Senior Claims Analyst at Riverstone Resources | Garden City, NY, US | Rezi

Senior Claims Analyst at Riverstone Resources

Senior Claims Analyst

Riverstone Resources · Garden City, NY, US

3 days ago

Senior Claims Analyst

Riverstone Resources · Garden City, NY, US

3 days ago
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About the Role

This role is responsible for the direct handling of commercial claims specific to General Liability and/or Excess General Liability, focusing on small to midsize enterprises. Duties include investigation and evaluation of coverage, liability, risk transfer, and damages, as well as reserve management, litigation oversight, and claim resolution to achieve the best possible outcome in alignment with company and client strategies.

Responsibilities

  • Directly handle commercial and business general liability claims.
  • Mentor and guide less experienced claim analysts.
  • Manage external relationships, including third-party administrative oversight.
  • Anticipate and identify risks and opportunities related to coverage and liability.
  • Anticipate and identify risk transfer, tender, and/or indemnification.
  • Directly handle and/or assist in monitoring, reviewing, and coordinating activities involving commercial and/or personal lines insurance claims.
  • Analyze coverage issues, establish adequate reserves, and resolve/close claims.
  • Review loss notices, confirm and interpret policy coverages, and establish adequate reserves.
  • Investigate and handle claims involving primary, umbrella, and/or excess policies.
  • Manage litigation with Preferred Counsel under Alternative Fee Arrangements or other defense fee structures.
  • Pursue and maximize all risk transfer opportunities by contract or insurance policy language.
  • Assign and manage the work of defense counsel, assignment of expert witnesses, and interfacing with peer carriers.
  • Design and execute defense and indemnity contracts.
  • Evaluate liability and damages and participate in settlement negotiations.
  • Ensure proper file setup, reserving, general handling, and application of company procedure.
  • Participate in developing claims handling strategies, including defense coordination, litigation strategy, motion practice, budgets, and expense control.
  • Record specific claims information and report to a manager regarding pertinent financial and general statistical records.
  • Maintain diary control, investigate, analyze, and report to ensure proper reserves reflect company exposure.
  • Report to the Reinsurance Department to assist in providing notice to reinsurers and facilitate recovery when payments exceed company retention.
  • Handle a large volume of diverse and dynamic claims effectively.
  • Assist in Due Diligence inquiries as assigned.

Requirements

  • At least seven (7) years of Commercial GL experience.
  • Some Commercial GL experience must be with Excess Trucking.
  • Primary GL experience is required.
  • Excess GL experience is preferred.

Location

  • Remote
  • Hybrid in Manchester, NH
  • Hybrid in Garden City, NY

Work Type

  • Remote
  • Hybrid

Experience Level

  • 7+ years

Education Level

  • CPCU
  • SCLA
  • CCLA

Benefits

  • Health Reimbursement account that pays you to golf, exercise, and more!

About the Company

  • Founded in 1999 and operating as part of Fairfax Financial Holdings, RiverStone is a global insurance and reinsurance services organization.
  • Specializes in legacy (run-off) insurance management, claims administration, and risk solutions.
  • Helps insurers and reinsurers transfer and manage discontinued or non-core portfolios.
  • Enables clients to free up capital and focus on active underwriting businesses.