Arch Insurance Group Inc.
AVP, Property - Litigation Claims
Arch Insurance Group Inc., Jersey City, New Jersey, United States, 07390
Position Summary
Arch Insurance Group Inc., (AIGI), has an opening with the Claims Division on the Property Team as an AVP Property Litigation Specialist. In this role, the responsibilities include actively managing first‑party Commercial Property litigation claims resulting from suits against the company. Lines of business include Commercial Excess and Surplus, Middle Market Property and Property Programs.
Responsibilities
Manage litigated claims consistent with Arch litigation management guidelines.
Collaborate with internal legal team on selection of counsel, case evaluation and litigation strategy.
Present to Claim and Underwriting management regarding specific claims and broader trends.
Develop alternative case resolution strategies as appropriate.
Develop and update litigation plan.
Prepare and update legal expense budgets.
Participate as Subject Matter Expert in development of training for internal and TPA staff.
For Program claims, maintain contact with the TPA claim staff, business line leader, underwriter, and defense counsel, and program manager.
Provide feedback to Property Claim management on trends or patterns related to drivers of litigation.
Investigate claim and review the insureds' materials, pleadings, and other relevant documents.
Identify and review each jurisdiction's applicable statutes, rules, and case law.
Review litigation materials including depositions and expert's reports.
Travel to and from locations within the United States to attend mediations, trials, and other proceedings relevant to the resolution of the matter.
Negotiate resolution of claims.
Maintain a diary of all claims, post reserves in a timely fashion, and expeditiously respond to claims inquiries from insured, counsel, underwriters, brokers, and senior management.
Qualifications
First‑party Commercial Property litigation experience, preferably in key states (Florida, Louisiana, Texas).
Considerable working knowledge of insurance industry and insurance claims operations particularly in the area of commercial property claims, property policy construction, ISO Commercial Property forms, and property insurance coverage evaluation/interpretation.
5+ years of claims litigation handling experience.
Proper licensing in all applicable states.
Legal concepts and processes knowledge base.
Exceptional communication (written and verbal), influencing, evaluating, negotiating, listening, and interpersonal skills to effectively develop productive working relationships with internal/external peers and other professionals across organizational lines.
Strong time‑management and organizational skills.
Ability to take part in active strategic discussions.
Ability to work well independently and in a team environment.
Hands‑on experience and strong aptitude with Microsoft Excel, PowerPoint, and Word.
Education and Experience
Bachelor’s degree required.
JD required.
Willing and able to travel 10‑15 % of the time.
Reasonable proximity to a major airport.
Compensation and Benefits Base pay range: $107,900 / yr – $175,000 / yr. Position is incentive eligible.
Total individual compensation (base salary, short‑ and long‑term incentives) will take into account factors such as geographic location, scope & responsibilities of the role, qualifications, talent availability & specialization, and business needs.
Arch is committed to helping employees succeed through a comprehensive benefits package that includes:
Multiple medical plans plus dental, vision and prescription drug coverage;
A competitive 401(k) 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.
About Arch Insurance Group Inc. With a company culture rooted in collaboration, expertise, and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. In short, We Enable Possibility℠.
Not a perfect fit? Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you. If this job isn’t the right fit but you’re interested in working for Arch, create a job alert and join our talent community to share your preferences directly with Arch’s Talent Acquisition team.
#J-18808-Ljbffr
Responsibilities
Manage litigated claims consistent with Arch litigation management guidelines.
Collaborate with internal legal team on selection of counsel, case evaluation and litigation strategy.
Present to Claim and Underwriting management regarding specific claims and broader trends.
Develop alternative case resolution strategies as appropriate.
Develop and update litigation plan.
Prepare and update legal expense budgets.
Participate as Subject Matter Expert in development of training for internal and TPA staff.
For Program claims, maintain contact with the TPA claim staff, business line leader, underwriter, and defense counsel, and program manager.
Provide feedback to Property Claim management on trends or patterns related to drivers of litigation.
Investigate claim and review the insureds' materials, pleadings, and other relevant documents.
Identify and review each jurisdiction's applicable statutes, rules, and case law.
Review litigation materials including depositions and expert's reports.
Travel to and from locations within the United States to attend mediations, trials, and other proceedings relevant to the resolution of the matter.
Negotiate resolution of claims.
Maintain a diary of all claims, post reserves in a timely fashion, and expeditiously respond to claims inquiries from insured, counsel, underwriters, brokers, and senior management.
Qualifications
First‑party Commercial Property litigation experience, preferably in key states (Florida, Louisiana, Texas).
Considerable working knowledge of insurance industry and insurance claims operations particularly in the area of commercial property claims, property policy construction, ISO Commercial Property forms, and property insurance coverage evaluation/interpretation.
5+ years of claims litigation handling experience.
Proper licensing in all applicable states.
Legal concepts and processes knowledge base.
Exceptional communication (written and verbal), influencing, evaluating, negotiating, listening, and interpersonal skills to effectively develop productive working relationships with internal/external peers and other professionals across organizational lines.
Strong time‑management and organizational skills.
Ability to take part in active strategic discussions.
Ability to work well independently and in a team environment.
Hands‑on experience and strong aptitude with Microsoft Excel, PowerPoint, and Word.
Education and Experience
Bachelor’s degree required.
JD required.
Willing and able to travel 10‑15 % of the time.
Reasonable proximity to a major airport.
Compensation and Benefits Base pay range: $107,900 / yr – $175,000 / yr. Position is incentive eligible.
Total individual compensation (base salary, short‑ and long‑term incentives) will take into account factors such as geographic location, scope & responsibilities of the role, qualifications, talent availability & specialization, and business needs.
Arch is committed to helping employees succeed through a comprehensive benefits package that includes:
Multiple medical plans plus dental, vision and prescription drug coverage;
A competitive 401(k) 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.
About Arch Insurance Group Inc. With a company culture rooted in collaboration, expertise, and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. In short, We Enable Possibility℠.
Not a perfect fit? Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you. If this job isn’t the right fit but you’re interested in working for Arch, create a job alert and join our talent community to share your preferences directly with Arch’s Talent Acquisition team.
#J-18808-Ljbffr