Reinsurance Jobs in New Jersey
Reinsurance is a financial tool that insurance companies use to manage risk. Essentially, it involves insurance companies transferring portions of their risk portfolios to other parties to reduce the likelihood of having to pay a large obligation resulting from an insurance claim. In other words, it is insurance for insurance companies. Reinsurance enables insurance companies to remain solvent by recovering part or all amounts paid to claimants. Further, reinsurance also provides insurance companies the capacity to underwrite policies that cover a larger volume of risks without excessively raising the costs of covering their solvency margins.
Individuals seeking roles in Reinsurance should have strong analytical, decision-making, and negotiation skills. Moreover, having a deep understanding of risk analysis, financial markets, and regulatory requirements are also essential. A certification as a Chartered Property Casualty Underwriter (CPCU) or Associate in Reinsurance (ARe) might be required. Some typical roles a person may have before becoming a Reinsurance Professional include Underwriter, Claims Adjuster, or Risk Analyst. These roles provide the necessary experience and understanding of risk assessment and financial implications critical for a career in reinsurance.
be responsible for the P&Ls for the newly formed US retail annuity reinsurance business Effectively manage complex client relationships Continue to innovate and develop new reinsurance solutions and...
Job Description : Role: Business System Analyst (P&C insurance or Reinsurance is must) Duration: Long Term Location: Warren, NJ (3 days Hybrid)--Locals to NY/NJ only Note: Should have experience in...
Head of US Healthcare Reinsurance How does this role contribute to our collective success?...
Strong understanding of reinsurance principles and treaty structures. Prior experience in reinsurance or insurance auditing is required....
Title: Underwriter II, Reinsurance Company: Everest Reinsurance Company Job Category: Underwriting Job Description: Job Description Everest Reinsurance Company, a member of the Everest Re Group, LTD...
Property and casualty insurance knowledge in commercial lines and specialty product offerings preferred....
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Reinsurance Online Courses and Training Opportunities
Title Synonyms
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Salary for Reinsurance Jobs in New Jersey
Required or preferred licenses and certifications for Reinsurance positions.
Highest Education Level
Reinsurances in New Jersey offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Reinsurance position
- Cash Flow Management
- Claims Handling
- Waterfall
- Test Cases
- Data Migration
- General Liability
- Property and Casualty Insurance
- Professional Liability
- Claims Management
- Property Insurance
- Annuities
- Claims Processing
- Underwriting
- Balance Sheets
- Internal Control
- Accounting Software
- Claims
- Generally Accepted Accounting Principles
- Health and Wellness
- Financial Statements
- Account Reconciliation
- Juris Doctor
- Reconciliations
- General Ledger
- Client Services
- Financial Reporting
- Reimbursement
- Risk Management
- Relationship Management
- Finance
- Decision Making
- SQL
- Analytical Skills
- Accounting
- Driving
- Negotiation
- Auditing
- Verbal Communication
- Presentation
- Events
- Collaboration
- Flexibility
- Documentation
- Interpersonal Skills
- Employee Development
- Bachelor's Degree
- Reporting
- Microsoft PowerPoint
- Sales
- Microsoft Office
- Problem Solving
- Project Management
- Microsoft Excel
- Time Management
- Research Skills
- Staff Supervision
- Organization
- Scheduling
- Leadership
- Communication Skills
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