Foundation Risk Partners

Director of Insurance Claims

Remote

Not SpecifiedCompensation
Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level
Full TimeJob Type
UnknownVisa
Insurance, Insurance BrokerageIndustries

Requirements

Candidates must possess a Property & Casualty/or All Lines Adjuster License in their home state and have a high school diploma or equivalent. Some college education is helpful, and preferred professional designations include AIC, ARM, or AINS. A minimum of 5-7 years of experience in handling first and third-party property & casualty claims or agency/brokerage claims advocacy/risk management is required, along with strong commercial/personal lines multi-line claim handling experience. Proficiency in Microsoft Office Suite, Adobe Pro, and insurance agency management software like EPIC or AMS360 is essential, as is strong experience in risk management, excellent organizational and communication skills, and a proactive approach to problem-solving.

Responsibilities

The Director of Insurance Claims will oversee, monitor, report on, and facilitate the resolution and settlement of claims for clients with revenues exceeding $50K, focusing on those in the PST time zone. This role involves coordinating the reporting and advocacy of commercial property and casualty insurance claims, conducting coverage review and analysis, preparing coverage reconsideration requests, and scheduling quarterly Claims Strategy Discussions. The Director will maintain client contacts, analyze loss data for claims metrics, provide guidance on claims for property, general liability, workers compensation, and professional liability, identify and address potential coverage issues, and interpret policy terms. They will also review and develop responses to Reservation of Rights and Coverage Declinations, review Proof of Losses and Statements of Losses for both personal and commercial lines, and monitor carrier investigations, evaluations, and settlements. The Director will review reserving accuracy, monitor claim payments, assist customers with claim statuses and settlement offers, resolve coverage questions, collaborate on claims strategy, and directly monitor select litigated claims, including oversight of defense counsel. This position requires interaction with clients, carrier/TPA adjusters, independent adjusters, public adjusters, experts, and internal team members, as well as timely problem identification and resolution.

Skills

claims management
coverage analysis
proof of loss review
reservation of rights
coverage reconsideration
claims strategy
loss data analysis
property insurance
general liability
workers' compensation
professional liability
CAT claims
reserve accuracy
claim settlements
client advocacy
communication
meeting coordination
risk management
multi-family account management

Foundation Risk Partners

Insurance brokerage and consulting services

About Foundation Risk Partners

Foundation Risk Partners operates as an insurance brokerage and consulting firm, focusing on providing tailored insurance solutions and expert advice to clients across the United States. The company grows by acquiring other firms and expanding its services organically, ensuring a diverse mix of industry knowledge and specialized services. Their approach combines expertise in various sectors with a commitment to cultural alignment and shared values. Unlike many competitors, Foundation Risk Partners emphasizes a collaborative relationship with clients, aiming to achieve exceptional outcomes and drive success for their partners.

Daytona Beach, FloridaHeadquarters
2017Year Founded
$2MTotal Funding
DEBTCompany Stage
Consulting, Financial ServicesIndustries
201-500Employees

Benefits

Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
401(k) Retirement Plan
401(k) Company Match
Unlimited Paid Time Off
Paid Holidays
Paid Vacation

Risks

Over-reliance on AI could cause disruptions if technical issues arise.
Expansion into new regions may pose compliance and operational challenges.
Leadership changes might lead to strategic shifts affecting company stability.

Differentiation

Foundation Risk Partners leverages AI to enhance risk analysis accuracy and speed.
The company focuses on a strategic mix of industry expertise and cultural fit.
Foundation Risk Partners is rapidly expanding through acquisitions and organic growth.

Upsides

AI solutions have decreased cycle times by up to 90% for certain activities.
Prospect conversion rates have increased by up to 50% due to AI adoption.
Expansion into Baldwin, New York, offers new market opportunities.

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