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Job Description

Armour Risk Management, Inc. is a growing and dynamic business operating in the global insurance and reinsurance market, focusing on the United States, UK, Continental Europe, and Bermuda.

We operate in the Property & Casualty (P&C) market covering the non-life sector of the insurance market. The sector is highly diversified across over 150 different risk classifications. We work closely with institutional investors to a large fund made up of a number of leading blue chip investors, foundations and companies. We currently have offices in the US, Bermuda and the UK including Hamilton, Philadelphia, and London. We have ambitious expansion plans and look to recruit determined and enthusiastic people to our hard-working team.

Position Summary

The Insurance Claims Manager - Latent Liabilities role provides oversight to claims professionals handling latent liability claims (asbestos, environmental, etc.). Successful candidates will be responsible for both claim handling activities and operational matters associated with the latent claim team. Prior management experience is required. This position is located in our Quincy, MA office.

Key Tasks & Objectives

  • Oversight and monitoring of quality control with respect to latent claims
  • Manage claim expenses and indemnity payments
  • Monitor closing activity, productivity and cycle time
  • Strategize on complex and high exposure claims
  • Assist in staffing of latent claim handling team
  • Complete diary reviews
  • Conduct periodic claim audits
  • Closely monitor reserve adequacy
  • Ensure utilization of appropriate cost containment measures to reduce overall claim costs
  • Approve reserve transactions and settlements in excess of claim professional's authority levels
  • Ensure compliance with best practices

Key Technical Skills, Knowledge, Professional Qualifications

  • A Bachelor's degree is preferred or equivalent experience
  • 10+ years of successful liability supervisory experience or high-level claim technical experience
  • Significant experience with latent claims handling (asbestos, environmental, sexual abuse)
  • Knowledge of reinsurance and reinsurance claims a plus
  • In-depth knowledge of GL coverage
  • Experience with multiple jurisdictions preferred
  • Ability to analyze claim statistical data
  • Proficiency with current Microsoft Office products

Key Personal Skills Required

  • Ability to collaborate with and motivate others
  • Strong oral and written communication skills
  • Strong negotiation skills
  • Able to demonstrate a flexible approach and adapt to changing requirements and priorities.
  • Exceptional organization and time management skills.

Special Requirements

  • Travel to other offices or locations may be required.
  • Additional hours may be required during busy periods.

Armour offers a comprehensive benefits package that includes medical, dental, vision, STD, LTD, 401(k) with a generous match, and paid time off. Salary is commensurate with experience.

Job Posted by ApplicantPro

Associated topics: adjuster, automobile, bodily, casualty, claimant, insurance adjuster, insurance investigator, investigation, liability adjuster, title examiner

* The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.

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