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Operational Risk Analyst

Employer
AmTrust Financial Services
Location
Jersey City, New Jersey
Salary
Not Specified
Closing date
Jul 17, 2019

View more

Category
Claims, IT , Risk Management
Job Type
Not Specified
Career Level
Not Specified

Job Details

Overview

AmTrust Financial Services, a fast growing commercial insurance company, has an immediate need for a Coverage Analyst.

Responsible for making coverage determinations for liability claims submitted under policies for which AmTrust North America is the claims administrator. The job entails providing guidance to claim adjusters, supervisors and managers concerning coverage for claims under policies as well as approving coverage positions prior to issuance and acting as the coverage adjuster on litigated coverage claims. These roles will preferably be located in one of our claims offices in Melville NY, Southington, CT, Newtown, PA, Maitland, FL, Dallas, TX, Chicago, IL, Concord or Irvine, CA.

Responsibilities

  • Provide coverage analysis to branch offices;
    • Give guidance on additional investigation that may be required to resolve coverage issues
    • Communicate with underwriting for policy issue clarification
    • Inform concerning jurisdictional nuances
    • Determine if outside coverage counsel advice is needed
  • Review and approve coverage position letters drafted by claims adjusters prior to issuance;
  • Make referrals to and communicate with outside coverage counsel;
    • Ensure timely reporting from counsel
    • Review and analyze opinions
    • Provide recommendations to branch offices and VP Claims based on counsel opinions
  • Handle complex coverage issues/claims;
    • Draft coverage positions on complicated issues
    • Communicate and strategize with branch office concerning settlement of underlying claims
  • Adjust litigated coverage claims
    • Make appropriate coverage counsel assignments;
    • Review and analyze substantive documents/reports drafted by coverage counsel complaints, answers, initial case evaluations, initial discovery disclosures, deposition summaries, pre-trial reports;
    • Ensure timely filing and reporting by coverage counsel;
    • Make decisions concerning development/direction of coverage litigation;
    • Report developments in coverage action to underlying claim adjuster/supervisor;
    • Update appropriate log/reporting system re developments concerning suits against AmTrust companies;

Qualifications

  • 5+ years industry experience

  • Complex claims

  • Focus on coverage issues preferred

  • Analytical and human relations skills are critical

  • Effective communication skills; ability to obtain information from others and deliver information to others orally and in written form.

  • Ability to operate business technology.

  • Ability to work independently as well as in a team environment.

  • Results oriented

Education

College degree required, JD from an American Bar Association accredited law school preferred.

Certifications and/or professional designations preferred (examples, AIC, CPCU, ARM, etc.).

Company

AmTrust Financial Services, Inc. was founded in 1998 to provide property and casualty insurance to small businesses. Through acquisitions and organic growth, AmTrust Financial Services has since grown to become a multinational property and casualty insurer specializing in coverage for small to mid-sized businesses. Our financial stability is based upon a philosophy of niche diversity with a focus on low-hazard risk.

Since its inception, AmTrust has crafted a balanced portfolio of insurance products including:

  • Multiline Small Business Insurance
  • Warranty and Specialty Risk Insurance
  • Specialty Program Business Insurance

In November 2006, the company became publicly traded on the NASDAQ Global Market under the symbol AFSI. With extensive underwriting experience and a prestigious "A" (Excellent) Financial Size "XI" rating from A.M. Best, AmTrust has earned a reputation as an innovative, technology driven provider of insurance products. Our commitment to excellence is the common thread connecting each of our businesses.

Company info
Website

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