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.
1. 3-5 years experience with - Reinsurance experience will really help 2. 8-10 years of experience as Scrum Master on driving Data engineering requirements using Scrum principles and practices. 3....
Master's Degree and/or other insurance designations such as ASA/FSA, CERA, CPCU, or ARM preferred....
The Reinsurance Claims Manager A&Hs primary function is to execute the day-to-day proactive management of all aspects of global A&H reinsurance claims, with moderate oversight from the Chief Claims...
Property and casualty insurance knowledge in commercial lines and specialty product offerings preferred....
Experience in the public sector or reinsurance, including knowledge of tenders and/or reinsurance. Intermediate English proficiency for conversational and reading purposes....
Liaison with Project Teams, Systems Groups, and Reinsurance Legal as Reinsurance Business expert on any reinsurance exposure issues/ projects....
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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
- Reconciliation
- Claims Handling
- Waterfall
- Test Cases
- Data Migration
- General Liability
- Property and Casualty Insurance
- Professional Liability
- Annuities
- Claims Processing
- Arbitration
- Underwriting
- Litigation
- Claims
- Financial Statements
- Generally Accepted Accounting Principles
- Juris Doctor
- Mediation
- General Ledger
- Client Services
- Resolution
- Financial Reporting
- Financial Analysis
- Estimating
- Reimbursement
- Risk Management
- Relationship Management
- Finance
- Collections
- Analytical Skills
- SQL
- Accounting
- Decision Making
- Written Communication
- Policy Administration
- Negotiation
- Auditing
- Presentation
- Flexibility
- Mentoring
- Documentation
- Collaboration
- Data Analysis
- Employee Development
- Interpersonal Skills
- Bachelor's Degree
- Reporting
- Microsoft PowerPoint
- Problem Solving
- Project Management
- Microsoft Office
- Microsoft Excel
- Time Management
- Research Skills
- Staff Supervision
- Organization
- Scheduling
- Leadership
- Communication Skills
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