Claim Account Manager, NAC
Indexed 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.)
- 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%.
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 here to learn more on available benefits.
14400 Arch Insurance Group Inc.
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