Corporate Insurance Claims Manager

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Overview

The Corporate Insurance Claims Manager position is currently open at Flagstar Bank, located in Nationwide, MI 48098. This role functions with a high degree of independence, aiding in the management of the company's Corporate Insurance Program. This program encompasses various types of insurance coverages typical for a corporate entity of similar risk profiles.

Job Summary

In this pivotal role, the Corporate Insurance Claims Manager is tasked with several key responsibilities. These include ensuring the overall effectiveness of the Corporate Insurance Program and executing essential tasks aligned with policy and claims administration for the company’s Property and Casualty Insurance (including Workers' Compensation). The manager must ensure that the insurance policies are continuously monitored to prevent any lapses. Additionally, the role involves the reporting, investigation, and tracking of insurance claims.

Key Responsibilities

Some of the significant responsibilities include:

• Managing the claims administration process effectively from the First Notice of Loss to the completion stage.
• Investigating incidents and logging all relevant documentation.
• Performing claims analysis to pinpoint trends and root causes, aiming to mitigate risks.
• Writing detailed summaries and correspondence related to incidents for internal records.
• Overseeing Workers' Compensation claims alongside the Human Resources Benefits Group.
• Collaborating with external attorneys regarding any litigation related to the company’s insurance program.
• Responding to information requests from auditors, regulators, and other related departments.
• Managing the issuance of Certificates of Insurance (COIs) and handling administrative tasks, including the timely payment of premium invoices.
• Supporting the procurement of insurance policies by gathering necessary data, analyzing risk assessments, and responding to inquiries from underwriters.

Skills Required

To be successful in the Corporate Insurance Claims Manager position, the following skills and qualifications are required:

• A High School diploma, GED, or foreign equivalent.
• At least 6 years of experience in a professional corporate environment with a minimum of 3 years in the insurance sector.
• An undergraduate degree in business, law, finance or related fields is preferred.
• Proficiency in Microsoft Excel, Word, and SharePoint is essential.
• Applicants should possess excellent communication skills, both written and verbal, along with strong analytical abilities and a detail-oriented approach.
• A demonstrated capability to effectively manage multiple projects while adhering to deadlines is critical.
• Strong problem-solving and organizational skills, as well as the ability to foster relationships with various stakeholders, are also necessary.

Desired Qualifications

In addition to the required qualifications, preference may be given to candidates with experience in large financial institutions (0B+ Bank) and familiarity with a wide range of insurance products.

Salary Information

The salary for this role is competitive, ranging from $84,878 to $140,049. This pay scale reflects not only the responsibilities of the position but also the experience and expertise expected from applicants.

Benefits Overview

Flagstar Bank offers a comprehensive benefits package that includes:

• Medical, dental, and vision insurance.
• Life and disability insurance.
• A robust leave program.
  These benefits contribute to both personal health and job satisfaction, making this an attractive opportunity for qualified candidates.

Work Environment and Physical Demands

The position is a full-time role and involves standard working hours with no unusual physical exertion required. The job will primarily be performed in a corporate office environment.

Conclusion

The Corporate Insurance Claims Manager role at Flagstar Bank is an excellent opportunity for experienced individuals seeking to excel in claims management within a major financial institution. With the added benefits and comprehensive support provided by the bank, this position is poised to attract competent professionals eager to further their careers in the insurance sector. Candidates not only gain the opportunity to engage in meaningful work but also contribute to the effectiveness of one of the company's crucial operational programs.

This job offer was originally published on himalayas.app