Accounting & Claims - Analyst

About BMS

BMS 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.

For more information on BMS and BMS Re, visit us online at bmsgroup.com or follow us on LinkedIn.

Find out what it's like to work at BMS Re by clicking here

As an Accounting and Claims Analyst you will facilitate reinsurance accounting and claims activity and provide technical reinsurance expertise for clients, reinsurers, and BMS Sales teams. Assist Manager and team members with developing creative solutions to enhance client service and implement processes and procedures to improve consistency and drive efficiencies.

How you will add value?

• Serve as accounting and claims liaison between ceding companies and reinsurers. Responsible for :
• 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.
• Manage collection of funds, queries and outstanding issues between reinsurers and ceding companies until resolution. Conduct timely and regular claim follow-ups.
• Evaluate clients' potential unauthorized reinsurance penalties and obtain funding of reserves from unauthorized reinsurers.
• Produce and respond to written and verbal communications effectively and appropriately within company standards.
• Adapt quickly to rapidly changing technologies and systems.
• Collaborate with team to create effective and efficient processes and solutions.
• Responsible for ensuring system conversions flow smoothly.
• Coordinate client integration and data transfers.
• Maintain paperless files and reports to assist in the performance of assigned responsibilities.
• Travel to client and reinsurer offices as needed to support BMS sales teams.
• Perform specialized functions and special projects as requested.

We are looking for someone with :

What's in it for me?

This role offers a competitive salary and exceptional benefits, including the following offerings :

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 Practices

BMS 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.