Arch Capital Group Ltd.

Claim Account Manager, NAC

Arch Capital Group Ltd.$123K — $166K *
Finance & Insurance
11 - 15 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree preferred.
  • Exceptional communication, influencing, negotiating, and interpersonal skills.
  • Strong problem-solving, analytical, organizational, and time management skills.
  • Minimum of 12 years of experience managing multi-line claims including auto and general liability and workers compensation.
  • Proper Adjuster Licenses in applicable states.
  • Knowledge and expertise in multiple jurisdictions.
  • Strong aptitude with Microsoft Excel, PowerPoint, and Word.

Responsibilities

  • Ensure compliance with all local, federal, and state regulations related to claims.
  • Provide oversight and technical expertise to TPA adjusters handling various claims.
  • Perform claims oversight for high-value claims exceeding $50,000.
  • Participate in mediations and trials, granting reserve and settlement authority.
  • Make coverage determinations and manage claims audits.
  • Act as the claims contact for all accounts written by NAC, addressing service issues.
  • Collaborate with internal units like Finance and IT on issues or projects.

Benefits

  • Multiple medical plans plus dental, vision, and prescription drug coverage.
  • Competitive 401k with generous matching.
  • PTO beginning at 20 days per year with additional paid holidays.
  • Paid Parental Leave of up to 10 weeks.
  • Student Loan Assistance and Tuition Reimbursement.
  • Backup Child and Elder Care support.
Full Job Description

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 SkillsetRequirements

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

  • Bachelor'sdegree 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 to learn more on available benefits.

14400 Arch Insurance Group Inc.

About Arch Capital Group Ltd.

Arch Capital Group Ltd. is a Bermuda-based public limited liability company which writes insurance, reinsurance and mortgage insurance on a worldwide basis. Arch Capital Services Inc. provides support and expertise to entities across ACGL to help them operate effectively and efficiently. Arch is committed to helping its associates create what’s next by providing access to a variety of programs supporting your professional development and a culture that encourages innovation, collaboration and professional growth. Arch Capital Group Ltd. is a Bermuda-based public limited liability company which writes insurance, reinsurance and mortgage insurance on a worldwide basis. Arch Capital Services Inc. provides support and expertise to entities across ACGL to help them operate effectively and efficiently. Arch is committed to helping its associates create what’s next by providing access to a variety of programs supporting your professional development and a culture that encourages innovation, collaboration and professional growth.
Learn more about Arch Capital Group Ltd.
Size
4,000 employees
Market Cap
$23.1 billion
Industry
Net Income
$1.4 billion
5 Year Trend
+16.3%
Revenue
$8.3 billion

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