Assistant Vice President, Claims

Hamilton; United States; Hybrid; USD 180,000 - 280,000; Full time

Benefits offered by this job

Matching 401K plan

Medical, dental, vision, life, disability

Generous time off including parental leave

Gym subsidy

Continued support for professional development

Gym subsidy

My day (additional days leave)

Job summary

A global insurance company is seeking an Assistant Vice President, Claims to manage Financial Lines claims efficiently. The ideal candidate has a law degree, with over 10 years of experience in claims management. Responsibilities include evaluating liability exposures, managing Excess Casualty claims, and leading a team to maintain high operational standards. The position offers a hybrid work model, competitive salary, and comprehensive benefits including a 401K plan and generous time off.

Qualifications

• Minimum of 10 years Financial Lines claims experience in progressively senior roles.
• Proven ability to provide coverage and liability analysis for complex Financial Lines claims.
• Ability to prioritize and manage deadlines within a hybrid work environment.
• Proven ability to provide coverage, liability and damages analysis for complex Financial Lines claims.
• Excess Casualty claims experience is advantageous.
• Solid knowledge of contract terms and structures.
• Strong negotiation and leadership skills.
• Excellent time management, problem solving, and organizational skills.

Responsibilities

• Manage Financial Lines Claims to achieve high standards.
• Evaluate liability exposures and recommend accurate reserves.
• Draft case summary reports for significant reserve increases.
• Examine new and existing claims and review contractual wordings for coverage assessments.
• Evaluate liabilities and reserve requirements and communicate findings.
• Identify exposures and claim trends affecting portfolios.
• Draft case summaries and present management reports at claims meetings.
• Attend external client meetings, brokers and networking events as appropriate.

Skills

Financial Lines claims experience

Negotiation skills

Problem-solving

Communication skills

Leadership skills

Advanced Excel skills

Initiative

Education

Law degree and member of the Bar in a US jurisdiction

Bar admission in a US jurisdiction

Insurance designation (RPLU or CPCU)

Tools

Microsoft Office

Excel (Advanced)

SICS

Image Right

Job description

Assistant Vice President, Claims

Based in the US and reporting to the US-based Insurance Claims Coordinator, you will be responsible for Financial Lines Claims management. The role will be based remotely, Hamilton Re is our Bermuda insurer underwriting property, casualty and specialty insurance and reinsurance, on a global basis.

What you will do

• Financial Lines Claims management to achieve high standards of productivity, operational efficiency and alignment of organizational goals
• Management of Excess Casualty Claims as needed
• Provide high level of technical expertise and oversight to junior staff
• Examine new and existing claims, including the review of contractual wordings to prepare assessments of coverage
• Evaluate actual and potential liability exposures, and recommend accurate and timely reserves
• Identify exposures and claim trends which may affect the portfolios
• Provide feedback on claims and trends to underwriting and stakeholders
• Maintain accurate and up-to-date claim files and diary system
• Draft case summary reports in connection with potential significant reserve increases
• Prepare management reports and present at claims meetings
• Attend external client meetings, broker and networking events as appropriate
• Provide backup support to other areas as requested
• Participate in special projects as required
• Ensure compliance with internal corporate guidelines, processes and procedures
• Other duties as required by management
• Some travel as required

Conduct Standards

• You must act with integrity
• You must act with due skill, care and diligence
• You must be open and cooperative with the CBI, FCA, the PRA and other regulators
• You must pay due regard to the interests of customers and treat them fairly
• You must observe proper standards of market conduct
• You must act to deliver good outcomes for retail customers

What you require for the role

• Minimum of 10 years’ Financial Lines claims experience (including D&O, E&O and EPL) in progressively senior roles
• Willingness to manage Excess Casualty Claims
• Law degree and member of the Bar in a US jurisdiction
• Proven ability to provide coverage, liability and damages analysis for complex Financial Lines claims
• Excess Casualty claims experience is advantageous
• Solid knowledge of contract terms and structures
• Strong negotiation skills
• Significant complex problem-solving experience
• A personal commitment to superior performance
• Strong communication skills
• Ability to prioritize and manage deadlines
• Ability to work both independently and collaboratively as part of a team
• Must demonstrate a high level of initiative and leadership skills
• Excellent time management, problem solving, and organizational skills are required
• Insurance designation such as RPLU or CPCU is advantageous
• Knowledge of SICS, Image Right or a similar system is advantageous
• Proficiency in Microsoft Office suite, with advanced Excel skills

What you can expect from us

We offer a vibrant, entrepreneurial, and collaborative culture guided by our values: Be Smart, Be Sensible, Be Open and Be More. We know if we welcome and respect differences, we’ll attract and retain talent that brings a valuable diversity of perspectives and experience. We want all our colleagues to feel that they can bring their whole selves to work at Hamilton and know that they can be part of building a great company.

Hamilton offers a competitive salary with an annual performance-based target bonus and a comprehensive benefits package, to include:

• Hybrid working
• Matching 401K plan
• Medical, dental, vision, life, disability
• Generous time off (including parental leave)
• Continued support for professional development
• Gym subsidy
• My day (additional days leave for personal interests/wellness/charity work etc)

Seniority level

• Executive

Employment type

• Full-time

Job function

• Finance and Sales

Industries

• Insurance