About The Company
Old Republic Commercial Risk, formerly known as PMA Companies, is an Old Republic operating company and a trusted leader in commercial insurance solutions and services, specializing in workers'' compensation, commercial auto, general liability, and commercial package & umbrella coverages.
Old Republic is more than 100 years old, tracing its beginnings to 1923. It is one of America''s 50 largest shareholder-owned specialty insurance businesses and currently ranks among the Fortune 500 list of the Nation''s largest companies.
Summary
Reporting to the President & CEO of Old Republic Commercial Risk and located in the Blue Bell, PA office, the Senior VP, Chief Claims Officer will have responsibility for managing the performance and productivity of ORCR''s workers compensation and casualty claims operation.
The role ensures appropriate claim outcomes through consistent execution of claims management best practices, compliance with regulatory requirements, and achievement of department and corporate objectives.
Responsibilities
- Serve as a senior leader who translates corporate strategy into department priorities, advises executive leadership on claims performance and emerging risks, and builds alignment across functions to achieve business objectives.
- Develop and execute short- and long-range claims strategies and policies and annual operating goals and objectives that are aligned with corporate priorities, customer needs, and market conditions.
- Lead corporate and field claims operations and maximize staff performance by ensuring effective supervision, coaching, development, accountability, and recognition.
- Establish and oversee disciplined reserving practices that produce timely and accurate case reserves, including clear accountability, consistent reviews, prompt recognition of changes in claim exposure, and effective management oversight.
- Implement and monitor claim policies, procedures, and practices in accordance with operating and parent company guidelines to achieve appropriate claim outcomes and quality standards.
- Creates a collaborative relationship with parent company Chief Claim Officer so that when questions or issues arise, feels comfortable early on strategizing with same. Complies with all parent company reporting guidelines. Ensure that staff meets prescribed customer service standards.
- Ongoing monitoring and analysis of claims trends and results, implementing corrective actions as needed.
- Ensure adherence to all applicable statutory and regulatory requirements. Engage with internal and external auditors and examiners as needed.
- Identify and execute opportunities to improve operational efficiency, strengthen data and analytics capabilities, and implement technology solutions that enhance claim quality, productivity, customer service, and financial performance. Maintain appropriate staffing levels in conjunction with workloads.
- Creates a work environment conducive to employee engagement and retention.
- Work closely with colleagues in other departments, including but not limited to Underwriting, Managed Care, Client Services, and Risk Control, on initiatives designed to drive positive results, effectiveness, and profitability.
- Communicate claims priorities, organizational changes, performance results, and feedback clearly and consistently across leadership, management, and employee groups.
- Monitors and analyzes significant legal developments and legislative changes.
- Communicates conclusions and recommendations to staff and other stakeholders.
- Identifies and addresses technical education and training, and leadership development needs.
- Develops and manages the department''s overall operating budget, ensuring that all financial and efficiency goals are being met. Align annual budgets with longer term plans for the department.
- Demonstrate a commitment to the Company''s Code of Business Conduct and Ethics, and apply knowledge of compliance policies, procedures, standards, and laws applicable to the responsibilities of this position. Maintain a strong compliance and quality assurance culture within the segment.