Program & Assumed Re Claims, AVP

IAT Insurance GroupScottsdale, Arizona

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Job Description

IAT Insurance Group has an immediate opening for a Program & Assumed Re Claims, AVP that can be located at any IAT location listed below. This role will provide oversight and management of MGA/TPA business partner claims associated with MGA Program accounts. This role works a hybrid schedule; Monday through Wednesday in the office, with the option of working Thursday and Friday remotely.

AZ Scottsdale
CT Cheshire
FL Sarasota
GA Alpharetta
IL Naperville
IL Rolling Meadows
KS Overland Park
NC Raleigh
NE Omaha
NJ Jersey City
NJ Newark

Responsibilities:

Review, analyze, and approve coverage inquiries/letter drafts from MGA/TPA claim partners
Maintain 24-hour customer service response time with respect to Program Account claim inquiries
Review, analyze, and approve reserve/settlement referrals received from MGA/TPA claim partners within assigned authority level
Recognize and direct subrogation/contribution opportunities associated with Program Account claim referrals
Monitor and provide direction to MGA/TPA claim management on complex/high exposure litigation claims, including extra-contractual and bad faith litigation matters
Provide technical claim guidance to MGA/TPA business partners on claims involving complex coverage, liability, and damages issues
Maintain claim file diaries, monitor, and direct Program Account large loss/complex claim files to resolution to achieve best financial outcome and timely resolution in accordance with Claim Servicing Agreements
Conduct annual Program Account claim audits and report results to Program leadership
Manage MGA/TPA compliance with DOI complaints/inquiries
Manage MGA/TPA compliance with Medicare Section 111 due diligence/reporting requirements
Respond to miscellaneous Program Account business partner inquires/requests
Report large loss and adverse claim development trends to Program leadership
Attend weekly Assumed Re Pipeline meetings and Assumed Re new/renewal treaty Deal-pit meetings
Occasionally participate in Assumed Reinsurance claim audits
Report to senior management and underwriters’ insurance coverage issues, claim trends, and developments
Participate in quarterly actuarial claim reviews
Perform other duties as needed

Qualifications:

Must-Have:

Bachelor’s degree and 12 years of claims experience in Excess and Surplus lines or equivalent
Equivalent is defined as 16 years of Excess and Surplus multi-line property and casualty claims experience including Commercial General Liability, Property, Commercial Auto, Garage, Inland Marine, Umbrella/Excess, Professional Liability, and Personal Lines coverages
CPCU, ASLI, and/or ARe designation
Strong litigation management knowledge
Strong Claim management experience
Ability to work with limited oversight under broad management direction
Ability to adjudicate highly complex claims and insurance coverage disputes with the highest degree of technical complexity
Ability to regularly exercise discretion and independent judgment with respect to matters of significance. This role primarily faces problems and issues that are complex and require an understanding of a broader set of issues.
Must have polished and professional verbal and written communication skills to present information accurately and effectively
Ability to build lasting business relationships
Demonstrate innovative thinking and regularly shares ideas to help the team whenever possible
To qualify, applicants must be authorized to work in the United States and must not require VISA sponsorship, now or in the future, for employment purposes.

Preferred to Have:

Juris Doctor

Our Culture

IAT is the largest private, family-owned property and casualty insurer in the U.S. Insurance Answers Together® is how we define IAT, in letter and in spirit. We work together to provide solutions for people and businesses. We collaborate internally and with our partners to provide the best possible insurance and surety options for our customers.

At IAT, we’re committed to driving and building an open and supportive culture for all. Our employees propel IAT forward – driving innovation, stable partnerships and growth. That’s why we continue to build an engaging workplace culture to attract and retain the best talent.

We offer comprehensive benefits like:

26 PTO Days (Entry Level) + 12 Company Holidays = 38 Paid Days Off
7% 401(k) Company Match and additional Profit Sharing
Hybrid work environment
Numerous training and development opportunities to assist you in furthering your career
Healthcare and Wellness Programs
Opportunity to earn performance-based bonuses
College Loan Assistance Support Plan
Educational Assistance Program
Mentorship Program
Dress for Your Day Policy

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. We maintain a drug-free workplace and participate in E-Verify.

Compensation:

Please note, that the annual gross salary range associated with this posting is $140,000 - $160,000. This range represents the anticipated low and high end of the base salary for this position. Actual salaries will vary based on factors such as a candidate's qualifications, skills, competencies, and geographical location related to this specific role. The total compensation will include a base salary, performance-based bonus opportunities, 401(K) match, profit-sharing opportunities, and more.

To view details of our full benefits, please visit https://www.iatinsurancegroup.com/careers/benefits