BMS
Accounting & Claims - Assistant Vice President
BMS, Edina, Minnesota, United States,
Edina, MN, USAJob Description
Posted Tuesday, September 17, 2024 at 6:00 AMAbout BMSBMS Group is a dynamic, independent global broker established in 1980, delivering specialist insurance, reinsurance, and capital markets advisory services. Our purpose is to help people, businesses and communities flourish and prosper in a world of risk.As a global brand with offices located across the US, Canada, Latin America, Australia, Europe and Asia, BMS Group maintains a strong local focus and understanding of market needs. Being independent gives our brokers the freedom to deliver the best solutions and combined with our collaborative team approach, single platform worldwide and renowned personal service, we are the independent broker of choice.This position will work for BMS Re, the specialist reinsurance arm of BMS Group. BMS Re is reshaping reinsurance by aligning interests with our clients and enhancing their success with advice and delivery models that service their unique needs. BMS Re has a proven ability to execute in reinsurance and capital markets worldwide.Position Overview:As an Assistant Vice President of Accounting and Claims, you will act as a consultant and advisor to sales teams, clients, and reinsurers on a variety of reinsurance accounting and claim issues. Develop creative solutions to enhance client service and implement processes and procedures to improve consistency and drive efficiencies. Manage large accounts to facilitate reinsurance accounting & claims activity and provide technical reinsurance expertise. Assist Manager with strategy development and teammates with training and problem solving.How you will add value:Serve as Account Manager on large or complex accounts and manage relationship between ceding companies and reinsurers. Facilitate work stream with team members to ensure daily tasks for client are completed timely.Reviewing and understanding terms of reinsurance contracts and program structures.Timely receipt and transmittal of accounts, adjustments and premium transactions including collection of funds and disbursement to clients/reinsurers.Prompt evaluation and processing of reinsurance claims in accordance with contract language and company standards.Managing collection of funds, queries, and outstanding issues between reinsurers and ceding companies until resolution. Conduct timely and regular claim follow-ups.Evaluating clients’ potential unauthorized reinsurance penalties and obtain funding of reserves from unauthorized reinsurers.Produce and respond to written/verbal communications effectively and appropriately within company standards.Travel to client and reinsurer offices as needed to support sales teams and BMS operating units to enhance client relationships.Assist with coordination of client onboarding, integration, and data transfers.Communicate with various technical managers and personnel: IT, Contract Writing, Compliance/Audit, Finance, Legal, Actuarial, and HR.Be a technical reinsurance resource for Analysts and Senior Analysts and assist with training.Work with team to develop and implement procedures and training programs for BMS operating and production units and clients.Adapt quickly to rapidly changing technologies and systems. Work with team to create effective and efficient processes and solutions.Assume and perform specialized functions and special projects as requested.Willingness to attend classes, trainings, and conferences to learn new skills.Focused on the client relationship & safeguarding the overall success of the BMS team.We are looking for someone with:A Bachelor’s degree (B.A./B.S.) from a four-year college or university or equivalent preferably in Accounting, Finance, Math, Economics or other similarly quantitative or analytically oriented major.Five or more years reinsurance experience at Analyst level (or above) or significant experience in insurance/reinsurance claims or accounting operations.The ability to communicate clearly and effectively (both written and verbal).The ability to effectively interact with all levels of employees with good interpersonal and relationship management skills.Organizational abilities, ability to meet deadlines with attention to detail.Analytical, problem-solving capabilities with strong attention to detail.Forward thinker and planner; proactive and uses initiative.Adapts and responds well to change and pressure.What’s in it for me?This role offers a competitive salary and exceptional benefits, including the following offerings:Comprehensive medical and dental plan options for you and your dependents.Vision, short-and long-term disability and life insurance options.401(k) with company match.Employer funded health saving accounts.Identity theft and legal services.Fitness and wellness reimbursement.Generous leave policies, including parental leave.Paid holidays, volunteer days and your birthday off!Opportunity to purchase equity.The annual base salary range provided for this position is a nationwide marker range and represents a broad range of salaries for this role across the country. The actual salary advanced to the desired candidate will be based on a number of factors, including geographic location and the skills, education, training, credentials, and experience of the desired candidate.Employment PracticesBMS is an Equal Opportunity Employer. Through our Diversity, Equity and Inclusion (DEI) vision, we are committed to ‘building a culture of belonging for all, valuing diverse perspectives and embracing authenticity.’ As such, we have created our ‘BMS Together’ program, with dedicated training, collaborative committees, and intentional partnerships.BMS offers flexible and hybrid working policies and we’re happy to discuss options with you upon application. Please let our team know if you require any adjustments to support you through the application process.
