AVP, North American Claims Group (Finance)
Job Objectives:
Manage the investigation, evaluation, and resolution of claims asserted against the Company's Environmental policies. Oversee and manage the environmental claims staff. Manage claims pending. Engage in collaborative projects in support of other areas of the company, including underwriting, finance and accounting, actuarial, operations, and technology. Provide superior service to all customers, whether internal or external.
Duties and Responsibilities:
· Efficiently manage a vigorous claim volume involving a broad spectrum of accounts and coverages. Ensure the prompt analysis of coverage, issuance of accurate and timely coverage position letters, manage litigation, and interact with insureds, brokers, defense counsel, underwriters and other parties as required. Effectuate the establishment of timely and appropriate reserves and regularly report claim developments and trends to claims and underwriting management.
· Effectively manage and oversee the day-to-day administration of claims, including reviewing coverage position letters and responding to requests for authority. Serve as claims liaison between the insureds and the Company, including responding to claims and related issues. Conduct periodic claim audits, prepare audit reports, and approve service invoices. Provide monthly reports outlining the data available and attend monthly meetings with direct supervisor.
· Work with other areas of the Company including underwriting, finance and accounting, actuarial, operations and technology on projects as requested. Prepare claim summaries and other reports as necessary for management.
· Meet with existing or prospective clients and brokers. Attend company sponsored training events and relevant industry conferences/meetings.
Compensation:
The below annualized base pay range is a broad range based on analysis of similar positions in the market. The actual base pay for the position may be above or below the listed range and determined by a number of considerations, including but not limited to complexity, location, and scope of the role, along with experience, skills, education, training, and other conditions of employment. Base salary represents one component of Allied World's comprehensive total reward package, which may also include annual incentive compensation rewards.
Salary range: $120,000 - $140,000
Requirements:
· A minimum of 10 years' experience managing and handling environmental liability insurance claims or related relevant experience. Experience handling specialty lines claims is strongly preferred. Four-year college degree is required. JD required.
· Knowledge of claims, legal and coverage issues in all U.S. jurisdictions. Excellent negotiation and communication skills. Strong technical skills and writing experience. Proficient with Microsoft Office products, internet research and Genius.
· Ability to accurately and timely analyze coverage, draft coverage position letters and instruct and collaborate with counsel regarding litigation and coverage strategies, negotiate and resolve claims and otherwise act within scope of delegated authority.
· Compliance with multi-state adjuster licensing requirements.
Special Responsibilities:
Position requires the ability to quickly and accurately read, comprehend, analyze and produce written materials and to use a computer for long periods of time. Some travel required.
About Fairfax
Fairfax is a holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and investment management.
About Allied World
Allied World Assurance Company Holdings, Ltd, through its subsidiaries, is a global provider of insurance and reinsurance solutions. We operate under the brand Allied World and have supported clients, cedents and trading partners with thoughtful service and meaningful coverages since 2001. We are a subsidiary of Fairfax Financial Holdings Limited, and we benefit from a worldwide network of affiliated entities that allow us to think and respond in non-traditional ways. Our capital base is strong, our solutions anticipate rather than react to changing trends, and our teams are focused on establishing long-term relationships that are mutually beneficial. Learn more about how we can help you manage your risk by visiting: Web: www.awac.com | Facebook: www.facebook.com/alliedworld | LinkedIn: https://www.linkedin.com/company/allied-world
Our generous benefits package includes: Health and Dental Insurance, 401k plan, and Group Term Life Insurance. Allied World Insurance Company is an Equal Opportunity and Affirmative Action Employer. All qualified applicants will be considered for employment without regard to an individual's race, color, national origin, religion or belief, sex, age, genetic information, marital or civil partnership status, family status, sexual orientation, gender identity, or their protected veteran or disability status. Please visit www.awac.com for further information on Allied World.
