Claims Specialist – Excess Casualty
| Company | Arch Capital Group |
|---|---|
| Location | O’Fallon, MO, USA, Dallas, TX, USA, Williston Park, NY, USA, Chicago, IL, USA, Alpharetta, GA, USA, Hartford, CT, USA, New York, NY, USA |
| Salary | $107400 – $160000 |
| Type | Full-Time |
| Degrees | Bachelor’s |
| Experience Level | Senior, Expert or higher |
Requirements
- Bachelor’s degree or 10 years of working experience in lieu of degree
- Seven to ten (7-10) years of working experience with a primary and or excess carrier supporting commercial accounts for Casualty claims; professional liability claims experience with Energy Casualty and Construction a plus
- Proper & active adjuster licensing in all applicable states
- 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
- 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 10%
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 the underlying 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
- 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
Preferred Qualifications
- Professional liability claims experience with Energy Casualty and Construction a plus