Director, Ocean Marine Claims

With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠. Position Summary Arch Insurance Group Inc., (AIGI), has an opening with the Claims Division on the Marine team as a Director, Ocean Marine Claims. The responsibilities of this role will focus heavily on first party Ocean Marine Cargo claims but will include other marine coverage types, including Hull and P&I, Marine Liabilities, Marine Excess, and more. It is anticipated that the role will initially be an individual contributor role but may evolve as Arch’s marine business unit expands. Responsibilities • Actively manage litigated and non-litigated claims consistent with Arch claim and litigation management guidelines • Communicate with all key claim stakeholders, including insureds and insured representatives, claimants, other insurers, producers, surveyors and adjusters, experts and others to bring claims to resolution • Convey key information about individual losses or broader trends to Claim and Underwriting management • Develop and update action plans and accurately set reserves within authority based on claim investigation and through industry knowledge, skills and experience and escalating when appropriate • Participate as Subject Matter Expert in development of training for internal and TPA staff • For Program claims, maintain contact with the TPA claim staff, business line leader, underwriter, and defense counsel, and program manager • Occasional travel to and from locations within the United States and potentially abroad to attend mediations, trials, and other proceedings relevant to the resolution of claims or to represent Arch Marine at industry events and conferences • Negotiate resolution of claims • Maintain a diary of all claims, post reserves in a timely fashion, and expeditiously respond to claims inquiries from insured, counsel, underwriters, brokers, and senior management Experience & Required Skills • 10-15+ years of Ocean marine claims handling experience • Experience with any Inland Marine coverage types and/or marine recoveries is a plus • Marine insurance and claim operations concepts and working knowledge of insurance claims operations in the area of commercial Ocean Marine claims, including direct experience handling hull and marine liability claims and various forms/coverages (e.g. P&I crew and passenger claims, Charterers Legal Liability, Marina Operators Legal Liability and P&I, Ship Repairers Legal Liability, Stevedores Liability, Wharfingers Legal Liability, etc.) • Extensive experience with marine insurance coverage evaluation/interpretation • Exceptional communication (written and verbal), influencing, evaluation, negotiating, listening, customer relations, 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 Education • Bachelor’s degree required • Willing and able to travel 10-15% • Reasonable proximity to major airport #LI_SW1 #LI_HYBRID For individuals assigned or hired to work in the location(s) indicated below, the base salary range is provided. Range is as of the time of posting. Position is incentive eligible. For NYC, Long Island, Jersey City, Morristown: $145,700 - $196,700/year For Chicago, Philadelphia, Hartford: $131,100 - $177,030/year Total individual compensation (base salary, short & long-term incentives) offered will take into account a number of factors including but not limited to geographic location, scope & responsibilities of the role, qualifications, talent availability & specialization as well as business needs. The above pay range may be modified in the future. Arch is committed to helping employees succeed through our comprehensive benefits package that includes multiple medical plans plus dental, vision and prescription drug coverage; a 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; and more. Click here to learn more on available benefits. Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you. If this job isn’t the right fit but you’re interested in working for Arch, create a job alert! Simply create an account and opt in to receive emails when we have job openings that meet your criteria. Join our talent community to share your preferences directly with Arch’s Talent Acquisition team. 14400 Arch Insurance Group Inc. Arch Capital Group Ltd. is a Bermuda-based specialty insurer that provides insurance, reinsurance and mortgage insurance on a worldwide basis. With a 20+-year track record of delivering results and a coveted position on the S&P 500 index, Arch is a great place to grow your career. Attention Job Seekers: Arch Capital Group Ltd. (Arch) and its affiliates take your interest in working here very seriously. Please be vigilant to fraudulent activity if you receive a communication or email asking you to submit any personal information. Do not send money or pass any details to someone suggesting they can provide employment with Arch. You should only enter your information into our official career portal. Please know the following about our interviewing and hiring practices. We never make job offers without a formal, in person, interview process. 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