VP, Claims

Northbridge Financial Corporation - Toronto, ON (30+ days ago)

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“The Power of Together”

Join Northbridge, a growing dynamic company that has a long and rich Canadian history in providing innovative insurance solutions to customers nationwide.

Northbridge Financial Corporation is a leading commercial property and casualty insurance company that’s been helping protect Canadian businesses for more than 90 years. We’re 100% Canadian!

We offer a wide range of creative solutions to our customers through our Northbridge Insurance, TruShield Insurance and Federated Insurance brands where we strive to create a fair and friendly culture, upheld by the foundation of our five corporate values: respect, passion, connectedness, creativity, and excellence.

By continually striving to challenge the status quo, and by focusing on helping our customers, we’ve been able to build our reputation as one of Canada’s largest commercial insurance providers.

Be part of a team that’s passionate about making a difference every day, fuelled by our entrepreneurial spirit and where everyone owns a part of our success.

Located in the heart of Toronto’s Financial District, our head office is easily accessible by TTC and GO Transit, and within walking distance to the Eaton Centre and CN Tower. As a national property and casualty commercial insurance provider, we also have offices across Canada.

Position Summary

Responsible for overseeing the management, direction, and control of claims operations for the region. Ensures a prompt, efficient, courteous, equitable, and cost-effective claims service to all clients through proper investigation, reserving, and resolution. Directs claims litigation through the evaluation of defense strategies and the management of litigation

What you will be doing:
Responsible to provide visible and effective leadership ensuring that the corporate strategy, Business Plan objectives, initiatives and priorities are implemented and clearly communicated to all within the functional area
Set, communicate and monitor standards of performance for individual positions and the department
Direct the resolution and disposition of claims through investigation/analysis/evaluation of case facts, determination, establishment and maintenance of appropriate case reserves, effective control of payments, negotiation, appropriateness of settlement or declination, management of recovery programs, and effective internal security measures
Direct the reserving and disposition of large and complex claims and collaborate on disputed claims coverage issues to ensure that insuring clauses are correctly interpreted
Oversee negotiations and settlements with the objective of achieving fair and reasonable dispositions of large losses
Oversee the direction and management of the activities of the outside counsel and relevant experts, and oversee, evaluate, and control defense strategies, and litigation activities
Direct development, implementation and monitoring of policies, procedures, standards, and guidelines to ensure the professional, efficient, equitable, and cost-effective disposition of claims
Direct the development and conduct claims audit reviews in order to ensure consistency, product quality, superior service, and adherence to corporate guidelines
Establish and maintain effective communication and liaison with Underwriting, Marketing, Risk Services, Legal, Actuarial and any other departments to facilitate claims resolution
Maintain contact and amicable relations with brokers to ensure good communication
Represent the company externally through various contacts (including independent adjusters, various insurance adjusting companies, brokers and lawyers across the country, engineers, doctors, and accountants, through the Insurance Bureau of Canada, the Insurance Crime Prevention Bureau, and the Claim Managers Association)
Act as a resource on issues of law and liability with the objective of achieving fairness in settlement amounts
Select and communicate list of the best qualified outside counsel for retention and consultation on cases not handled by in-house counsel
Ensure the timely creation and maintenance of adequate reserves (accountable for reserve adequacy on all claims, and for bulk reserves for allocated and unallocated loss adjustment expenses and I.B.N.R)
Direct development and implementation of highly automated claims systems for efficient and cost-effective delivery of the end product
Responsible for budget preparation and adherence to the budget annually.
Report to senior management on loss developments, including CAT losses
Direct management of subrogation and salvage activities to maximize the recovery of paid claims and the return on salvage property
Identify training opportunities and minimize the potential for leakage as a result of the file review process.

What we are looking for:
Post-secondary education or equivalent combination of education and experience
Minimum of 7 years of experience at a Director and/or senior management level with proven results
Minimum of 15 years of claims experience with a demonstrated track record of accomplishments in the insurance industry
Significant years of claims handling experience including experience in the investigation of complex commercial auto, property or liability claims
Thorough knowledge of insurance products, contract language and claims practices
Demonstrated proficiency of the principles and practices related to claims settlement.
Thorough knowledge of reporting requirements, including fraud investigation, serious losses and coverage questions. Working knowledge of claims management and automated estimating systems
Working knowledge of federal, provincial, and local statutes
CIP designation; FCIP an asset

What sets you apart:
Demonstrated proficiency and resourcefulness in identifying and analyzing relevant data and defining critical issues and alternatives
Demonstrated communication (both verbal and written) skills to explain processes and terms
Demonstrated negotiation skills
Strong analytical, problem-solving skills, investigative, and decision-making skills
Demonstrated report-writing skills, including an orientation toward detail and precision
Able to plan, organize, and manage multiple demands and changing priorities, and deliver results
Ability to provide prompt, efficient, and courteous service to all parties involved
Ability to understand and interpret complex insurance contracts and changes in the interpretation as a result of case or statuary law
Ability to assess liability and understand case law developments in the jurisdiction
Demonstrated commitment to high standards of performance and aggressive goals
Able to work with long-term perspective in addressing customer or business area problems/issues
Proven leadership skills to motivate, coach, and develop staff
Strong interpersonal skills to foster collaboration among team members and functional areas
Well-developed management skills to ensure appropriate delegation, resource coordination and monitoring of activities

What We Have to Offer:
Northbridge Cares program – volunteer day and donation matching
Generous paid time off, including personal days. Flexible work hours as well as early departure opportunities
Flexible Group Benefits Plan – medical, dental, insurances
Defined Contribution Pension Plan + Optional Group RRSP
Northbridge Employee Share Purchase Plan
Education Assistance Program
Employee Assistance plan
Staff Insurance - discount on home, automobile and pet insurance
Plus, the opportunity to contribute to the success of Northbridge through sharing your knowledge and experience while learning from others!

Application Process:
Northbridge welcomes and encourages applications from people with disabilities. Accommodations are available upon request for candidates taking part in all aspects of the selection process. Interested, qualified candidates are encouraged to apply.

All offers of employment are conditional upon satisfactory background and reference checks, including a criminal record check, credit check, and employment and educational verifications