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

About the Role

Foundation Risk Partners, one of the fastest growing insurance brokerage and consulting firms in the US, is adding a P&C Claims Manager to their growing team. This is a 100% remote opening with a preference for EST OR CST hours.

The P&C Claims Manager is responsible for the oversight, monitoring, reporting of statuses, and facilitation of claim resolutions and settlements that have a direct positive financial or other business impact on clients. This position coordinates the reporting and advocacy of commercial property & casualty insurance claims. The Claims Manager engages in coverage review and analysis; prepares coverage reconsideration requests; coordinates the scheduling of quarterly Claims Strategy Discussions to include the insurer adjusters and/or Claims Account Executive and the insured; maintains client contacts; and analyzes available loss data for claims metrics.

Essential Functions

  • Provides effective guidance and client advocacy to the adjustment of claims for property, general liability, workers compensation, professional liability, and other lines of coverage.
  • Identifies potential coverage issues and provides policy interpretation.
  • Reviews and develops rebuttal responses to issued Reservation of Rights and Coverage Declinations.
  • Reviews Proof of Losses / Statement of Losses on both Personal Lines and Commercial Lines claims.
  • Identifies claims to be reviewed with clients and carrier partners and coordinates, schedules, and oversees meetings scheduled on a predetermined basis.
  • Monitors the carrier’s investigation, evaluation, and settlements of claims.
  • Reviews reserving accuracy to ensure they are appropriate for exposure.
  • Monitors payments on claims, including CAT claims for both Personal Lines and Commercial Lines clients.
  • Assists internal and external customers by providing claim statuses, analyzing settlement offers, reviewing and resolving coverage questions, and collaborating on claims strategy.
  • Directly monitors select litigated claims, including oversight of defense counsel.
  • Interacts with clients, carrier/TPA adjusters, independent adjusters, public adjusters, experts, and internal team members.
  • Identifies and resolves problems in a timely manner following established guidelines.

Essential Knowledge, Skills, and Abilities

  • Proficient in Microsoft Office Suite, Adobe Pro, and insurance agency management software (EPIC) (AMS360).
  • Strong organizational skills that reflect the ability to perform and prioritize multiple tasks seamlessly with excellent attention to detail.
  • Proficient level written and verbal communication skills.
  • Demonstrated proactive approaches to problem-solving with strong decision-making capability.
  • Demonstrated ability to achieve high performance goals and meet deadlines in a fast-paced environment.

Education and Experience

  • Property & Casualty/or All Lines Adjuster License in home state (required).
  • High school diploma or equivalent.
  • Some college helpful.
  • Professional Designations (AIC, ARM, AINS) preferred.
  • 5-7 years’ experience in handling 1st and 3rd party property & casualty claims or Agency/Brokerage Claims Advocacy.

Essential Physical Functions

  • Ability to occasionally lift at least 10lbs.
  • Ability to sit/work at a computer for extended periods of time.
  • Ability to travel.

Equipment Used

  • Computer
  • Fax Machine/ Copier/ Scanner/ Printer
  • Telephone

Additional Abilities

  • Ability to work independently or in a team environment.
  • Ability to work in a constantly changing environment.
  • Maintain acceptable standards with respect to company attendance policy.
  • Adhere to all policies and procedures of the company.

Compensation

This range represents the estimated low and high end of the salary range for this position. Actual salaries will vary and may be above or below the range based on factors including but not limited to performance, location, and experience. The range listed is just one component of FRP's total compensation package for employees. Pay Transparency Range: $55,000 - $70,000 USD

Skills

Claims Management
Property & Casualty Insurance
Insurance Claims
Coverage Analysis
Policy Interpretation
Claims Resolution
Claims Settlement
Loss Data Analysis
Workers Compensation
General Liability
Professional Liability
CAT Claims
Litigated Claims

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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