Reinsurance Service Claims Coordinator
Reinsurance Service Claims Coordinator

Reinsurance Service Claims Coordinator

Full-Time 36000 - 60000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Become a Claims expert in our Multinational reinsurance team and tackle complex challenges.
  • Company: Join AIG, a global leader in insurance solutions with a vibrant culture.
  • Benefits: Enjoy competitive salary, health perks, and opportunities for professional growth.
  • Why this job: Make a real impact while developing your skills in a dynamic environment.
  • Qualifications: Analytical mindset, strong communication skills, and proficiency in MS Excel required.
  • Other info: Embrace a culture of inclusion and continuous learning at AIG.

The predicted salary is between 36000 - 60000 £ per year.

Join us to become a Claims expert in our Multinational reinsurance team to take your career to the next level with an international market leader.

Make your mark in Multinational

AIG Multinational is an exciting business area within AIG that designs, implements and services bespoke multinational insurance solutions for our global customers, empowering our clients and broker partners to navigate complex cross-border risks with confidence and consistency. AIG Multinational professionals have the diverse skills and expertise necessary to deliver customized, compliant and seamless solutions that support our clients’ risk management objectives. You can work alongside a dynamic, multi-disciplinary team to explore and deliver new solutions to meet our customers’ global insurance needs.

How you will create an impact

This is a fantastic client facing role for an inquisitive, analytical problem solver who wants to progress their career within the insurance industry. Some of the key responsibilities include:

  • Promote AIG’s Multinational Captive servicing capabilities
  • Build strong working relationships with clients to gain a good technical understanding of client needs, market regulation / complexities and solutions.
  • Partner with Producing Offices to provide technical expertise in understanding program structures from a claims perspective for our global clients.
  • Manage relationships with internal and external stakeholders (producing & issuing offices, captive brokers, clients, reinsurers etc).
  • Participate in client (internal/external) meetings and conference calls.
  • Maintain a professional relationship with all assigned clients (approx. 75 – 100 accounts)
  • Familiarise yourself with, and understand fully, the workflows involved in a multinational program, particularly in relation to the claim flows
  • Develop an understanding of the workflows involved in a multinational program.
  • Prepare and issue loss recoverable billings on a monthly or ad hoc basis within set deadlines
  • Prepare reserve, incurred reports and monitoring per occurrence, and ensure annual aggregate breaches are flagged and adjusted on a monthly or ad hoc basis
  • Collate supporting documentation to issue to the client with the loss billings
  • Review and analyse cash receipts if needed to ensure prompt allocation of cash
  • Classify and explain uncollected items on a monthly basis
  • Follow up on uncollected loss recoverables as required and maintained at an agreed level
  • Escalate delinquent balances to management promptly
  • Ensure required bookings to the claims system are completed and approved
  • Respond to all audit-related queries on the assigned client accounts within required deadlines.
  • Regular monitoring of cash receipts and unallocated cash

What you’ll need to succeed

  • Quick and inquisitive learner, who wants to become a subject matter expert
  • Strong analytical and problem-solving skills
  • Good knowledge of MS Excel
  • Experience of working with data and numbers
  • Self-motivated and pro-active, with the ability to prioritise work and meet deadlines
  • Excellent communication and client / customer service skills
  • Experience of producing reports and documentation

At AIG, we value in-person collaboration as a vital part of our culture, which is why we ask our team members to be primarily in the office. This approach helps us work together effectively and create a supportive, connected environment for our team and clients alike.

Enjoy benefits that take care of what matters

At AIG, our people are our greatest asset. We know how important it is to protect and invest in what’s most important to you. That is why we created our Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial security—as well as your professional development—to bring peace of mind to you and your family.

Reimagining insurance to make a bigger difference to the world

American International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are one of the world’s most far-reaching property casualty networks. It is an exciting time to join us — across our operations, we are thinking in new and innovative ways to deliver ever-better solutions to our customers. At AIG, you can go further to support individuals, businesses, and communities, helping them to manage risk, respond to times of uncertainty and discover new potential. We invest in our largest asset, our people, through continuous learning and development, in a culture that celebrates everyone for who they are and what they want to become.

Welcome to a culture of inclusion

We’re committed to creating a culture that truly respects and celebrates each other’s talents, backgrounds, cultures, opinions and goals. We foster a culture of inclusion and belonging through learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The talent of our people is one of AIG’s greatest assets, and we are honored that our drive for positive change has been recognized by numerous recent awards and accreditations.

AIG provides equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories. AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities. If you believe you need a reasonable accommodation, please send an email to candidatecare@aig.com.

Reinsurance Service Claims Coordinator employer: American International Group

AIG is an exceptional employer that prioritises the growth and well-being of its employees, offering a comprehensive Total Rewards Program that supports health, financial security, and professional development. Located in London, our collaborative work culture fosters strong relationships and encourages innovation within a diverse multinational team, making it an ideal environment for those looking to advance their careers in the insurance industry.
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Contact Detail:

American International Group Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Reinsurance Service Claims Coordinator

✨Tip Number 1

Network like a pro! Reach out to people in the industry, especially those already working at AIG. A friendly chat can open doors and give you insider info that could help you stand out.

✨Tip Number 2

Prepare for interviews by diving deep into AIG’s Multinational services. Show us you understand the complexities of cross-border risks and how you can contribute to our team.

✨Tip Number 3

Practice your problem-solving skills! We love analytical thinkers, so be ready to tackle hypothetical scenarios during interviews that showcase your ability to think on your feet.

✨Tip Number 4

Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re serious about joining our awesome team.

We think you need these skills to ace Reinsurance Service Claims Coordinator

Analytical Skills
Problem-Solving Skills
Client Relationship Management
Technical Expertise in Claims
Data Analysis
MS Excel
Report Production
Communication Skills
Time Management
Proactive Approach
Attention to Detail
Understanding of Multinational Insurance Programs
Cash Flow Monitoring
Stakeholder Management

Some tips for your application 🫡

Tailor Your CV: Make sure your CV is tailored to the Reinsurance Service Claims Coordinator role. Highlight relevant experience and skills that match the job description, like your analytical problem-solving abilities and client relationship management.

Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about the insurance industry and how your background makes you a great fit for AIG's multinational team. Be genuine and let your personality come through.

Showcase Your Skills: Don’t forget to showcase your technical skills, especially with MS Excel and data analysis. Mention any specific projects or experiences where you've successfully used these skills to solve problems or improve processes.

Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands and shows us you’re serious about joining our team at AIG!

How to prepare for a job interview at American International Group

✨Know Your Claims Inside Out

Before the interview, dive deep into the specifics of claims management and reinsurance. Familiarise yourself with common terminologies and processes, especially those related to multinational programs. This will not only show your enthusiasm but also your readiness to tackle the role head-on.

✨Showcase Your Analytical Skills

Prepare examples that highlight your analytical and problem-solving abilities. Think of situations where you successfully navigated complex data or resolved issues. Being able to articulate these experiences will demonstrate your fit for a role that requires strong analytical skills.

✨Build Rapport with Interviewers

Since this role involves client-facing responsibilities, practice building rapport during your interview. Engage with your interviewers by asking insightful questions about their experiences at AIG and how they approach client relationships. This will showcase your interpersonal skills and genuine interest in the company culture.

✨Master MS Excel Basics

Given the importance of data handling in this role, brush up on your MS Excel skills. Be prepared to discuss how you've used Excel in past roles, whether for reporting or data analysis. If possible, mention any specific functions or tools you’re comfortable with, as this will reinforce your technical competence.

Reinsurance Service Claims Coordinator
American International Group

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