Reinsurance Group of America logo
Reinsurance Group of America

Reinsurance Group of America, Incorporated (RGA), a Fortune 500 company, is among the leading global providers of life reinsurance and financial solutions, with approximately $3.5 trillion of life reinsurance in force and assets of $92.2 billion as of December 31, 2021. Founded in 1973, RGA today is recognized for its deep technical expertise in risk and capital management, innovative solutions, and commitment to serving its clients. With headquarters in St. Louis, Missouri, and operations around the world, RGA delivers expert solutions in individual life reinsurance, individual living benefits reinsurance, group reinsurance, health reinsurance, facultative underwriting, product development, and financial solutions. To learn more about RGA and its businesses, visit our website at www.rgare.com.

Executive Director, Claims

ExecutiveExecutiveFull TimeRemoteLeadTeam 3,164Since 1973

Location

United States

Posted

4 days ago

Salary

$126.7K - $188.8K / year

Seniority

Lead

No structured requirement data.

Job Description

Executive Director, Claims

Reinsurance Group of America

Role Description Leads and manages the department responsible for U.S. mortality markets claims providing the business expertise required to ensure appropriate client service, internal controls, reporting and claims administration practices. Provides guidance for client company claims audit function. Establishes strategic plans, objectives, goals and processes to ensure claims practices are competitive, effective and protective of RGA Re's long-term success. Ensures department alignment and coordination with all other areas of the company to achieve corporate business strategies and vision. As a member of the Operations Leadership Team, contributes to the establishment of division guidelines and direction and contributes to the Operations organization through strategy, definition and implementation. - Directs and leads the activities of the US mortality markets claims staff, assuring thorough review of targeted claims, timely and accurate financial reporting and prompt, efficient service to client companies. - Directs and supports the management and direction of claim practices to ensure identification and resolution of unfavorable trends in ceding company underwriting and claims handling. - Ensures claims practices and procedures are developed to minimize exposure to undesirable or unanticipated outcomes and provide superior client service. - Provides guidance to external client company audit functions relating to proper client claims administration of reinsurance transactions. - Reviews reports and other documentation produced from those audits. - Works with all departments within the Operations division and other departments within RGA Re to identify and resolve problems/issues. - Develops relationships with client companies and seeks resolutions to ensure customer satisfaction. - Works with Change Management to prioritize projects on the basis of costs vs. benefits. - Leads and manages the activities of department management in all aspects of supervisory duties, including hiring, training, evaluating, coaching, and disciplining direct reports. - Fosters a positive and engaged work environment. - Mentors associates and gives guidance on associate development. - Collaborates with all departments in the Operations division and departments throughout RGA to identify and resolve problems/issues. - Participates and collaborates with other members of the US Operations leadership team to develop goals/plans/budgets that align with division and company objectives. - Represents RGA Re, as an expert in reinsurance claims expertise, at industry meetings and exercises influence, as appropriate, with customers, competitors, retrocessionaires. - Serves as a member of the Operations leadership team, including setting strategic and tactical direction, division goals and objectives, and development of joint plans to achieve goals and objectives. - Manages department within budget guidelines. Qualifications - Bachelor’s Degree in Arts/Sciences (BA/BS) or equivalent work experience in insurance/reinsurance Required - Graduate work, MBA, FLMI, ALHC or other relevant professional designation Preferred - 10+ Years experience in insurance/reinsurance including 5+ years direct life and/or health claim experience Required - 5+ Years management experience Required - 3+ Years managing direct life and/or health claims staff Preferred - 10+ Years direct life and/or health claim experience Preferred - Intermediate Microsoft Office and SQL skills. Required - Advanced ability to comprehend and interpret insurance and contract documents Required - Advanced knowledge of broad business practices Required - Highly advanced ability to employ methodologies for analyzing and improving business processes. Required - Highly advanced people management skills, demonstrating the ability to lead, mentor, and develop associates; including the ability to delegate key areas of responsibility Required - Highly advanced oral and written communication skills, demonstrating the ability to convey business terminology that is meaningful and well received Required - Highly advanced investigative, analytical and problem solving skills Required - Expert ability to balance detail with departmental goals/objectives Required - Advanced skills in customer relationship management and change management Required - Highly advanced ability to translate business needs and problems into viable/accepted solutions Required - Reinsurance industry knowledge Preferred Benefits - Gain valuable knowledge from and experience with diverse, caring colleagues around the world. - Enjoy a respectful, welcoming environment that fosters individuality and encourages pioneering thought. - Join the bright and creative minds of RGA, and experience vast, endless career potential. - RGA provides an annual bonus plan that includes all roles and some positions are eligible for participation in our long-term equity incentive plan. - RGA maintains a full range of health, retirement, and other employee benefits. Compensation Range $126,710.00 - $188,840.00 Annual. Base pay varies depending on job-related knowledge, skills, experience and market location. Company Description RGA is a purpose-driven organization working to solve today’s challenges through innovation and collaboration. A Fortune 200 Company and listed among its World’s Most Admired Companies, we’re the only global reinsurance company to focus primarily on life- and health-related solutions.

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