VP, Claims - DFO, Finance, Compliance, MIS
Location: Wilmington, Delaware
Description: ACE American Insurance Company is currently interviewing VP, Claims - DFO, Finance, Compliance, MIS right now, this vacancy will be situated in Delaware. Detailed specification about this vacancy opportunity please read the description below. ACE INA is the U.S. ?based division of the ACE Group of Companies, which provides insurance and reinsurance for a diverse group of clients around the world. Through subsidiaries of the ACE Group of Companies, ACE INA offers a broad array of sophisticated property, casualty, accident and health, and financial products, and risk management services to corporate and consumer clients across the U.S. A global insurance & risk management company, ACE has offices in over 50 countries and doing business in 130 countries.
ACE offers a competitive salary plus cash bonus, equity opportunities and comprehensive benefits package including life, health and dental, vision, a generous retirement savings plan with company match, disability coverage, stock purchase plan, flexible spending accounts, and tuition reimbursement.
OVERVIEW ? Overall responsibility for the claims finance, compliance and analysis functions for ACE North American Claims. Leading a team of 15 finance and compliance staff, this includes key claim performance measures, results analysis, management information and trends, cost/benefit analyses, vendor financial management, accounting, disbursements and loss registration, loss cost management, cash flow and business forecasting, divisional consulting, and planning and budgeting. ? Supports all ACE North American businesses including: Group, Brandywine/Resolute, Commercial Risk, Westchester, APRS, Canada, & Warranty. ? Collaborates with internal/external partners: P&C Finance, P&C Operations, Actuarial, Reinsurance Services, ACE IT/IBM, multiple vendors, attorneys, excess carriers, brokers, risk managers, state and regulatory agencies.
KEY RESPONSIBILITIES:
ANALYTICS ? Manage a team that Builds and maintains key performance metrics. Conduct periodic review with aligned business leaders and actuarial. ? Meet MIS reporting committed timelines. ? Provide competitive analysis, stewardship, and benchmarking to business partners and selected clients. ? Complete cash flow projections reports. ? Evaluate ULAE and ALAE trends and cost reduction opportunities. ? Complete sampling to support all audits, data mining analytics, volumes/inventories, and caseloads by business. ? Provides extensive claim related analytics to a variety of requesters ? regulators, actuarial, business units, claims.
COMPLIANCE ? Manage division?s control and internal risk management environment with the goal of achieving no control or audit exceptions. ? Develops and maintains claim procedures; SOX descriptions and controls. Ensures testing and attestations are properly conducted. ? Completes extensive state insurance department and regulatory requests. Participates in IAIABC, AIA/NAMIC, NCCI, ISO, CMS efforts. ? Supports internal audit, PwC, and all regulatory requests. Manages adjuster licensing; SOX and audits. ? Risk mitigation efforts include Sarbanes Oxley documentation, training, and sampling via ACL and other tools. ? Complete ongoing SOX support along with PwC substantive tests and attestations to minimize risks. ? Meet all state mandated or negotiated due dates. ? Install, review, and manage TPA compliance related action plans. ? Use available compliance informational tools to provide TPAs and internal staff with regulatory updates semi-annually.
FUNDING / AGGREGATES ? Support ZBA daily funding expansion with TPAs, ARCM, Treasury, A&H, and ARM. ? Provide consulting for new approved automated reconciliation process using SunGard vendor with Treasury. ? Manage and communicate TPA imprest levels, obtain reimbursements, and assess increase needs. ? Maintain timely and accurate client and TPA payment servicing. ? Conduct semi annual fraud detection sampling tests. ? Manage aggregate limit monitoring, controls, research, clearinghouse, and use of ARCS while meeting committed dates.
ULAE ? Monitor, report and support achievement of ACE North American Claims consolidated budget. ? Provide monthly staffing and ULAE exhibits, required forecasts, and staffing projections within required timelines. ? Manage annual budget process beginning mid year and meet timelines. ? Complete and update in conjunction with selected key technical managers a revised competitive recommended caseload Model.
CONSULTING ? Act in consulting capacity as needed for assigned projects and inquiries. ? Provide input and management insight to senior levels as opportunities arise. ? Support data requests and specifications for Group Claims within agreed timeframes. ? Support ATLAS, Data Mart, Global Dashboard, and various Steering and Data Quality task forces/committees ? Provide ongoing input to TPA Scorecard, approved vendors, and Partners. ? Participate in quarterly business reviews, outside audits, and quarterly PwC briefing meetings.
SKILLS & QUALIFICATIONS ? Education: BS in Accounting, Finance, or Insurance, MBA highly desirable ? Experience: 10+ years in progressively responsible leadership roles with familiarity in operational, financial, quality assurance, and human resource procedures and regulations. ? Comprehensive experience in underwriting product management, finance, systems and claims in both field and home office capacities. ? Outcome and results oriented. Focuses on getting things done with attention to detail. ? Strong interpersonal skills, ability to communicate and manage well at all levels of the organization and with staff at remote locations essential. ? Strong problem solving and creative skills and the ability to exercise sound judgment and make decisions based on accurate and timely analyses. ? High level of integrity and dependability with a strong sense of urgency and results-orientation. ? PC proficiency is essential (Windows environment) and strong working knowledge of SQL, COGNOS, and Excel is preferred. ? Strong communications skills both oral & written and ability to practice both downward and upward communication. Sound like the right job for you? If you would like additional information about ACE INA, please visit our website at http://www.ace-ina.com/
ACE INA is an equal opportunity employer and our employment decisions are made without regard to race, color, religion, age, gender, national origin, disability, handicap, marital status or any other status or condition protected by Federal and/or State laws, except where bona fide occupational qualifications apply.
In order to be considered an applicant for employment with ACE, all applicants must go to ACEs website at www.ace-ina.com to apply for the position(s) of interest and complete an online application (found under Careers at ACE in the upper right hand corner of the homepage). If you do not complete the online application, you will not be considered an applicant in accordance with ACEs policy.
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If you were eligible to this vacancy, please send us your resume, with salary requirements and a resume to ACE American Insurance Company.
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This vacancy will be opened on: Sat, 07 Jul 2012 07:13:36 GMT
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