Claims Analyst IV - Management Liability

AIG InsuranceChicago, IL
Onsite

About The Position

At AIG, we are reimagining the way we help customers to manage risk. Join us as a Claims Analyst IV – Management Liability to play your part in that transformation. It’s an opportunity to grow your skills and experience as a valued member of the team. Make your mark in Claims Our Claims teams are the proven problem solvers of choice for clients, delivering consistent technical excellence and showcasing our service differentiation to create an unparalleled global claims handling experience. Through a robust stakeholder feedback loop and supported by consistent processes and leadership, we take pride in delivering responsive, fair and professional service with empathy and efficiency. As a Claims Analyst IV, this role will be responsible for handling Directors & Officers Liability Claims with opportunity to handle Employment Practices Liability claims, identifying, investigating, and resolving multiple coverage issues at the earliest appropriate time and providing clear and concise written and verbal communication of policy coverage issues to insureds, brokers, underwriters and risk managers. Timely coordinate with defense counsel/insureds/monitoring counsel to facilitate coverage, liability and damage analysis. Explore the use of technology, structured settlements, and other means to find strategic and cost-effective claims resolutions. Effectively analyze and budget the litigation of each claim on pending through timely discussions with counsel, vendors and insureds. Determine judgmental value on all files in pending within a reasonable time frame and make presentations to management as necessary. Manage reserve adjustments and payments to avoid deficit payments.

Requirements

  • Claims and/or litigation experience
  • Ability to analyze policies of insurance and legal documents
  • Strong written and verbal communication skills
  • Strong interpersonal and organizational skills
  • Strong computer skills (Microsoft Office)
  • Bachelor’s Degree or equivalent required

Nice To Haves

  • Financial Lines claims experience preferred
  • JD highly preferred

Responsibilities

  • Handling Directors & Officers Liability Claims with opportunity to handle Employment Practices Liability claims
  • Identifying, investigating, and resolving multiple coverage issues at the earliest appropriate time
  • Providing clear and concise written and verbal communication of policy coverage issues to insureds, brokers, underwriters and risk managers
  • Timely coordinate with defense counsel/insureds/monitoring counsel to facilitate coverage, liability and damage analysis
  • Explore the use of technology, structured settlements, and other means to find strategic and cost-effective claims resolutions
  • Effectively analyze and budget the litigation of each claim on pending through timely discussions with counsel, vendors and insureds
  • Determine judgmental value on all files in pending within a reasonable time frame and make presentations to management as necessary
  • Manage reserve adjustments and payments to avoid deficit payments

Benefits

  • US Benefits Overview
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