Claim Account Manager, NAC
Arch Insurance Group Inc. · Morristown, NJ · 4 wk ago
HybridSales$123k–$167k/yrFull-time
Position Responsibilities
- Ensure compliance with all local, federal and state regulations related to claims.
- Provide technical expertise and oversight to TPA adjusters handling workers compensation, auto liability & general Liability claims.
- Work with our TPA’s to ensure proper claims handling and service delivery.
- Perform 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.
- Grant reserve and settlement authority on cases above the TPA’s authority.
- Make coverage determinations and write Reservation of Rights and coverage disclaimer letters.
- Complete claims audits at TPA branch claims offices or online.
- Handle or facilitate 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.
- Participate in client set-up meetings.
- Participate in telephonic as well as in person claims reviews.
- Participate in mid-term meetings.
- Help resolve any claims or service issues that arise.
- Work with Underwriting and Risk Control to assist in the risk selection process.
- Review new/renewal submissions and comment on any claims, legal or jurisdictional issues.
- Address potential solutions to current claims or service problems.
- Participate in meetings with brokers and/or prospective accounts.
- Identify loss trends on an account or book of business level.
- Conduct 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
- 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%.
Benefits
- 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.
- 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.