Sr. Claims Examiner, Excess Casualty

Arch Insurance Group Inc. • Jersey City, NJ

83d • $107,900 - $160,000

About The Position

Arch Insurance Group Inc., AIGI, has an opening with the Claims Division on the Excess Casualty Team as a Sr. Claims Examiner. In this role, the responsibilities include actively managing commercial claims for unsupported Excess Casualty high severity, complex general liability, and auto accounts and providing oversight to underlying carrier(s) claims handlers for coverage, liability, and damages in jurisdictions throughout the United States.

Requirements

• 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 time management and organizational skills.
• Demonstrated ability to take part in active strategic discussions.
• Demonstrated 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 10%.

Nice To Haves

• Juris Doctorate degree preferred.
• Seven to ten (7-10) years of working experience with a primary and or excess carrier supporting commercial accounts for Casualty claims; with Casualty and Construction a plus.
• Proper & active adjuster licensing in all applicable states.

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 timely and accurate resolution strategies to ensure mitigation of indemnity and expense exposures.
• Maintain contact with any/all associated claims carrier(s)’ claims staff, business line leader, underwriter, defense counsel, program manager, and broker to communicate developments and outcomes as necessary.
• Investigate claims and review the insureds' materials, pleadings, and other relevant documents.
• Identify and review 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.
• Process large amounts of complex information, distill it down to key issues and decision points and concisely communicate the information verbally and in writing.
• Prepare and present written/oral reports to senior management setting forth all issues influencing evaluations 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.
• Select and utilize structure brokers.
• Maintain a diary of all claims, post reserves in a timely fashion, and expeditiously respond to inquiries from the insured, counsel, underwriters, brokers, and senior management regarding claims.

Benefits

• Multiple medical plans plus dental, vision and prescription drug coverage.
• Competitive 401k with generous matching.
• PTO beginning at 20 days per year.
• Up to 12 paid company holidays per year plus 2 paid days of Volunteer Time Offer.
• Basic Life and AD&D Insurance as well as Short and Long-Term Disability.
• Paid Parental Leave of up to 10 weeks.
• Student Loan Assistance and Tuition Reimbursement.
• Backup Child and Elder Care.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: Bachelor's degree