Process claims, which includes evaluating policy for coverage; working with the insured, outside adjusters, agents and attorneys on the claim and coordinating the payment of claims. In addition, prepare reports such as loss runs and monthly bordereau. ESSENTIAL DUTIES AND RESPONSIBILITIES Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time. 1. Review policy to determine if loss is covered. If questionable, then hire attorney for coverage counsel for coverage analysis. 2. Settle claims within settlement authority, where applicable. 3. Work with adjusters, insureds, attorneys, agents and others to assure the claim is handled efficiently and professionally. 4. Attend mediations, when applicable and negotiate settlement within authority. 5. Oversight of vendors (attorneys/adjusters/experts) for accuracy in reporting. Audit invoices for accuracy. 6. Process incoming and outgoing claims and vendor payments. 7. Maintain loss fund. 8. Must review and recommend policy wording changes. 9. Perform claim status requests and updates. 10. Prepare daily, weekly and monthly reports. 11. Travel for meetings with clients, mediations and underwriters. Approximately 25% of time will be out of the office.
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Job Type
Full-time
Career Level
Entry Level
Industry
Insurance Carriers and Related Activities
Education Level
High school or GED
Number of Employees
1,001-5,000 employees