Arch

Senior Casualty Claims Examiner

US-NJ-Jersey City
Job ID
2018-1588
# of Openings
1
Category
Claims

Overview

Arch Capital Group Ltd. (NASDAQ: ACGL)) is a Bermuda public limited liability company with approximately $10.5 billion in capital at December 31, 2016, and, through operations in Bermuda, the United States, Europe and Canada, writes specialty lines of property and casualty insurance and reinsurance, as well as mortgage insurance and reinsurance, on a worldwide basis. Our unique underwriting platform, successful management team and strong capital base has enabled us to establish a prominent presence in the global insurance and reinsurance markets.

 

 

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, Australia and South Africa, 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. 

 

 

Responsibilities

The Position

Manage Casualty claims in which Arch is the primary and/or excess carrier. This requires review and assessment of coverage, liability and damages in jurisdictions throughout the United States, complying with each jurisdiction's applicable statutes, rules and case law.

 

 

Job Responsibilities

  • Manage Casualty claims in which Arch is the primary and/or excess carrier. This requires review and assessment of coverage, liability and damages in jurisdictions throughout the United States, complying with each jurisdiction's applicable statutes, rules and case law.
  • Identify and assess coverage issues, draft coverage position letters and when necessary, retain coverage counsel. Develop and implement strategy relative to coverage issues which correlate with the overall strategy of matters entrusted to the handler's care.
  • Analyze coverage, liability and damages for purposes of assessing and recommending reserves. Prepare and present written and oral reports to senior management setting forth all issues influencing evaluation and recommending reserves. Develop and implement a strategy to resolve matters of liability and damages of a particular case in accordance with contractual obligations.
  • Timely and accurate resolution; ensuring mitigation of indemnity and expense exposure while communicating developments and outcomes as necessary to all key internal and external clients. Revising case reserves based on developments in the course of adjusting the claim.
  • Be alert to insurance fraud and implement special procedures if possible fraud is detected.
  • Settle claims within assigned levels of authority.
  • Maintain contact with the insured, underwriter, primary adjuster, reinsurers and counsel.
  • Retain defense counsel when necessary and direct counsel in accordance with litigation guidelines ensuring an effective resolution strategy.   Maintain effective vendor and litigation management.
  • Maintain an effective diary.
  • Attend mediations, trials, and other proceedings relevant to the resolution of the matter; travel requirement 10%.
  • Negotiate resolution of claims.
  • Select and utilize structure brokers.
  • Review and pay bills, invoices and process indemnity payments.   


 

 

Qualifications

Desired Skills

 

  • Strong evaluation and negotiation skills
  • Strong problem-solving and analytical skills
  • Hands-on experience and strong aptitude with Microsoft Excel, PowerPoint and Word
  • Excellent written/verbal communication and organizational skills
  • Ability to work well in a team environment
  • Ability to take part in active strategic discussions

 

Required Skills/Experience

 

  • College degree, JD Preferred
  • 7-10 years of related experience
  • Primary and/or Excess Casualty Claims experience
  • Energy Casualty, Construction and/or Rail experience is a plus
  • Proper Adjuster Licenses in all applicable States

 

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