Vice President - Major Case Unit

Company: Arch Insurance
Location: Jersey City
Posted on: February 20, 2021

Job Description:

• Copyright 2018 Arch Capital Group Ltd. All rights reserved. Vice President - Major Case Unit in Jersey City, New Jersey - Careers at INS - JC Skip to Main Content Please Enable Cookies to Continue Please enable cookies in your browser to experience all the personalized features of this site, including the ability to apply for a job. Welcome page Welcome page Returning Candidate? Log back in! Vice President - Major Case Unit Entity Arch Insurance Group Inc (U.S.) Job Locations US-NJ-Jersey City - US-NY-New York Job ID 2020-3944 Business Segment Insurance # of Openings 1 Category Claims The Position Arch Insurance Group Inc., (AIGI), has an opening with the Claims Division on the Major Case Unit Team as a Vice President. In this role, the responsibilities include leading the development, implementation and execution of claims strategies to deliver optimal loss cost management and customer satisfaction in support of overall business objectives. Lead and direct Complex claims department leadership and personnel in achieving high standards of productivity, efficiency and alignment of organizational goals. Ensure compliance with all local, federal and state regulations related to claims while minimizing risk/exposure to the Arch organization. Job Responsibilities Primary Responsibilities, s pecific duties include but not limited to the below:
  • Provide vision and leadership to the Claims organization & complex claims in accordance with the company's strategic direction
  • Cultivate a departmental culture that excels in communication and collaboration
  • Drives the development, implementation and continuous planning, organizing and leading of all claim programs, metrics, processes, results and initiatives
  • Leads, directs and has full management accountability for Claims staff with an emphasis on talent management and succession planning in accordance with corporate strategic direction
  • Collaborates with Underwriting, Risk Management, Actuarial, and other stakeholders to ensure knowledge sharing on market trends, legal changes and loss developments
  • Leverage resources, technology, and processes to drive innovation within the department
  • Identifies and implements claim best practices for proper and consistent claim performance, compliance and achievement of business goals
  • Manage staff performance; implement strategies and plans to address staff development; identify and address training needs on an ongoing basis
  • Responsible for cost containment strategies including allocated and unallocated expenses within the Claims operation
  • Assist with development of Claims annual operational goals, objectives and budgets
  • Directly manage first and third party claims, as necessary
  • Supervise third party administrators and/or independent adjusters
  • Ensure sound litigations management practices, including detailed review of legal bills using online tools
  • Communicate effectively with brokers and reinsurers on relevant claim developments
  • Attend mediations, arbitrations, depositions, trials, as necessary
  • Perform other duties and/or projects as assigned Desired Skills/Experience
    • Bachelor's degree; Juris Doctorate degree preferred
    • Seven to 10 (7-10) years working experience in legal environment or the insurance industry managing a team supporting commercial accounts for high exposure Casualty claims, litigation, and coverage
    • Demonstrated people management and development skills in a service/account management role
    • Detailed technical knowledge of general liability claims handling with the ability to advise Casualty Claims Examiners on the handling of complex injury and coverage cases
    • Hands-on experience and strong aptitude with Microsoft Excel, PowerPoint, and Word
    • Exceptional communication (written and verbal), evaluating, influencing, negotiating, listening, and interpersonal skills to effectively develop productive working relationships with internal/external peers and other professionals across organizational lines
    • Strong problem-solving, critical thinking, analytical, organizational, and time management skills
    • Ability to analyze, organize, and present information in a clear and succinct manner
    • Ability to take part in active strategic discussions
    • Ability to work independently and in a team environment
    • Willing and able to travel 25% The Company Arch Insurance is a global insurer offering our clients superior coverage and service. We embody the Arch guiding principle of focusing on retaining experienced and talented employees to differentiate us from the rest of the pack. Our group operates from offices in the US, Canada, Bermuda, UK, and Australia, providing specialty risk solutions to clients worldwide across a wide range of industries. With over ten years of operating history and strong financial ratings, our track record remains solid. Arch Insurance employs a disciplined underwriting approach and prudent risk selection across all types of business. Our mission is to provide our insureds with superb coverage and claims handling through careful and diligent underwriting of risks and business-friendly solutions. Across our global operations, Arch Insurance employees are ready to meet your needs with professionalism and excellence. Options Apply for this position online Apply Share Email this position to a friend Refer Sorry the Share function is not working properly at this moment. Please refresh the page and try again later. Share on your newsfeed Loading... Application FAQs Software Powered by iCIMS
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Keywords: Arch Insurance, Jersey City , Vice President - Major Case Unit, Executive , Jersey City, New Jersey