Senior Claims Specialist - Surety - Axis Capital Holdings
Red Bank, NJ
About the Job
This is your opportunity to join AXIS Capital – a trusted global provider of specialty lines insurance and reinsurance. We stand apart for our outstanding client service, intelligent risk taking and superior risk adjusted returns for our shareholders. We also proudly maintain an entrepreneurial, disciplined and ethical corporate culture. As a member of AXIS, you join a team that is among the best in the industry.
At AXIS, we believe that we are only as strong as our people. We strive to create an inclusive and welcoming culture where employees of all backgrounds and from all walks of life feel comfortable and empowered to be themselves. This means that we bring our whole selves to work.
All qualified applicants will receive consideration for employment without regard to race, color, religion or creed, sex, pregnancy, sexual orientation, gender identity or expression, national origin or ancestry, citizenship, physical or mental disability, age, marital status, civil union status, family or parental status, or any other characteristic protected by law. Accommodation is available upon request for candidates taking part in the selection process.
AXIS is seeking aSenior Claim Specialist–Suretyto join our North America Claims team. This rolewill reporttothe Head ofTPA & ProgramsClaims. As a direct report to the Head ofTPA & ProgramsClaims,the candidate shouldpossessthe ability tohandleSuretyin the short term and, over time,develop a sophisticated team of claims professionals handling and managingSuretyClaims.
This role willbe responsible forthe handling ofSuretyClaims. The ideal candidate willultimatelygrow,lead,and developa teamof claims professionals that willbe responsible for:
Direct management of claims including the investigation, analysis and evaluation of coverage liability and damages, within best practices
Providingtechnical advice, training andguidance to direct reportsand TPA/Contractor adjustersincluding strategic direction
Recruiting,hiringandretainingtop talent and developappropriate successionplans
Reviewingclaims todeterminenature of loss, coverage provided, and scope of claim and toguide strategic directionregardingsettlement/dispositionofclaims
Developingandmaintainingrelationships with internal and external partners as their lead contact within the claims department for assigned claims and the claims of his/her direct reports.
Close collaboration with the SpecialtyComplexClaimsteamwith regard tocoverage disputes, including litigation and arbitrationmattersinitiatedby Axis issuing companies and when Axis issuing companies are parties to such litigation;Collaborating across disciplines and business units, including: the general counsel team overseeing errors and omissions issues arising from claimshandling
Escalating coverage issues and recommending outside coverage counsel assignmentsfor approvalwherewarranted
Formulating claims and litigation strategies, assigning, directing, and managing outside counsel
Managing costs, including use of coverage counsel and litigation costs as well as collaborating and working with the Litigation Management and Vendor Management teams ensuring cost management and the development and enhancement of thevendorpanels
Fosteringrelationships and communicatingextensively with senior executives, brokers, reinsurers, actuaries,underwriters,insureds, and auditors (both external and internal)
Supporting underwriting inquiries and information requestsregardingpolicy construction and drafting, reporting claim trends, data analysis, and risk assessments
Maintainingdocumentation of key line of business statistics and metrics
Leadingandparticipatingin presentations and discussions with Underwriters and Insureds on large losses and claim trends
Leading andparticipatingin claim audits, audit wrap up meetings, and formal resultreporting
Identifying, liability and coverage trends and issues with both individual and portfolio impact and formulating the processes and strategies for handling such claims as well as ensuringaccurateand consistent claims management across impacted underwriting segments and lines of business.
Actively coaching and mentoring direct reports, providing regular feedback, and developing employees for broader roles and responsibilities that support professional growth and development and working collaboratively with HR Business partner support and guidance.
Other duties asassigned
KEY SKILLS & ABILITIES:
5-10+ years of claims management experienceinSuretyClaims,as well as:
Demonstrated leadership, organizational, and management skillsor experience practicing law as well as claims management (both directly managed and TPA managed claims)
Demonstrated ability to influence and collaborate at all organizational levels, both internally and externally as well as the ability toidentifyand resolve complex, disputedclaims
Analytical thinker that can drive results using allfacetsof the legal and claimsprocesses
Understanding of and ability to balance both the immediate claim issues as well as the broader portfolio impact and customer service impact of coverage disputes andissues
Excellent oral and written communication skills with the ability to deal effectively with people with conflicting expectations, differing opinions, and multipleviewpoints
Demonstrated ability and experience handlingcasualtyclaimsinvolving a wide variety of loss scenarios as well as reporting and presenting about same to seniormanagement
In-depth knowledge of claims, litigation, arbitration, and trial processes as well as excellent analytical, investigative, and negotiating skills
Bachelor’s degreerequired. JD a plus.
Technical knowledge, skills, and training within the field to include:
Complex coverage analysis and experiencerequired
Confidence in coverage,evaluationand reserving
Excellent writing and editingskills
Solid negotiation and settlement skills
Supervisory perspective, with experience providing direction and authority toadjusters
Familiarity with KPI, Data, and Metrics a plus
Valid licenses by state asrequiredand add states to certifications asneeded
Travel is associated with this role (e.g.,team management, court proceedings, mediations, and settlement)
For this position, we expect to offer a base salary in the range of USD $145,000 - $170,000. The specific salary offer will be based on an assessment of a variety of factors, including the experience of the successful candidate and their work location. In addition, all employees are eligible for competitive incentive targets, with awards based on overall corporate and individual performance. On top of this, we offer a comprehensive and competitive benefits package which includes medical plans for employees and their families, health and wellness programs, retirement plans, tuition reimbursement, paid vacation, and much more.