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Elevance HealthFinance Manager
Finance Manager overseeing financial analysis and reporting at Elevance Health. Responsible for cost and budget management within the Government Business Division.
About the role
- Manage the complete investigation, evaluation and resolution of assigned portfolio of complex claims emanating from Management and Professional Lines (MLPL), specifically Directors & Officers and Employment Practices Liability for Private Company portfolio
- Engage, direct and manage external advisors and vendors including legal service professionals, discovery vendors, data and security experts and consultants
- Evaluate and negotiate resolution of assigned claims in a timely manner within appropriate authority and in accordance with laws, regulations, statutes and DOI compliance
- Drive high level of customer care, responsiveness, and satisfaction when managing assigned claims to deliver superior claim outcomes
- Collaborate with outside counsel to formulate litigation strategy and ensure effective litigation management
- Oversee projects and planning surrounding departmental initiatives to achieve strategic objectives
- Analyze, develop and determine appropriate case reserves on all assigned claim files and recommend changes where necessary
- Advise on MLPL specialization areas, serve as subject matter expert, participate in industry seminars or author articles
- Collaborate with Underwriters to identify, price and negotiate terms for novel or complex risks and participate in sales calls and RFPs
- Manage budgeted resources by anticipating expenditures, forecasting resource needs/costs and properly accounting for expenses
Requirements
- Bachelor's Degree or equivalent combination of education and work experience
- Required Juris Doctor (JD)
- 5-7 years relevant experience
- Experience handling management and professional liability matters including Directors and Officers Liability, Professional Liability, Fidelity, Pension Trustee’s Liability, Data-Protection and Privacy Liability
- Advanced experience in other segments of management and professional lines industry (agency, retail or wholesale brokerages, third-party administrator, risk management, legal or other roles)
- Ability to manage high severity, complex claims and coordinate external counsel and vendors
- Financial and business acumen and awareness of financial responsibility
- Properly document investigation findings and preserve evidence in accordance with internal and external laws and procedures
- Ability to analyze, develop and determine appropriate case reserves and recommend changes to ensure actuarial accuracy
- Must be authorized to work in the United States on a full-time basis without the need for current or future sponsorship
Benefits
- Hybrid Working – a mix of working from home and in the office
- 22 weeks of paid leave for family growth, with 12 weeks available to all parents on a gender-equal basis
- Competitive 401(k) program with company match up to 8%
- Well-being program including holistic wellbeing coaching, gym membership, confidential counselling, financial and legal advice
- Tuition Reimbursement for professional certifications, and continuing education
- Employee Network and Community and community giving opportunities
- Annual discretionary bonus plan based on business and individual performance
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