Claim Specialist III - Management Specialty Lines
About The Position
If you can put your keen legal mind to work analyzing, managing and resolving insurance coverage and claims, we want to know more about you! Working on our team offers the opportunity to be involved in settling claims of low severity and exposure. As a Claims Specialist, you'll investigate, evaluate and negotiate claims to successful resolution. This role supports the management liability and specialty lines of business, including errors and omissions, directors and officers and employment practices liability. You will handle employment liability charges, errors and omissions claims of low exposure and directors and officers claims requiring monitoring. You will have minimal monetary authority and work under close supervision and monitoring. We will count on you to collaborate and provide insight to our business partners on claims and policy wording questions and maintain, develop and influence relationships with customers and business partners.
Requirements
- Post graduate education, or claims handling experience, or comparable job related experience.
- Basic Knowledge of professional lines insurance and litigation.
- Analytical skills, strong written and verbal communication skills, ability to multi-task, strong time management and organizational skills, ability to effectively and efficiently manage all responsibilities.
- Associates must acquire the required Federal and/or state licenses/registrations within the time period designated by the business unit. Additional licenses/registrations may be required when new products and services are implemented. If an associate fails or is unable to obtain required licenses/registrations within the designated time period, the associate will be ineligible to continue in the position.
- Due to the fiduciary accountabilities within this job, a valid credit check and/or background check will be required as part of the selection process.
Nice To Haves
- College degree preferred.
- Juris Doctorate desired.
Responsibilities
- Investigates and evaluates coverage, liability and damages to set an appropriate claim strategy, settlement and file reserves within approved claims authority.
- Provides timely and appropriate evaluation of claims to identify and manage reserves in compliance with company standards.
- Analyze coverage and provide comprehensive coverage analysis and claim resolution strategies.
- Delivers outstanding customer service and satisfaction through effective interactions with insured, agents and legal counsel.
- Provide feedback on claim trends and development. Provide input to underwriters on review of potential and existing insured’s claim experience.
- Maintains current knowledge of applicable lines of insurance, insurance regulations, court decisions which may impact the claims function, current guidelines and policy changes and modifications. This may require attending various seminars and training sessions.
- Contributes to a collaborative environment by consistently demonstrating teamwork, motivation, positive behavior and effort to achieve goals and objectives.
- May perform other responsibilities as assigned.
Benefits
- medical/dental/vision
- life insurance
- short and long term disability coverage
- paid time off with newly hired associates receiving a minimum of 18 days paid time off each full calendar year pro-rated quarterly based on hire date
- nine paid holidays
- 8 hours of Lifetime paid time off
- 8 hours of Unity Day paid time off
- 401(k) with company match
- company-paid pension plan
- business casual attire
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
Associate degree
