AVP, Complex Claims

Coaction Specialty Insurance Group

Job Location:

Morristown, NJ - USA

Monthly Salary: $ 165000 - 195000

Posted on: 30+ days ago

Vacancies: 1 Vacancy

Job Summary

At Coaction were a unique mix of leaders achievers thinkers and team players with a high-performance mindset and a diverse skillset. We bring our industry expertise together to continually push the boundaries of what insurance can be for our clients.

The AVP Complex Claims will be managing a team of Claims Professionals handling complex cases including NYLL Construction Defect claims involving complex coverage issues and high-exposure litigated general liability claims.

Responsibilities

Manage a team of Claims Professionals handling complex claims including NYLL Construction Defect and high-exposure litigated general liability claims is required.
Develop and execute strategies to create and maintain a dynamic and positive work environment and culture that enables staff to develop personally and technically.
Ensure team members are engaged in an aggressive and thorough investigation ability to formulate a roadmap in the defense of catastrophic/ high exposure cases and direct and oversee the external defense team.
Drive and develop the technical acumen of the team which handles a significant number of complex and high severity matters.
Ability to synthesize large volumes of information accurately efficiently and timely to analyze claim to determine exposure prepare large loss reports and set appropriate reserves.
Collaborate with your colleagues to drive best practices and optimal claims outcomes.
Ensure team members are adequately prepared for the mediation and all other negotiations and trials where necessary.
Ensure timely and accurate reserving practices.
Review analyze and approve coverage letter. large loss reports and evaluations on claim files.
Close collaboration with underwriting business partners to advise of trends and significant claims activity.
Adhere to company procedures and best practice guidelines and prioritize time sensitive issues.
Frequent interaction and case presentation to senior level executives

Qualifications

Proven track record of managing Claims Professionals handling complex claims including NYLL Construction Defect and high-exposure litigated general liability claims is required.
8 years experience managing complex claims
Being in a Coaction office 3 days a week is REQURIED
Prior management experience of a NYLL claims team is REQUIRED
Prior experience in handling high exposure large losses preferred
Ability to work as a team member take accountability for work product and decisions
Must possess confidence and be a problem solver with an eye towards creative solutions
Skillful negotiator
Effective communication skills a must with an ability to build relationships with our insureds and brokers and partner with our underwriters
Ability to obtain and maintain required adjuster license within 90 days
Bachelors Degree
JD preferred

Salary range specific to for this role : $165000-$195000 discretionary incentive bonus benefits depends on various factors including without limitation individual and organizational performance. The offered rate of compensation will be based on individual education experience and addition employees are eligible for standard benefits package including paid time off medical dental and retirement.

Equal Opportunity Employer

Coaction is an Equal Employment Opportunity employer. Coactions policy is not to discriminate against any applicant or employee based on race color religion national origin gender age sexual orientation gender identity or expression marital status mental or physical disability and genetic information or any other basis protected by applicable law. Coaction also prohibits harassment of applicants or employees based on any of these protected categories.

If your application is selected you will receive an email directly from the Coaction Recruiting Team at asking you to contact a member of the Coaction Recruiting Team. Any other method of contact may be fraudulent.

Responsibilities

Manage a team of Claims Professionals handling complex claims including NYLL Construction Defect and high-exposure litigated general liability claims is required.
Develop and execute strategies to create and maintain a dynamic and positive work environment and culture that enables staff to develop personally and technically.
Ensure team members are engaged in an aggressive and thorough investigation ability to formulate a roadmap in the defense of catastrophic/ high exposure cases and direct and oversee the external defense team.
Drive and develop the technical acumen of the team which handles a significant number of complex and high severity matters.
Ability to synthesize large volumes of information accurately efficiently and timely to analyze claim to determine exposure prepare large loss reports and set appropriate reserves.
Collaborate with your colleagues to drive best practices and optimal claims outcomes.
Ensure team members are adequately prepared for the mediation and all other negotiations and trials where necessary.
Ensure timely and accurate reserving practices.
Review analyze and approve coverage letter. large loss reports and evaluations on claim files.
Close collaboration with underwriting business partners to advise of trends and significant claims activity.
Adhere to company procedures and best practice guidelines and prioritize time sensitive issues.
Frequent interaction and case presentation to senior level executives

Qualifications

Proven track record of managing Claims Professionals handling complex claims including NYLL Construction Defect and high-exposure litigated general liability claims is required.
8 years experience managing complex claims
Being in a Coaction office 3 days a week is REQURIED
Prior management experience of a NYLL claims team is REQUIRED
Prior experience in handling high exposure large losses preferred
Ability to work as a team member take accountability for work product and decisions
Must possess confidence and be a problem solver with an eye towards creative solutions
Skillful negotiator
Effective communication skills a must with an ability to build relationships with our insureds and brokers and partner with our underwriters
Ability to obtain and maintain required adjuster license within 90 days
Bachelors Degree
JD preferred