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Claim Associate

2 weeks ago

Singapore LK RE PTE. LTD. Full time $80,000 - $120,000 per year

[Key Duties]

n Primary point of contact and advocate for cedant in all claims-related matters

n Negotiate with reinsurers on behalf of cedant to ensure fair and timely settlement of claims

n Work to resolve complex or disputed claims

n Receive loss notifications from cedants and ensure all necessary documentation is complete and accurate for submission to reinsurers

n Review and interpret complex reinsurance wordings and underlying policies to determine coverage

n Prepare and submit claims to reinsurers in accordance with reinsurance conditions

n Proactively monitor the progress of claims with reinsurers, follow up on outstanding payments, and provide regular updates to cedants

n Maintain accurate records of all claims, correspondences, and financial transactions, ensuring data integrity and compliance with internal and external standards

n Ensure all claims activities comply with regulatory requirements (e.g. MAS regulations in Singapore) and industry standards

n Collaborate with internal brokers and accounting teams to ensure seamless delivery and information flow

n Identify opportunities to improve claims handling processes, enhance efficiency, and leverage for better claims management

[Key Experience / Skills]

    • 0 years of working experience in a claims-handling role

  • Bachelor's degree or higher

  • Solid communication skills, both written and verbal; public speaking skills; deep understanding of business principles and practices

  • Good knowledge of Microsoft Excel /Words/PowerPoint etc.