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Arch Capital Services LLC

Claims Examiner, DRC

Posted One Month Ago
Be an Early Applicant
Hybrid
Chicago, IL, USA
72K-90K Annually
Mid level
Hybrid
Chicago, IL, USA
72K-90K Annually
Mid level
Investigate, evaluate, document, and resolve low-complexity commercial first- and third-party insurance claims. Responsibilities include assessing coverage, liability, and damages; reviewing evidence; maintaining reserves; communicating with stakeholders; following regulatory requirements; and completing timely claim resolution actions.
The summary above was generated by AI

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 Summary

The Claims Division is seeking a team member to join the Shared Services Team as a Claims Examiner. Responsibilities include investigating, evaluating and resolving various types of commercial first and third party low complexity claims. This requires accurate and thorough documentation, as well as completion of resolution action plans based upon the applicable law, coverage and supporting evidence.


Responsibilities

  • Provide and maintain exceptional customer service and ongoing communication to the appropriate stakeholders through the life of the claim including prompt contact and follow up to complete timely and accurate investigation, damage evaluation and claim resolution in accordance with regulatory, company standards, and authority level
  • Conduct thorough investigation of coverage, liability and damages; must document facts and maintain evidence to support claim resolution
  • Review and analyze supporting damage documentation
  • Comply and stay abreast of all statutory and regulatory requirements in all applicable jurisdictions
  • Establish appropriate loss and expense reserves with documented rationale
  • Demonstrate technical efficiency through timely and consistent execution of best claim handling practices and guidelines

Experience & Qualifications

  • Hands on experience and strong aptitude with Outlook, Microsoft Excel, PowerPoint and Work
  • Knowledge of ImageRight preferred
  • Exceptional communication (written and verbal), influencing, evaluation, listening, and interpersonal skills to effectively develop productive working relationships with internal/external peers and other professionals across organizational lines
  • Ability to take part in active strategic discussions and leverage technical knowledge to make cost-effective decisions
  • Strong time management and organizational skills; ability to adhere to both internal and external regulatory timelines
  • Ability to work well independently and in a team environment
  • New York Claim Adjuster license preferred, but not required for posting. Upon employment candidate would be required to obtain New York and Texas Claim Adjuster license within six months of hire date.

Education

  • Bachelors degree preferred
  • 3-5 years’ experience handling the process of commercial insurance claims
  • New York and Texas adjuster license preferred or willing to obtain within 6 months or hire date.

#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.

$72,000 - $90,000/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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