Job description
The Position:
Required Skills/Experience:
The Company:
Arch Insurance employs a disciplined underwriting approach and prudent risk selection across all types of business. Our mission is to provide our insureds with superb coverage and claims handling through careful and diligent underwriting of risks and business-friendly solutions. Across our global operations, Arch Insurance employees are ready to meet your needs with professionalism and excellence.
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The Claims Division is seeking a Financial Claims Staff Auditor to join the Operations Team.
Job Responsibilities:
- Assist in the execution and the planning of standard claims financial audits
- Review TPA SSAE18 reports for control weaknesses that would impact the planning and performance of TPA audit
- Perform basic financial analysis of TPAs’ financial statements
- Assist in researching state workers’ compensation laws that impact audits; e.g. compensation for permanent and temporary disability, impairment ratings, recovery of indemnity overpayments, medical benefits etc.
- Perform reconciliations of loss data in Arch databases with loss data from the TPAs for audit preparations
- Assist in summarizing audit results and preparing narratives for audit findings
- Maintain a 'Receivables Balance' register for monies due from TPAs as a result of audit findings
- Follow up on TPA audit findings for appropriate resolution
Required Skills/Experience:
- 1-3 years audit or accounting experience; P&C insurance experience a plus
- Ability to process electronic data and format specialized spreadsheets / reports
- Hands-on experience and strong aptitude with Microsoft Excel and Word
- Exceptional communication (written and verbal), influencing, negotiating, listening, and interpersonal skills to effectively develop productive working relationships with internal/external peers and other professionals across organizational lines
- Ability to work independently and in a team environment
- Bachelor’s degree in Accounting, Finance, or Business related field preferred
- For individuals assigned or hired to work in Jersey City, New York City, and/ or Westchester County, the base salary range is $79,100.00/Yr. to $97,110.00/Yr. as of the time of posting. Position is incentive eligible.
- Total individual compensation (base salary, short & long-term incentives) offered will take into account a number of factors including but not limited to geographic location, scope & responsibilities of the role, qualifications, talent availability & specialization as well as business needs. The above range may be modified in the future
- Click here to learn more on available benefits
The Company:
Arch Insurance is a global insurer offering our clients superior coverage and service. We embody the Arch guiding principle of focusing on retaining experienced and talented employees to differentiate us from the rest of the pack. Our group operates from offices in the US, Canada, Bermuda, UK, and Australia, providing specialty risk solutions to clients worldwide across a wide range of industries. With nearly 20 years of operating history and strong financial ratings, our track record remains solid.
Arch Insurance employs a disciplined underwriting approach and prudent risk selection across all types of business. Our mission is to provide our insureds with superb coverage and claims handling through careful and diligent underwriting of risks and business-friendly solutions. Across our global operations, Arch Insurance employees are ready to meet your needs with professionalism and excellence.
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