adjustments and other transactions required by the terms and conditions of the contract.. Review accounts received and advise clients of any existing or potential technical or collection issues; arrange and attend internal and external meetings, as necessary.. Process all accounts in a timely manner and collect, apply and initiate the disbursement process to client balances are settled on a timely basis.. Identify any client related settlement practices that are creating an involuntary funding situation for GC and work with the client to resolve situation.. Coordinate all XOL premium and Pro Rata Treaty processing and payment matters; working closely with Market Fiduciary and Treasury to resolve any cash application and disbursement issues with clients or reinsurers.. Report the collection status on adverse account balances; regularly follow-up with reinsurers and provide formal updates to client, team manager and other internal parties (brokers).. Request and secure LOC's for clients to ensure compliance with insurance department regulations; contact markets, banks and GC colleagues to resolve issues.. Establish and maintain internal and external relationships via timely and regular communications.. Review aged brokerage and unapplied cash suspense transactions to ensure that balances are cleared within specified service goals timeline.. Work with manager to devise and implement plans aimed at improving efficiencies where possible-either through proposed system enhancements or workflow adjustments.. Acting coach and mentor for team; assisting team with the day-to-day training of junior staff members and providing support on complex accounting, collateral and fiduciary related issues.. Assist team manager by coordinating aged brokerage receivables, unapplied cash transactions and collateral process for those clients handled within the team.. GUY CARPENTER. Guy Carpenter & Company, LLC is a leading global risk and reinsurance specialist with more than 3,100 professionals in over 60 offices around the world. Guy Carpenter delivers a powerful combination of broking expertise, trusted strategic advisory services and industry-leading analytics to help clients adapt to emerging opportunities and achieve profitable growth. Guy Carpenter is a business of Marsh & McLennan Companies (NYSE: MMC), the world's leading professional services firm in the areas of risk, strategy and people. The company's 75,000 colleagues advise clients in over 130 countries. With annualized revenue approaching $17 billion, Marsh & McLennan helps clients navigate an increasingly dynamic and complex environment through four market-leading companies including Marsh, Mercer and Oliver Wyman. For more information, visit www.guycarp.com and follow Guy Carpenter on LinkedIn and Twitter @GuyCarpenter. Email should not be empty. Please enter valid email. Success! Successfully subscribed for similar jobs. Failure! You have already subscribed for this job. Failure! Failed to subscribed for similar jobs. Success!. Successfully subscribed for similar jobs. Failure!. Get tailored job recommendations based on your interests.. Location. 121 River Street, Waterfront Corporate Center, Hoboken, NJ 07030-5792, United States of America. Category. Customer Services. Job Id. R_109210. Title: Senior Account Specialist - Proportional Treaty Accounting. Location: Hoboken, NJ. What to expect. You will be responsible for handling GC's higher profile and more complex client's treaty book.... Location. 1166 Avenue of the Americas, New York, NY 10036-2708, United States of America. Category. Customer Services. Job Id. R_119928. 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Keywords: Marsh & McLennan Companies, Hoboken , Senior Account Specialist - Excess of Loss Claims, Accounting, Auditing , Hoboken, New Jersey

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