Avp - Toronto, Canada - Allied World Assurance Company

Description

The Assistant Vice President will be responsible for the adjustment of Canadian Commercial Property and Energy claims and provide oversight for the Canadian Third-Party Administrator, within a minimum authority level, with specific responsibility of investigating, negotiating, monitoring, and settling claims.

• Analyze claim notices for proper coding, coverage and potential exposure
• Prepare claim correspondence as necessary
• Investigate, followup, and otherwise monitor the development of claims
• Establish and authorize adequate reserves amounts based on exposure
• Negotiate settlements and or costsharing agreements within specified authority
• Set up and authorize claim settlements within specified authority
• Authorize ALAE and Legal payments within specified authority
• Engages and manages consultants as required to assist in determining facts, causation, damages, and exposure monitors the costs to ensure they are reasonable and necessary.
• Liaise with underwriters, actuaries, 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/management
• Coordinate strategies for resolving coverage disputes
• Assist in projects and reports as required
• Provide claim oversight and authority to the Canadian TPA
• Perform Claim/TPA audits annually
• Assist with analyzing company exposure following a Catastrophe
• Meet with existing or prospective clients and brokers
• Train and mentor junior staff
• Provide Underwriters with technical support
• Travel as required for depositions, client meetings, company events, and/or market meetings

• A minimum of 15 years experience handling Property/Energy insurance claims or related relevant experience in the Canadian Market
• Some prior field experience is preferred
• Fouryear college degree preferred
• Technical knowledge of handling underlying complex Property/Energy 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

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