Skills & Competencies for Reinsurance Clerk

Reinsurance Clerk job profile

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JOB SUMMARY for Reinsurance Clerk

Performs routine reinsurance clerical duties, such as maintaining records, processing, and verifying new business.

JOB RESPONSIBILITIES for Reinsurance Clerk

Performs basic accounting activities such as calculations and preparation of billing statements and financial reports. Verifies the policies of reinsurance clients and reviews company records to determine correct coverage. May coordinate the exchange of underwriting information between the reinsurance market and the underwriting staff. May process monthly premium billing statements and other reports.

Reinsurance Clerk SALARY RANGE

BASE 50%
$51,160
TOTAL 50%
$53,237
Job Level
A01
Job Code
FA06000692
Education/Degree
High School Diploma or Technical Certificate
Reports To
Supervisor or Manager

Reinsurance Clerk Skills and Competencies List

Proficiency Levels and Behavioural Indicators
Salary.com identifies five increasing levels of proficiency for each skill/competency. Some jobs require only a relatively low level of proficiency in each skill/competency, while other jobs will require a more advanced level of proficiency in the same skill/competency. These levels rate the degree of proficiency (skill level, expertise) we expect the incumbent to perform in the given skill/competency for the given job. Note that we intentionally do not associate timeframes or years of experience in performing the skill/competency because that can be misleading. Proficiency levels identify what the incumbent knows and can do rather than how long they have been doing it. Also, note that the proficiency levels are cumulative, e.g., a level 4 proficiency implies the ability to perform all the behaviors at the lower levels.
Check each Reinsurance Clerk skill and competencie below to view definitions.
INDUSTRY COMPETENCIES CORE COMPETENCIES
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8 hard skills or competencies (industry competencies) for Reinsurance Clerk

1 Industry Competency – Insurance Industry
Proficiency Level -1
Skill definition-Applying knowledge of the insurance industry to provide risk management services and protection to various individuals from financial loss.
Level 1 Behaviors
(General Familiarity)
Identifies the key legislation and regulations governing insurance contracts.
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Level 2 Behaviors
(Light Experience)
Records and maintains insurance policy and claims information in a database system.
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Level 3 Behaviors
(Moderate Experience)
Verifies received insurance coverage and damage reports to ensure accurate processing of claims.
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Level 4 Behaviors
(Extensive Experience)
Provides technical guidance to staff on claim investigation to ensure accurate insurance claims processing.
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Level 5 Behaviors
(Mastery)
Pursues creative initiatives that may differentiate our business and give us a competitive advantage.
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2 Industry Competency – Insurance Legal and Regulatory Environment
Proficiency Level -1
Skill definition-Creating, executing, and adhering to state and federal laws governing insurance operations to ensure financial security and consumer protection.
Level 1 Behaviors
(General Familiarity)
Explains the application of insurance regulatory laws to avoid civil penalties and license suspension.
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Level 2 Behaviors
(Light Experience)
Supports the execution of a legal and regulatory framework to promote strict insurance compliance.
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Level 3 Behaviors
(Moderate Experience)
Performs compliance reviews to determine possible violations and deficiencies in insurance regulations.
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Level 4 Behaviors
(Extensive Experience)
Trains teams on new laws and regulations to reduce liability risks and compliance violations.
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Level 5 Behaviors
(Mastery)
Establishes best practices in creating insurance laws and regulations to prevent frauds and malpractices.
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3 Reinsurance Clerk - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Reinsurance Clerk
Proficiency Level - 4
5 Competency for - Reinsurance Clerk
Proficiency Level - 5

6 soft skills or competencies (core competencies) for Reinsurance Clerk

1 Core Competencies – Attention to Detail
Proficiency Level -2
Skill definition-Executing and completing a task with a high level of accuracy.
Level 1 Behaviors
(General Familiarity)
Lists the traits of an employee showing great attention to detail.
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Level 2 Behaviors
(Light Experience)
Uses checklists to ensure that information goes out error-free.
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Level 3 Behaviors
(Moderate Experience)
Suggests solutions to issues that arise while executing the tasks.
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Level 4 Behaviors
(Extensive Experience)
Manages training to improve staffs' concentration and attention to detail.
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Level 5 Behaviors
(Mastery)
Learns from previous works' strengths and weaknesses to guide new projects.
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2 Core Competencies – Time Management
Proficiency Level -1
Skill definition-Managing and setting priorities, goals, and timetables to boost productivity and efficiency in completing tasks.
Level 1 Behaviors
(General Familiarity)
Lists basic planning tools and applications used in tracking and organizing time and tasks visually.
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Level 2 Behaviors
(Light Experience)
Follows an updated calendar to list and complete tasks and assignments according to priority level.
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Level 3 Behaviors
(Moderate Experience)
Utilizes departmental tools and best practices to organize tasks effectively and productively.
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Level 4 Behaviors
(Extensive Experience)
Provides strategic direction to the workforce in managing time to avoid low-value work.
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Level 5 Behaviors
(Mastery)
Leads transformational changes to work plans to drive the proper utilization of time and resources.
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3 Reinsurance Clerk - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Reinsurance Clerk
Proficiency Level - 4
5 Competency for - Reinsurance Clerk
Proficiency Level - 5

Summary of Reinsurance Clerk skills and competencies

There are 8 hard skills for Reinsurance Clerk, Insurance Industry, Insurance Legal and Regulatory Environment, Insurance Products, etc.
0 general skills for Reinsurance Clerk.
6 soft skills for Reinsurance Clerk, Attention to Detail, Time Management, Initiative, etc.
While the list totals 14 distinct skills, it's important to note that not all are required to be mastered to the same degree. Some skills may only need a basic understanding, whereas others demand a higher level of expertise.
For instance, as a Reinsurance Clerk, he or she needs to be proficient in Attention to Detail, be proficient in Time Management, and be proficient in Initiative.

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