W. R. Berkley

VP, Claims

Posted on: 25 Mar 2021

Minneapolis, MN

Job Description

Company Details

Berkley Human Services is focused on providing superior insurance coverage, claims handling, and risk control solutions to customers in the select niche we serve. Berkley Human Services exclusively provides insurance coverages to Human Services Organizations. Our intimate knowledge of the risk exposures and concerns of our target customers allows us to design and deliver customized, end-to-end solutions. We are passionate about serving those who serve others, and value the trust that we have earned from our many long-term customers.

We are a member company of W.R. Berkley Corporation, a Fortune 500 holding company.

Responsibilities

The Vice President, Claims is responsible for the overall management and direction of the claims department. Equally as important, participation on the Executive Team, that establishes the strategic direction for the company and ensures the overall profitability and success of the company in the human services market

Member of Executive Team

* Proactive participation on Executive Team which establishes and executes the strategic direction of the company
* Work closely with the CEO to discuss, evaluate, and implement strategic directions for the claims operation that supports the overall direction of the company
* Establish solid relationships with other members of the Executive Team in order to improve team performance
* Be able to clearly communicate strategic direction to both internal resources and outside partners and insureds

Overall Management of Claims Operation

* Manage a team of claims professionals by establishing clear performance metrics
* Implement strong policies and procedures designed to produce the desired results
* Ensure the continual professional development of claims professionals on the team by coordinating both internal and external training and development opportunities
* Develop and implement claim best practices for proper and consistent claim performance, compliance and achievement of business goals
* Establish clear reserving standards and ensure that those standards are continually met
* Identify issues and trends in the portfolio; take appropriate and/or corrective action where necessary; communicate trends to underwriters, insureds and brokers
* Identify claims with significant exposure and take a more active role coordinating a strategy for an appropriate resolution
* Coordinate with underwriting on current and proposed policy language and new markets to enter
* Cultivate a departmental culture that excels in communication and collaboration
* Drives the development, implementation and continuous planning, organizing and leading of all claim programs, metrics, processes, results and initiatives

Develop Berkley Human Services into a Thought Leader within the human services marketplace

* Proactively establish relationships with brokers and insureds in order to maximize the competitive advantage derived from the claims operation.
* Develop and manage the reputation of BHSs claims handling in the market
* Attend industry conventions and events and become a sought out thought leader on developing issues
* Attend marketing, account renewal, and reinsurance meetings as appropriate in order to communicate our claims handling philosophy and leading position in this area
* Instill the above philosophies into all claims professionals at the company
* Work closely with companys loss control function to provide value-added services to our insureds that reduce our exposure to loss

Liaison to both internal and external partners of the company

* Liaison with parent company, WR Berkley, on significant individual claims and trends identified in the overall portfolio
* Communicate portfolio trends and potential solutions to underwriting and actuarial areas
* Participate on quarterly performance calls with parent company in anticipation of earnings releases

May perform other functions as assigned.

*This role is physically located in Minneapolis, MN. Relocation assistance is available.

Qualifications

* Bachelors Degree required, advanced degree strongly preferred.
* Minimum of 15 years of experience in Commercial Casualty Claims, with a focus on the Human Services market.
* Significant experience in progressive positions demonstrating technical, operations, and management skills in the claims area.
* Experience in collaborating with an executive team.
* Proven ability to improve organizational effectiveness as well as retain, hire, train and develop Claims professionals.
* Strong interpersonal skills, and ability to communicate and manage well at all levels of the organization essential.
* High level of integrity and dependability with a strong sense of urgency and results-orientation.
* Technical proficiency is required.

Berkley Core Competencies

Developing and Building a Team

Entrepreneurial Leadership

Relationship & Personal Leadership

Technical & Job Effectiveness

Innovation

W. R. Berkley

Greenwich, CT

Founded in 1967, W. R. Berkley Corporation is an insurance holding company that is among the largest commercial lines writers in the United States and operates worldwide in two segments of the property casualty insurance business: Insurance and Reinsurance. Each of the Berkley companies, or operating units, within Berkley participates in a niche market requiring specialized knowledge about a territory or product.

Our competitive advantage lies in our long-term strategy of decentralized operations, allowing each of our Berkley companies to identify and respond quickly and effectively to changing market conditions and local customer needs. This decentralized structure provides financial accountability and incentives to local management and enables us to attract and retain the highest caliber professionals.

We have the expertise and resources to utilize our strengths in the present environment, and the flexibility to anticipate, innovate and respond to whatever opportunities and challenges the future may hold.