Executive General Adjuster, Property

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🔥 21 hours ago

🏄 California, Illinois, +2 more states – Remote

🏄 California – Remote 🌽 Illinois – Remote 🏖️ New Jersey – Remote 🍂 Massachusetts – Remote

💵 $111.1k - $135k / year

⏰ Full Time

🟠 Senior

🔴 Lead

👔 Executive

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Arch Capital Group Ltd.

WebsiteLinkedInAll Job Openings

5001 - 10000 employees

Founded 2001

💸 Finance

🏢 Enterprise

Insurance • Finance • Enterprise

Arch Capital Group Ltd. is a global leader in providing specialty insurance, reinsurance, and mortgage insurance solutions. Arch offers risk management and risk financing services across a range of industries and operates through distinct businesses in North America, Europe, and Australia. The company is known for its innovative approach to risk, utilizing cutting-edge analysis to target and price risks effectively. Arch Capital Group's portfolio and operations reflect their commitment to sustainability and governance while continually seeking new market opportunities. Additionally, Arch Capital is recognized for its financial strength and increasing shareholder value through strategic growth and investments.

📋 Description

• Handles first party property claims of high severity and complexity as assigned • Completes field inspection of losses including accurate scope of damages, photographs, and estimates • Broad scale use of innovative technologies • Investigates and evaluates all relevant facts to determine coverage, damages and liability of first-party property damage claims (including but not limited to analyzing leases, contracts, by-laws and other relevant documents which may have an impact), damages, business interruption calculations and liability of first-party property claims under a variety of policies • Secures recorded or written statements as appropriate • Establishes timely and accurate claim and expense reserves • Determines appropriate settlement amount based on independent judgment, computer assisted building and/or contents estimate, estimation of actual cash value and replacement value, contractor estimate validation, appraisals, application of applicable limits and deductibles and work product of Independent Adjusters • Negotiates with multiple constituents, i.e.; contractors or insured's representatives and conveys claim settlements within authority limits • Writes denial letters, Reservation of Rights and other complex correspondence • Properly assesses extent of damages and manages damages through proper usage of cost evaluation tools • Meets all quality standards and expectations in accordance with the Company Guidelines • Maintains diary system, capturing all required data and documents claim file activities in accordance with established procedures • Manages file inventory to ensure timely resolution of cases • Handles files in compliance with state regulations, where applicable • Provides excellent customer service to meet the needs of the insured, agent and all other internal and external customers/business partners • Recognizes when to refer claims to Special Investigations Unit and/or Subrogation Unit • Performs administrative functions such as expense accounts, time off reporting, etc. as required • May attend depositions, mediations, arbitrations, pre-trials, trials and all other legal proceedings, as needed • This position will require participation in our Catastrophe Response Program to assist our customers in other states.

🎯 Requirements

• Ten to fifteen (10-15) years of work experience at an insurance company and/or insurance claims loss adjustment service provider managing property claims process supporting commercial accounts • 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 • Proper adjuster licensing in all applicable states • Legal concepts and processes knowledge base • Exceptional communication (written and verbal), influencing, evaluation, 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 • Demonstrated ability to take part in active strategic discussions • Demonstrated ability to work well independently and in a team environment • Hands-on experience and strong aptitude with Microsoft Excel, PowerPoint, and Word • Willing and able to travel up to 75%

🏖️ Benefits

• multiple medical plans plus dental, vision and prescription drug coverage • competitive 401k 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