We have an executive management position available for an experienced professional to head the New York Liquidation Bureau’s Estate Management Division.  The New York Liquidation Bureau (“NYLB”) discharges the obligations of the New York State Superintendent of Insurance under the New York Insurance Law and carries out the Superintendent’s duties as the court-appointed statutory receiver of impaired or insolvent insurance companies.

The Assistant Director manages the Estate Management Division, which administers creditors’ claims against insolvent insurance companies; monitors the registration and ultimate payment of allowed claims; ensures compliance with applicable statutes, rules, and regulations; assists with the development of an insolvent estate’s assets and liabilities profile; develops and implements internal procedures and policies to improve productivity, reliability, and quality of work output and oversees systems and databases.  The Assistant Director is also charged with running the day-to-day operations of the Estate Management Division.

• MBA
• Business Background
• Ten years of related industry experience, with at least five years in supervisory/management positions
• Mass tort, audit and reconciliation experience necessary
• Strong oral and written communication skills
• Computer proficiency

The New York Liquidation Bureau (“NYLB”) is looking for a Sr. Claims Examiner in its Estate Management Division. The NYLB discharges the obligations of the New York State Superintendent of Insurance as the court-appointed statutory receiver of impaired or insolvent insurance companies.   

The Senior Claims Examiner in the Specialty Claims Department is responsible for the adjudication of long tail complex Major Policyholder claims. The examiner may also handle other non SF covered claims in Liquidation & Rehabilitation including, but not limited to, D&O, HMO, Construction defects, Medical Malpractice & Labor Law.

• Bachelor’s Degree.
• Minimum of 7 years experience handling multi-line claims or specialization.
• Issue reservation of rights disclaimers.
• Handle complex coverage issues, multistate venues.
• Interfaces with TPA assigned to handle MPH claims covering Asbestos, Environmental & Products Liability.
• Successful completion of professional training classes in particular area of expertise.
• Experienced in claims handling, procedures, policy interpretation, liabilty evaluation, and settlement negotiation.
• Computer competent, particularly in Word and Excel.

The New York Liquidation Bureau (“NYLB”) is looking for an experienced financial auditor who would assist with the New York Liquidation Bureau’s financial controls and systems.  The NYLB manages and administers the affairs of insolvent or impaired insurance companies after they have been placed into receivership by the respective States’ Departments of Insurance, which includes coordinating and directing the conservation, rehabilitation and/or liquidation of these insolvent or impaired entities.

The incumbent will create work programs and tools to review financial processes and procedures.  This individual also conducts tests to ensure compliance with Bureau and industry standard accounting practices; performs special projects and participates in the review of the Bureau internal control certification process.  The financial auditor will work with audited departments to develop action plans, and follow up to ensure action plans are properly implemented.  The incumbent reports to the Internal Audit Manager.

• Bachelor’s Degree preferably in a related discipline finance, accounting and/or computer science.
• Minimum of 5 or 10 years experience preferably in the insurance, reinsurance or financial services industry.
• CPA or CIA certification required.
• Familiarity with Microsoft Office including Access.
• Process documentation or technical writing experience.
• Strong oral and written communication skills.
• Familiarity with various computer and information storage technologies, and proficiency in MS Word, MS Access, Excel and WordPerfect a plus.