Director of Insurance Claims

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August 25

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Foundation Risk Partners

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Insurance

Foundation Risk Partners is a rapidly expanding insurance brokerage and consulting firm based in the United States. Comprising a network of respected insurance agencies, it covers the full spectrum of the insurance landscape with a client-focused approach. The company offers expertise in employee benefits, commercial insurance, personal insurance, and risk management, providing cost-saving strategies, comprehensive coverage options, and tailored solutions to predict and mitigate risks. Foundation Risk Partners emphasizes collaboration, excellence, and innovative solutions to deliver a unique insurance experience to its clients.

1001 - 5000 employees

Founded 2017

💰 $2M Debt Financing on 2020-08

📋 Description

• Foundation Risk Partners, one of the fastest growing insurance brokerage and consulting firms in the US, is adding a Director of Insurance Claims to their dynamic team! This is a 100% remote role that will work with clients located in PST time zone. • Job Summary: • The Director of Insurance Claims is responsible for the oversight, monitoring, reporting of statuses and facilitation of claim resolutions and settlements that have a direct positive financial or other business impact on the clients. These services will be provided for clients with a combined income excess $50K in revenue. This position coordinates the reporting and advocacy of commercial property & casualty insurance claims. Claims/Risk Manager engages in coverage review and analysis; prepares coverage reconsideration requests; coordinates the scheduling of quarterly Claims Strategy Discussions to include the insurer adjusters and/or Claims Account Executive and the insured; maintain client contacts; and analyze available loss data for claims metrics. • Essential Functions: • Solely responsible for large multi-family account • Provides effective guidance and client advocacy to the adjustment of claims for property, general liability, workers compensation, professional liability, and other lines of coverage • Identify potential coverage issues and provide policy interpretation • Review and develop rebuttal responses to issued Reservation of Rights and Coverage Declinations • Review of Proof of Losses / Statement of Losses on both Personal Lines and Commercial Lines claims • Identify claims to be reviewed with clients and carrier partners and coordinate, schedule and oversee meetings scheduled on a predetermined basis • Monitors the carrier’s investigation, evaluation, and settlements of claims • Review reserving accuracy to insure they are appropriate for exposure • Monitors payments on claims, including CAT claims for both Personal Lines and Commercial Lines clients • Assist internal and external customers by providing claim statuses, analyze settlement offers, review and resolve coverage questions, and collaborate on claims strategy • Directly monitors select litigated claims, including oversight of defense counsel • Interact with clients, carrier/TPA adjusters, independent adjusters, public adjusters, experts, and internal team members • Identifies and resolves problems in a timely manner following established guideline • Identifies and resolves problems in a timely manner following established guideline

🎯 Requirements

• Property & Casualty/or All Lines Adjuster License in home state (required) • High school diploma or equivalent • Some college helpful • Professional Designations (AIC, ARM, AINS) preferred • 5-7 years’ experience in handling 1st and 3rd party property & casualty claims or Agency/Brokerage Claims Advocacy/Risk Management • Strong commercial/personal lines multi-line claim handling experience • Proficient in Microsoft Office Suite, Adobe Pro, and insurance agency management software (EPIC) (AMS360) • Strong experience in risk management • Strong organizational skills that reflect ability to perform and prioritize multiple tasks seamlessly with excellent attention to detail • Proficient level written and verbal communication skills • Demonstrated proactive approaches to problem-solving with strong decision-making capability • Demonstrated ability to achieve high performance goals and meet deadlines in a fast-paced environment • Proven ability to handle confidential information with discretion, be adaptable to various competing demands, and demonstrate the highest level of customer/client service and response.

🏖️ Benefits

• FRP offers a comprehensive range of health-related benefit options including medical, vision, and dental. We offer a 401(k) with company match, company paid life insurance, STD, LTD and a generous PTO policy starting at 18 days per year plus 10 paid holidays & 2 floating holidays!