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Arch Capital Services LLC

Claim Account Manager, NAC

Reposted 24 Days Ago
Be an Early Applicant
In-Office
Chicago, IL, USA
150K-167K Annually
Expert/Leader
In-Office
Chicago, IL, USA
150K-167K Annually
Expert/Leader
Oversee multi-line claims, ensuring compliance with regulations, providing technical oversight to TPA adjusters, and managing client relationships. Engage in strategic discussions and data analysis to optimize claims outcomes, while addressing regulatory issues and collaborating with internal business units.
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With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠.

Position Responsibilities

  • Ensure compliance with all local, federal and state regulations related to claims while minimizing risk/exposure to the Arch organization.
  • Provide technical expertise and oversight to TPA adjusters handling workers compensation, auto liability & general Liability claims which also include handling and supervision of outsourced claims.
  • Work with our TPA’s to ensure proper claims handling and service delivery, this includes
    • Performing claims oversight on claims with an expected value of over $50,000 for guaranteed cost policies and at 50% of the retention for deductible and self-insured business
    • Attend mediations and trials.
    • Granting reserve and settlement authority on cases above the TPA’s authority
    • Making coverage determinations and writing Reservation of Rights and coverage disclaimer letters
    • Completing claims audits at TPA branch claims offices or online
    • Handling or facilitating administrative tasks between Arch and the TPA to ensure seamless service delivery to the client.
  • Act as the Service Manager/Arch claims contact for all accounts written by NAC, which includes:
    • Participating in client set-up meetings
    • Participating in telephonic as well as in person claims reviews.
    • Participating in mid-term meetings
    • Helping to resolve any claims or service issues that arise
  • Work with Underwriting and Risk Control to assist in the risk selection process, which includes:
    • Reviewing new/renewal submissions and commenting on any claims, legal or jurisdictional issues
    • Addressing potential solutions to current claims or service problems
    • Participating in meetings with brokers and/or prospective accounts
    • Identifying loss trends on an account or book of business level
    • Conducting due diligence reviews on new TPA’s or accounts that want to self-administer claims.
  • Collaborate with other internal business units such as Finance, IT and Legal on any issues or projects that arise.
  • Address state and federal regulatory issues (Medicare issues, state insurance department audits/complaints, state workers compensation board requirements, etc.)

Candidate Skillset Requirements

Provided below are the guidelines the recruiter will use to source and qualify resume submissions:

  • Bachelor's degree preferred.
  • Exceptional communication (written and verbal), influencing, negotiating, listening, and interpersonal skills to effectively develop productive working relationships with internal/external peers and other professionals across organizational lines.
  • Strong problem-solving, analytical, organizational, multitasking, and time management skills
  • Ability to take part in active strategic discussions.
  • Ability to analyze and utilize data to make direct impact on claims outcomes.
  • Minimum of ten (12) years’ working experience overseeing and managing multi-line claims including auto liability, general liability, workers’ compensation, products and professional liability for high deductible and self-insured accounts.
  • Experience monitoring committee process.
  • Proper Adjuster Licenses in all applicable states
  • Ability to handle high severity claims.
  • Knowledge & expertise with multiple jurisdictions
  • Hands-on experience and strong aptitude with Microsoft Excel, PowerPoint and Word
  • Ability to work independently and in a team environment.
  • Willing and able to travel 25%.

#LI-SW1

#LI-HYBRID

For individuals assigned or hired to work in the location(s) indicated below, the base salary range is provided. Range is as of the time of posting. Position is incentive eligible.

For NY/NJ/CA: $123,400 - $166,600/year

For Philly/Hartford/Chicago: $111,100 - $150,000/year

For Atlanta/Dallas/Kansas City: $95,700 - 130,000/year

  • Total individual compensation (base salary, short & long-term incentives) offered will take into account a number of factors including but not limited to geographic location, scope & responsibilities of the role, qualifications, talent availability & specialization as well as business needs. The above pay range may be modified in the future.

  • Arch is committed to helping employees succeed through our comprehensive benefits package that includes multiple medical plans plus dental, vision and prescription drug coverage; a 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; and more. Click here to learn more on available benefits.

     

Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you. If this job isn’t the right fit but you’re interested in working for Arch, create a job alert! Simply create an account and opt in to receive emails when we have job openings that meet your criteria. Join our talent community to share your preferences directly with Arch’s Talent Acquisition team.

14400 Arch Insurance Group Inc.

Arch Capital Services LLC Chicago, Illinois, USA Office

311 South Wacker Drive, Suite 3700, Chicago, United States, 60606

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