Arch Insurance Group Inc. · 4 hours ago
Analyst, Claims SIU
Greater Chicago Area
Full-time
Hybrid
Entry, Mid Level
$65K/yr - $75K/yr
1+ years expArch Insurance Group Inc. is a company that promotes progress and inspires clients, employees, investors, and communities. They are seeking an SIU Analyst to support fraud mitigation efforts by investigating complex fraud referrals and managing insurance-related investigations from intake through resolution.
FinanceFinancial ServicesInsurance
Responsibilities
Complete proper ISO searches to summarize and make recommendations on loss history
Determine if tasks can be completed internally or require the use of a vendor and make the referral if warranted. These referrals include background checks, surveillance, and AOE/COE investigative assignments
Become aware of the best vendor to use for a given circumstance or jurisdiction
Complete State Fraud Referral request forms with all required data for the specified jurisdiction including: claim summary, red flag indicators, investigation summaries, all parties involved, litigation summary and claim status or disposition
Navigate through several different TPA/MGA claim systems to retrieve information for ISO searches, SFRs, case referrals to vendors and to obtain claim and policy information
Assist AVP, SIU with projects, reconciliations, writing audit result reports and handling routine/daily matters in their absence
Triage incoming new referrals to SIU to set objectives and determine if internal handling or vendor utilization is necessary
Build relationships with SIU vendors and determine which are most effective in results and cost
Qualification
Required
Solid knowledge of claims and insurance theory and practices
Demonstrated technical expertise, product specific knowledge, and negotiation skills
Strong interpersonal and communication skills. Ability to effectively interact with all levels of Arch's internal and external business partners
Ability to work independently
Strong analytical and problem-solving skills
The ability to exercise independent judgment and make critical business decisions effectively
Knowledge of Microsoft Office Suite as well as other business-related software
Bachelor's degree or equivalent experience
Minimum of one to three years' claims experience
Preferred
Professional designations preferred
Prior SIU experience is desirable
Benefits
Multiple medical plans plus dental, vision and prescription drug coverage
A competitive 401k with generous matching
PTO beginning at 20 days per year
Up to 12 paid company holidays per year plus 2 paid days of Volunteer Time Offer
Basic Life and AD&D Insurance
Short and Long-Term Disability
Paid Parental Leave of up to 10 weeks
Student Loan Assistance and Tuition Reimbursement
Backup Child and Elder Care
Company
Arch Insurance Group Inc.
Arch Insurance Group Inc., a division of Arch Capital Group Ltd. (ACGL), is a market-leading specialty insurer.
1001-5000 employees
Funding
Current Stage
Late StageLeadership Team
Rebecca Raisley
Vice President of Business Development
Valerie Turpin
Division President - Property and Marine
Recent News
MarketScreener
2025-07-16
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