Job Objectives:

The Vice President will be responsible for the adjustment of property claims within a minimum authority level, with specific responsibility of investigating, negotiating, monitoring and settling claims.

Duties and Responsibilities:

• • Maintain computer claim files of property claims
  • Analyze claim notices for proper coding, coverage and potential exposure
  • Prepare claim correspondence
  • Investigate, follow-up, and otherwise monitor the development of claims
  • Establish and authorize adequate reserves amounts based on exposure
  • Suggest severity code adjustment to supervisor if appropriate
  • Negotiate settlements and or cost-sharing agreements within specified authority
  • Set up and authorize claim settlements within specified authority
  • Authorize ALAE and legal payments
  • Liaise with underwriters, legal counsel and outside vendors
  • Prepare claim reports as required
  • Coordinate initial investigation for subrogation potential on losses
  • Prepare and present case evaluations to supervisor for underwriting
  • Coordinate strategies for resolving coverage disputes
  • Assist in projects and reports as required
  • Provide claim over sight and authority to TPAs
  • Perform Claim file audits when necessary
  • Assist with analyzing company exposure following a Catastrophe
  • Meet with existing or prospective clients and brokers
  • Train and mentor junior staff
  • Travel as required for depositions, client meetings, and/or Market meetings

Compensation

The below annualized base pay range is a broad range based on analysis of similar positions in the market. The actual base pay for the position may be above or below he listed range and determined by a number of considerations, including but now limited to complexity, location, and scope of the role, along with experience, skills, education, training, and other conditions of employment. Base salary represents one compensation of Allied World comprehensive total reward package, which may also include annual incentive compensation rewards.

$150,000 - $180,000

Requirements:

• A minimum of 15 years experience handling property insurance claims or related relevant experience
• Field Experience is preferred
• Four-year college degree preferred
• Knowledge of issues underlying general property claims
• Excellent negotiation and communication skills
• Technical writing experience
• Proficient in Microsoft Office products
• Ability to analyze coverage and instruct and collaborate with counsel regarding litigation strategy and claim resolution, and resolve claims and otherwise act within the scope of delegated authority
• Experience with Litigated Claim files
• Maintain various state adjuster licenses

About Fairfax
Fairfax is a holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and investment management.

About Allied World
Allied World Assurance Company Holdings, Ltd, through its subsidiaries, is a global provider of insurance and reinsurance solutions. We operate under the brand Allied World and have supported clients, cedents and trading partners with thoughtful service and meaningful coverages since 2001. We are a subsidiary of Fairfax Financial Holdings Limited, and we benefit from a worldwide network of affiliated entities that allow us to think and respond in non-traditional ways. Our capital base is strong, our solutions anticipate rather than react to changing trends, and our teams are focused on establishing long-term relationships that are mutually beneficial. Learn more about how we can help you manage your risk by visiting: Web: www.awac.com | Facebook: www.facebook.com/alliedworld | LinkedIn: https://www.linkedin.com/company/allied-world

Our generous benefits package includes: Health and Dental Insurance, 401k plan, and Group Term Life Insurance. Allied World Insurance Company is an Equal Opportunity and Affirmative Action Employer. All qualified applicants will be considered for employment without regard to an individual's race, color, national origin, religion or belief, sex, age, genetic information, marital or civil partnership status, family status, sexual orientation, gender identity, or their protected veteran or disability status. Please visit www.awac.com for further information on Allied World.