Posted:
10/1/2024, 6:06:39 AM
Location(s):
Jersey City, New Jersey, United States ⋅ New Jersey, United States ⋅ New York, New York, United States ⋅ Illinois, United States ⋅ Chicago, Illinois, United States ⋅ New York, United States
Experience Level(s):
Senior
Field(s):
Legal & Compliance
With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠.
Job Summary
The Claims Division is seeking a team member to join the Executive Assurance Team as Senior Claims Examiner. In this role, the responsibilities include but not limited to actively manage and effectively oversee assigned caseload involving Employment Practices Liability claims.
Primary Responsibilities
Identify and assess coverage issues, draft coverage position letters, and retain coverage counsel, when necessary as well as review coverage counsel's opinion letters and analysis
Develop and implement strategy relative to coverage issues which correlate with the overall strategy of matters entrusted to the handler's care
Develop and implement strategy to resolve matters of liability and damages of a particular case
Maintain contact with the claim staff, business line leader, underwriter, defense counsel, and broker
Investigate claim and review the insureds' materials, pleadings, and other relevant documents
Identify and review of each jurisdiction's applicable statutes, rules, and case law
Review litigation materials including depositions and expert's reports
Analyze and direct risk transfer, additional insured issues, and contractual indemnity issues
Retain counsel when necessary and direct counsel in accordance with resolution strategy
Analyze coverage, liability and damages for purposes of assessing and recommending reserves
Prepare and present written/oral reports to senior management setting forth all issues influencing evaluation and recommending reserves
Travel to and from locations within the United States to attend mediations, trials, and other proceedings relevant to the resolution of the matter
Negotiate resolution of claims
Review and evaluate defense counsel invoices for reasonableness and process associated payments
Maintain a diary of all claims, post reserves in a timely fashion, and expeditiously respond to claims inquiries from insured, counsel, underwriters, brokers, and senior management
Qualifications
Bachelor’s degree required; Juris Doctorate degree preferred
Minimum 3 years of work experience managing employment practices liability claims process at a carrier, broker, or law firm
Proper adjuster licensing in all applicable states preferred
Exceptional communication (written and verbal), evaluation, influencing, negotiating, listening, and interpersonal skills to effectively develop productive working relationships with internal/external peers and other professionals across organizational lines
Strong time management and organizational skills
Ability to take part in active strategic discussions
Ability to work well independently and in a team environment
Hands-on experience and strong aptitude with Microsoft Excel, PowerPoint and Word
Willing and able to travel 25%
#LI-SW1
#LI-HYBRID
For individuals assigned or hired to work in California, Colorado, Hawaii, Jersey City, NJ; New York State; and/or Washington State, the base salary range is listed below. This range is as of the time of posting. Position is incentive eligible.
107,900 - $167,00/year
Total individual compensation (base salary, short & long-term incentives) offered will take into account a number of factors including but not limited to geographic location, scope & responsibilities of the role, qualifications, talent availability & specialization as well as business needs. The above range may be modified in the future
Click here to learn more on available benefits
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14400 Arch Insurance Group Inc.Website: https://archgroup.com/
Headquarter Location: Hamilton, Hamilton, Bermuda
Employee Count: 5001-10000
Year Founded: 1995
IPO Status: Public
Last Funding Type: Post-IPO Equity
Industries: Finance ⋅ Financial Services ⋅ Insurance