Head of Claims, Alternative Markets Division

$120K — $150K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor’s degree required.
  • 10+ years of leadership experience in casualty and property claims management.
  • Experience with multi-line claims focusing on Liability, Property, and Workers Compensation.
  • Significant expertise in casualty insurance.
  • Results-oriented with a strong customer service focus.
  • Strong analytical and communication skills for collaboration at all levels of the organization.
  • Ability to articulate vision and objectives clearly.

Responsibilities

  • Manage the claims department of 54 professionals and support staff.
  • Develop, coach, and assess performance of claims staff.
  • Provide vision, goals, and direction for the claims department.
  • Participate in divisional meetings and training sessions for staff development.
  • Collaborate with underwriting teams on claims trends and insights.
  • Support new business opportunities with claims guidance.
  • Provide strategic direction and tactical leadership for department functions.

Benefits

  • Medical, dental, and vision coverage.
  • Wellness plans and parental leave.
  • Adoption assistance and tuition reimbursement.
  • Paid Time Off and paid holidays.
  • 401(k) plan with company match and employee stock purchase plan.
Full Job Description

Alternative Markets specialized in mono-line and/or multi-line primary programs on either a traditional guaranteed cost (Specialty Programs) or risk-sharing basis (Agency, Association or Group Captives). Alternative Markets focuses on niche programs.

Our Alternative Markets Division is looking for a Head of Claims to work out of our downtown Cincinnati, OH office.

This person will report to the President of the Alternative Markets Division. The role has primary responsibility for managing the division’s claims group. This position will be a Divisional VP or Divisional SVP role, commensurate with experience.

Responsibilities:

As the leader of the Alternative Market claims department, this person will be responsible for these core functions, along with other duties as assigned:

  • Overall management of the claims department of 54 claims professionals and support staff, located in our Cincinnati headquarters and in remote locations across the country.

  • Responsible for performance, development and coaching of all claims staff.

  • Provides vision, goals, and direction and shares accountability for claims support staff located both inside and outside the division.

  • Provides input and actively participates in divisional meetings and training sessions.

  • Partners with underwriting teams to provide insights regarding claims trends and developments.

  • Offers support and counsel in connection with new business opportunities.

  • Provides tactical leadership and strategic direction to the department.

  • Monitors and analyzes data to ensure consistency in quality of reserving, strategies, and outcomes.

  • Ensures that claims handling is conducted in compliance with applicable statutes, regulations and other legal requirements, and that all applicable company procedures and policies are followed.

  • Responsible for nurturing and enhancing a unique claims culture and maintaining high levels of employee engagement as well as a high level of customer service.

  • Provides advice on the resolution of claims files with ultimate authority over settlements / reserves within prescribed limits including oversight and strategy for large claims and overall litigation management.  Submits recommendations to Corporate Claims on cases exceeding personal authority.

  • Provides vision, goals, and direction for claims process and outcome improvement initiatives through utilization of technology, vendor services, and innovative strategies.

  • Works closely with senior leadership team to help make sure the division meets budget and performance targets.

  • Performs other duties as assigned.

Qualifications:

  • Bachelor’s degree is required.

  • 10+ years of leadership experience with significant experience in management of casualty and property claims, including experience with strategic planning and employee development.

  • Previous experience working with multi-line claims, with particular focus in Liability, Property and Workers Comp. 

  • Significant casualty expertise is required.

  • Must be results oriented and customer service focused.

  • Strong analytical and communication skills with the proven ability of partnering with individuals at all levels.

  • Ability to clearly articulate vision and objectives.

  • Insurance industry awareness and involvement.

  • Must be able to travel up to 35% of the time.

Business Unit:

Alternative Markets

Benefits:

We offer competitive benefits packages for full-time and part-time employees*. Full-time employees have access to medical, dental, and vision coverage, wellness plans, parental leave, adoption assistance, and tuition reimbursement. Full-time and eligible part-time employees also enjoy Paid Time Off and paid holidays, a 401(k) plan with company match, an employee stock purchase plan, and commuter benefits.

Compensation varies by role, level, and location and is influenced by skills, experience, and business needs. Your recruiter will provide details about benefits and specific compensation ranges during the hiring process. Learn more at http://www.gaig.com/careers.

 

*Excludes seasonal employees and interns.

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