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Senior Claims Examiner - Executive Assurance

Company: Arch
Location: Jersey City
Posted on: June 19, 2022

Job Description:

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 for a variety of claims, including Public D&O, Private Company D&O, Financial Lines, and Private Equity related claims.Specific duties include but not limited to the below:

  • 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
    • 5-7 years of work experience -managing professional 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% -
      • Bachelor's degree required; -Juris Doctorate degree preferred -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 nearly 20 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. -#LI-MJ1

Keywords: Arch, Jersey City , Senior Claims Examiner - Executive Assurance, Other , Jersey City, New Jersey

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