#J-18808-Ljbffr
Posted Tuesday, September 17, 2024 at 6:00 AMAbout BMSBMS Group is a dynamic, independent global broker established in 1980, delivering specialist insurance, reinsurance, and capital markets advisory services. Our purpose is to help people, businesses and communities flourish and prosper in a world of risk.As a global brand with offices located across the US, Canada, Latin America, Australia, Europe and Asia, BMS Group maintains a strong local focus and understanding of market needs. Being independent gives our brokers the freedom to deliver the best solutions and combined with our collaborative team approach, single platform worldwide and renowned personal service, we are the independent broker of choice.This position will work for BMS Re, the specialist reinsurance arm of BMS Group. BMS Re is reshaping reinsurance by aligning interests with our clients and enhancing their success with advice and delivery models that service their unique needs. BMS Re has a proven ability to execute in reinsurance and capital markets worldwide.Position Overview:As an Assistant Vice President of Accounting and Claims, you will act as a consultant and advisor to sales teams, clients, and reinsurers on a variety of reinsurance accounting and claim issues. Develop creative solutions to enhance client service and implement processes and procedures to improve consistency and drive efficiencies. Manage large accounts to facilitate reinsurance accounting & claims activity and provide technical reinsurance expertise. Assist Manager with strategy development and teammates with training and problem solving.How you will add value:Serve as Account Manager on large or complex accounts and manage relationship between ceding companies and reinsurers. Facilitate work stream with team members to ensure daily tasks for client are completed timely.Reviewing and understanding terms of reinsurance contracts and program structures.Timely receipt and transmittal of accounts, adjustments and premium transactions including collection of funds and disbursement to clients/reinsurers.Prompt evaluation and processing of reinsurance claims in accordance with contract language and company standards.Managing collection of funds, queries, and outstanding issues between reinsurers and ceding companies until resolution. Conduct timely and regular claim follow-ups.Evaluating clients’ potential unauthorized reinsurance penalties and obtain funding of reserves from unauthorized reinsurers.Produce and respond to written/verbal communications effectively and appropriately within company standards.Travel to client and reinsurer offices as needed to support sales teams and BMS operating units to enhance client relationships.Assist with coordination of client onboarding, integration, and data transfers.Communicate with various technical managers and personnel: IT, Contract Writing, Compliance/Audit, Finance, Legal, Actuarial, and HR.Be a technical reinsurance resource for Analysts and Senior Analysts and assist with training.Work with team to develop and implement procedures and training programs for BMS operating and production units and clients.Adapt quickly to rapidly changing technologies and systems. Work with team to create effective and efficient processes and solutions.Assume and perform specialized functions and special projects as requested.Willingness to attend classes, trainings, and conferences to learn new skills.Focused on the client relationship & safeguarding the overall success of the BMS team.We are looking for someone with:A Bachelor’s degree (B.A./B.S.) from a four-year college or university or equivalent preferably in Accounting, Finance, Math, Economics or other similarly quantitative or analytically oriented major.Five or more years reinsurance experience at Analyst level (or above) or significant experience in insurance/reinsurance claims or accounting operations.The ability to communicate clearly and effectively (both written and verbal).The ability to effectively interact with all levels of employees with good interpersonal and relationship management skills.Organizational abilities, ability to meet deadlines with attention to detail.Analytical, problem-solving capabilities with strong attention to detail.Forward thinker and planner; proactive and uses initiative.Adapts and responds well to change and pressure.What’s in it for me?This role offers a competitive salary and exceptional benefits, including the following offerings:Comprehensive medical and dental plan options for you and your dependents.Vision, short-and long-term disability and life insurance options.401(k) with company match.Employer funded health saving accounts.Identity theft and legal services.Fitness and wellness reimbursement.Generous leave policies, including parental leave.Paid holidays, volunteer days and your birthday off!Opportunity to purchase equity.The annual base salary range provided for this position is a nationwide marker range and represents a broad range of salaries for this role across the country. The actual salary advanced to the desired candidate will be based on a number of factors, including geographic location and the skills, education, training, credentials, and experience of the desired candidate.Employment PracticesBMS is an Equal Opportunity Employer. Through our Diversity, Equity and Inclusion (DEI) vision, we are committed to ‘building a culture of belonging for all, valuing diverse perspectives and embracing authenticity.’ As such, we have created our ‘BMS Together’ program, with dedicated training, collaborative committees, and intentional partnerships.BMS offers flexible and hybrid working policies and we’re happy to discuss options with you upon application. Please let our team know if you require any adjustments to support you through the application process.
#J-18808-Ljbffr