Reinsurance Specialist jobs in New York, NY

Crum & Forster Company Overview

Crum & Forster (C&F)  with a proud history dating to 1822, provides specialty and standard commercial lines insurance products through our admitted and surplus lines insurance companies. C&F enjoys a financial strength rating of "A" (Excellent) by AM Best and is proud of our superior customer service platform. Our claims and risk engineering services are recognized as among the best in the industry.

Our most valuable asset is our people: more than 2000 employees in locations throughout the United States. The company is increasingly winning recognition as a great place to work, earning several workplace and wellness awards, including the October 2022 Great Place to Work® Award for our employee-first focus and our steadfast commitment to diversity, equity and Inclusion.

C&F is part of Fairfax Financial Holdings, a global, billion dollar organization.  For more information about Crum & Forster, please visit our website: www.cfins.com.

Job Description

Seneca Insurance is a specialty property and casualty insurer, part of Crum & Forster (Fairfax Financial Holdings, Inc.), which takes a creative and disciplined approach to providing profitable insurance solutions. Our most valuable asset is our staff - 300 employees, and growing, in locations throughout the United States - committed to delivering customized products with superior customer service. For more information about Seneca, please visit our website:  http://www.cfins.com/seneca/.

Duties include reviewing insurance documents, inputting data from issued policies, changing policy records to conform to endorsements, canceling/reinstating/non-renewing insurance policies for large schedule commercial package policies with reinsurance and work in partnership  with multiple departments to assure recorded data in company systems are accurate and current.

What you will do for C&F:

• Enter new and renewal policy and endorsement information from issued policies with reinsurance for commercial package business into our policy data and billing system – WINS
• Identify and understand file documents such as route sheets, facultative document sheet/certificates of reinsurance, cancellation/reinstatement/nonrenewal requests, and applications
• Create/verify reinsurance cession slips with information provided in the policy file
• Assign reinsurance control numbers and maintain logs
• Correspond with underwriters to clarify/verify policy information and/or instructions
• Collaborate with finance regarding reconciliations and non-entry of reinsurance premium, reinsurance claims, and policy payments
• Maintain records of all reinsurance policies and initiate process to secure reinsurance prior to renewal or endorsement handling
• Provide copies of issued policies to reinsurers in exchange for binding certificates
• Prioritize workload according to business needs and closing schedule

What you will bring to C&F:

• Ability to work in a fast paced environment
• 2 years insurance/finance work experience
• Detail oriented
• Be able to work independently as well as part of a team
• Produce high quality work product in both accuracy and quantity
• BosaNova Secure software experience a plus
• Proficiency in Microsoft Office applications (Word, Excel, Outlook)
• Solid verbal and written communication skills
• Will abide by departmental policies and procedures, including authority levels, to comply with C&F's risk management controls

What C&F will bring to you

Competitive compensation package

Generous 401K employer match

Employee Stock Purchase plan with employer matching

Generous Paid Time Off

Excellent benefits that go beyond health, dental & vision. Our programs are focused on your whole family’s wellness, including your physical, mental and financial wellbeing

A core C&F tenet is owning your career development, so we provide a wealth of ways for you to keep learning, including tuition reimbursement, industry-related certifications and professional training to keep you progressing on your chosen path

A dynamic, ambitious, fun and exciting work environment

We believe you do well by doing good and want to encourage a spirit of social and community responsibility, matching donation program, volunteer opportunities, and an employee-driven corporate giving program that lets you participate and support your community.

At C&F you will BELONG

We value inclusivity and diversity. We are committed to equal employment opportunity and welcome everyone regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity, or Veteran status. If you require special accommodation, please let us know.

Crum & Forster is committed to ensuring a workplace free from discriminatory pay disparities and complying with applicable pay equity laws. Salary ranges are available for all positions at this location, taking into account roles with a comparable level of responsibility and impact in the relevant labor market and these salary ranges are regularly reviewed and adjusted in accordance with prevailing market conditions. The annualized base pay for the advertised position, located in the specified area, ranges from a minimum of $44,000.00 to a maximum of $73,400.00. The actual compensation is determined by various factors, including but not limited to the market pay for the jobs at each level, the responsibilities and skills required for each job, and the employee’s contribution (performance) in that role. To be considered within market range, a salary is at or above the minimum of the range. You may also have the opportunity to participate in discretionary equity (stock) based compensation and/or performance-based variable pay programs