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Arch Capital Services LLC

Senior DRC Claims Examiner

Posted 14 Days Ago
Be an Early Applicant
In-Office or Remote
Hiring Remotely in Chicago, IL, USA
90K-107K Annually
Senior level
In-Office or Remote
Hiring Remotely in Chicago, IL, USA
90K-107K Annually
Senior level
Manage and resolve commercial insurance claims (including Employment Practices Liability) through investigation, damage evaluation, reserve establishment, negotiation, and stakeholder communication. Ensure regulatory compliance, document evidence, identify subrogation/fraud, support workflow efficiency, and use claims systems and metrics to meet targets.
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 Overview

Shared Services seeks a Senior DRC Claims Examiner responsible for managing and resolving claims with varying complexity, including Employment Practices Liability and other commercial lines. The role supports Shared Services initiatives and workflows, ensuring operational efficiency and collaboration across claims teams. Responsibilities include thorough investigation, strategic resolution planning, and partnership with internal and external stakeholders to deliver best-in-class claims handling.

Primary Job Duties & 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
  • Communicate effectively and timely with internal (such as underwriting) and external customers on claims and account issues
  • Maintain and manage diary system to efficiently manage and resolve assigned pending
  • Identify and communicate trends with senior claims and underwriting management
  • Effectively draft written communications to Insureds and Claimants regarding status of claim i.e. request for information, confirmation of investigatory details and/or coverage position letters
  • Mitigate claim expenses as economically as possible
  • Summarize claims in excess of authority and submit rational to manager for approval
  • Negotiate settlements within approved authority level, issue settlement payments and document all activities
  • Identify potential subrogation and fraud opportunities and make appropriate referrals
  • Support claims workflow efficiency by accurately documenting claim progress, referring high risk exposures outside authority levels and seeking opportunities that enhance operational knowledge
  • Use multiple systems to gather, enter and analyze claim metric data to ensure targets are achieved
Qualifications
  • Bachelor’s degree required
  • 5-7 years of experience handling commercial insurance claims, including Employment Practices Liability.
  • Adjuster licensing in applicable states preferred; ability to obtain required licenses post-hire.
  • Exceptional communication, negotiation, and interpersonal skills.
  • Strong analytical, organizational, and time management abilities.
  • Proficiency in Microsoft Office (Excel, PowerPoint, Word); familiarity with claims systems (e.g., ImageRight) preferred.
  • Ability to work independently and collaboratively in a team environment.

#LI-SW1

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.

$90,000 - $107,000/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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