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Parker Lewis
Claims Vice President
Summary
Highly skilled and seasoned Claims Vice President with over 10 years of experience in managing and resolving complex insurance claims. Proven expertise in developing and implementing innovative claims management strategies, resulting in improved efficiency and reduced processing times. Possesses a deep understanding of insurance policies, regulations, and best practices, ensuring compliance and mitigating risks. Demonstrated ability to lead and motivate teams, foster strong relationships with key stakeholders, and provide expert testimony in insurance litigation cases. Seeking a challenging role where I can leverage my expertise to drive operational excellence and deliver exceptional customer service.
Education
Bachelor’s degree in Insurance, Risk Management
November 2014
Skills
- Claims Management
- Policy Interpretation
- Underwriting
- Litigation Management
- Negotiation
- Risk Assessment
Work Experience
Claims Vice President
- Established strong relationships with key insurance carriers, resulting in improved claim settlement rates
- Conducted regular training and development programs for staff, ensuring they were uptodate on best practices
- Monitored industry trends and regulatory changes to ensure compliance and mitigate risks
- Provided expert testimony in insurance litigation cases, supporting the companys legal strategy
Claims Vice President
- Managed a team of 20+ claims adjusters and supervisors, ensuring efficient and accurate claims handling
- Developed and implemented a new claims management system, resulting in a 15% reduction in processing time
- Led a project to streamline the claims review process, reducing turnaround time by 25%
- Collaborated with underwriters to develop new policy language that reduced claims disputes by 10%
Accomplishments
- Developed and implemented a data analytics platform that reduced claims cycle times by 20%
- Led the team in transitioning to a new core claims system, resulting in a 15% increase in productivity
- Established a risk management program that reduced insurance premiums by 10%
- Negotiated a strategic partnership with a healthcare provider that reduced medical claim costs by 12%
- Created a training and development program that improved claims adjuster performance by 25%
Awards
- Inducted into the Claims Professionals Hall of Fame
- Recognized by the Claims Association of America for Outstanding Leadership
- Recipient of the Claims Excellence Award for Innovation and Best Practices
- Appointed to the Claims Advisory Board of the National Association of Insurance Commissioners
Certificates
- Associate in Claims (AIC)
- Fellow, Casualty Actuarial Society (FCAS)
- Certified Risk Manager (CRM)
- Certified Insurance Counselor (CIC)
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How To Write Resume For Claims Vice President
- Highlight your experience in managing large teams and complex claims, quantifying your accomplishments with specific metrics and results whenever possible.
- Showcase your expertise in claims management software and technology, emphasizing your ability to leverage these tools to improve efficiency and accuracy.
- Emphasize your knowledge of insurance regulations, policy interpretation, and risk assessment, demonstrating your ability to make sound decisions and mitigate risks.
- Demonstrate your leadership skills by describing how you have motivated and developed your team, fostering a positive and productive work environment.
- Showcase your communication and interpersonal skills by highlighting your ability to build strong relationships with key stakeholders, including carriers, brokers, and customers.
Essential Experience Highlights for a Strong Claims Vice President Resume
- Managing and overseeing a team of claims adjusters and supervisors to ensure efficient and accurate claims handling.
- Developing and implementing innovative claims management systems and processes to streamline operations and reduce processing times.
- Collaborating with underwriters and legal counsel to interpret policy language, assess risks, and resolve complex claims disputes.
- Establishing strong relationships with key insurance carriers and brokers to negotiate favorable claim settlements and maintain positive business partnerships.
- Conducting regular training and development programs for staff to ensure they are up-to-date on industry best practices and regulatory changes.
- Monitoring industry trends and regulatory updates to ensure compliance and identify opportunities for improvement.
- Providing expert testimony in insurance litigation cases to support the company’s legal strategy and protect its interests.
Frequently Asked Questions (FAQ’s) For Claims Vice President
What are the key responsibilities of a Claims Vice President?
The key responsibilities of a Claims Vice President include managing and overseeing claims operations, developing and implementing claims management strategies, assessing risks, negotiating settlements, and ensuring compliance with regulations.
What qualifications are required to become a Claims Vice President?
To become a Claims Vice President, you typically need a bachelor’s degree in Insurance, Risk Management, or a related field, along with several years of experience in claims management and leadership.
What skills are essential for a successful Claims Vice President?
Essential skills for a successful Claims Vice President include strong leadership and management abilities, expertise in claims management principles and practices, knowledge of insurance policies and regulations, and excellent communication and interpersonal skills.
What are the career prospects for a Claims Vice President?
Claims Vice Presidents can advance to senior leadership roles within insurance companies, such as Chief Claims Officer or Chief Operating Officer. They may also pursue opportunities in consulting, risk management, or other related fields.
What is the salary range for a Claims Vice President?
The salary range for a Claims Vice President can vary depending on experience, company size, and location. According to Salary.com, the average salary for a Claims Vice President in the United States is around $120,000 per year.
What are the challenges faced by Claims Vice Presidents?
Claims Vice Presidents face a number of challenges, including managing complex claims, navigating regulatory changes, and ensuring customer satisfaction. They must also stay abreast of industry trends and best practices to maintain a competitive edge.