Vice President Woodbury, NY
In a rapidly changing world, HUB advises businesses and individuals on how to prepare for the unexpected. As the 5th largest global insurance broker, our focus is dedicated to providing our customers with the peace of mind that what matters most will be protected — through unrelenting advocacy and tailored insurance solutions that put our clients in control. Our growing team of 18,000 employees in 750 offices across North America and Canada represents a broad, deep and one-of-a kind aggregation of entrepreneurs and leaders recognized for their excellence throughout the insurance community and being one of the industry’s leading success in the mergers and acquisitions.
Third-Party Claims Administrator for national insurer seeks a Vice President to work out of its office in Woodbury, New York (hybrid schedule – minimum 3 days per week in office required). The selected individual will be responsible for training, managing, and mentoring a team of adjusters handling both pre-litigation and litigated general liability insurance claims arising under policies that insure commercial real-estate owners of properties located throughout New York City and Long Island.
Specific Responsibilities : include, but are not limited to:
(1) Ensuring that Claims Adjusters are providing superior customer service to meet the needs of the insureds, claimants, brokers and the carrier
(2) Monitoring and providing instructions to Claims Adjusters
(3) Reviewing files and reporting claim details and analysis
(4) Reviewing and confirming the coverage analysis of the Claims Adjusters including the approval of reservation of rights, coverage denial letters and tenders to other carriers
(5) Assisting Claims Adjusters in assessing bodily injury and property damage settlement amounts based on independent judgment and industry experience
(6) Advising Claims Adjusters in assessing potential risk transfer to third-parties as well as potential subrogation opportunities
(7) Reviewing and approve reserves and settlements above the Claims Adjusters’ authority;
(8) Drafting Large Loss Reports to be submitted to the carrier where appropriate
(9) Reviewing status of open files to ensure compliance with Best Practices guidelines, as well as client carrier claim handling requirements
(10); Recognizing and advising Claims Adjusters of applicable jurisdictional issues that impact the claim (i.e.: negligence laws, statutes of limitations, venue requirements, etc.)
(11) Providing Claim Adjusters with guidance and mentoring in investigation of facts to establish negligence, determine liability, and to identify other sources of recovery as appropriate
A minimum of 5 years commercial claims technical claim handling experience or equivalent experience (i.e., insurance defense work or in-house risk management) is required. Also:
Strong verbal and written communication skills
General software skills including MS Word, Outlook and Excel
Solid analytical and decision-making skills in order to evaluate claims and make sound decisions
Excellent negotiation skills and ability to effectively handle conflict
Strong organization and time management skills
Ability to manage others, multi-task and adapt to a changing environment
Attention to detail, ensuring accuracy
Strong investigative skills and creativity to achieve optimal results
Training/Development and Growth opportunities
401(k) with company match
Comprehensive health plans
Strong work/family and employee assistance programs
Flexible work hours
The expected pay range for this position is $90,000 to $115,000 and will be impacted by factors such as the successful candidate’s skills, experience, and work location, as well as the specific position’s business line, scope, and level. HUB International is proud to offer comprehensive benefit and total compensation packages which could include health/dental/vision/life/disability insurance, FSA, HSA and 401(k) accounts, paid-time-off benefits, and eligible bonuses, and commissions for some positions.
Department Account Management & Service
Required Experience: 5-7 years of relevant experience
Required Travel: Negligible
Required Education: Bachelor's degree (4-year degree)
HUB International Limited is an equal opportunity and affirmative action employer that does not discriminate on the basis of race/ethnicity, national origin, religion, age, color, sex, sexual orientation, gender identity, disability or veteran's status, or any other characteristic protected by local, state or federal laws, rules or regulations. The EEO is the Law poster and its supplement is available here athttp://www.dol.gov/ofccp/regs/compliance/posters/ofccpost.htm.
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Hi, we’re HUB.
In a rapidly changing world, we advise businesses and individuals on how to prepare for the unexpected.
When you partner with us, you're at the center of a vast network of experts who will help you reach your goals through risk services, claims management, and compliance support.
And this gives you the peace of mind that what matters most to you will be protected — through unrelenting advocacy and tailored insurance solutions that put you in control.
About HUB International
Headquartered in Chicago, Illinois, HUB International Limited (HUB) is a leading full-service global insurance broker providing property and casualty, life and health, employee benefits, investment and risk management products and services. From offices located throughout North America, HUB’s vast network of specialists provides peace of mind on what matters most by protecting clients through unrelenting advocacy and tailored insurance solutions. For more information, please visit hubinternational.com.