VP, Head of US Healthcare Claims

About the Company

Vantage Group Holdings Ltd.

(Vantage) was established in late 2020 as a re/insurance partner designed for the future.

Driven by relentless curiosity, our team of trusted experts provides a fresh perspective on our clients’ risks.

We add creativity to tech-enabled efficiency and robust analytics to address risks others avoid.

Vantage provides specialty re/insurance through its operating subsidiaries in Bermuda and the U.S.

Vantage has approximately 350 colleagues in both the United States and Bermuda.

We have offices in Chicago, IL, Norwalk, CT, Arlington, VA, Boston, MA, New York, NY and Hamilton, Bermuda.

Additionally, we are a highly geographically diverse workforce with colleagues based in 35 states and counting.

We fully support work flexibility including remote and hybrid work arrangements.

About the role:

At Vantage, the Vice President, Head of US Healthcare Claims is responsible for the overall management and direction of the claims department in its support of the described line of business or product.

The mission of the Claims team is to add creativity to tech-enabled efficiency and robust analytics to address risks others avoid.

This role reports to our Chief Claims Officer and is a remote and/or hybrid opportunity based in a Vantage office.

Vantage’s US colleagues have the flexibility to work anywhere in the United States (excluding US territories and possessions).

The base salary expectation for this role is between $225,000 and $265,000.

The actual base salary and title for the selected candidate may be higher, commensurate with the candidate's experience and expectations.

Additionally, Vantage offers its colleagues performance-based bonus potential, strong health & welfare benefits, retirement plans with company match, competitive time off plans, a highly flexible work environment, and much more.

 

Responsibilities & Accountabilities:


* Implement claim best practices for proper and consistent claim performance, compliance and achievement of business goals.


* Implement clear reserving standards and ensure that those standards are continually met.


* Identify issues and trends in the portfolio; take appropriate and/or corrective action where necessary; communicate trends to underwriters, insureds and brokers as well as to other internal stakeholders such as Claims management and actuaries.


* Identify claims with significant exposure and take a more active role coordinating a strategy for an appropriate resolution.


* Implement and observe escalation and reporting protocols as required under appropriate circumstances for those cases which present significant potential exposure.


* Review and approve coverage letters.


* Review and approve large loss reports and reserves up to your established authority.


* Regularly review claims handled by your unit.


* Coordinate with underwriting on current and proposed policy language, accounts and potential new markets to enter...