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Sr. Claims Account Manager, Construction

Arch Capital Group Ltd. · Chicago, Illinois, US

With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and commun...

Job description

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. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠. Position Summary: The Claims Division is seeking a Claims Account Manager (CAM/AVP) to join the Central Construction Team. In this role, the incumbent will actively manage and effectively oversee Third-party Administrator(TPA) Team members handling Construction Worker's Compensation and construction liability claims (GL, AL, APD) for high-exposure commercial business accounts. Responsibilities: - Work with our TPA’s to ensure proper claims handling and service delivery, this includes: - Performing claims oversight on claims with an expected value 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...