Claims Consultant - Management Specialty Lines

Nationwide • New York, NY

13d • Hybrid

About The Position

If you’re passionate about helping people protect what matters most to them at a Fortune 100 company with nearly $70 billion in annual sales, as well as innovating and simplifying processes and operations to provide the best customer value, then Nationwide’s Property and Casualty team could be the place for you! At Nationwide®, “on your side” goes beyond just words. Our customers and partners are at the center of everything we do and we’re looking for associates who are passionate about delivering extraordinary care. This role supports the management liability and specialty lines of business, including errors and omissions, directors and officers and employment practices liability among others. You will have high monetary authority and minimal direction, with direct supervision only when needed, as well as considerable latitude in determining objectives and approaches to assignments. 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

• Appropriate claims handling experience in specific line of business typically acquired through more than five years of experience.
• Demonstrated experience handling higher severity and/or complex claims and litigation required.
• Proven experience analyzing and handling complex coverage issues.
• In-depth knowledge of the insurance industry, claims and the insurance legal and regulatory environment.
• Demonstrates aptitude in evaluating, analyzing and interpreting information; demonstrates expertise in particular line of business; excellent analytical skills; excellent written and verbal communication skills; the ability to multi-task; excellent time management and organizational skills; ability to work independently; ability to effectively and efficiently manage all responsibilities; ability to direct attorneys in claims and litigation management; ability to effectively present information to senior leaders, claimants and customers.
• Associates must acquire the required Federal and/or state licenses/registrations within the time period designated by the business unit.
• A valid credit check and/or background check will be required as part of the selection process.

Nice To Haves

• Juris Doctorate (JD) is preferred.
• Prior claims file handling experience: Including Cyber, EPL, D&O liability, E&O, or professional negligence experience preferred.
• 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.
• 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.
• Assists in developing, coaching, training and mentoring of individual team members.
• 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, high motivation, positive behavior and effort to achieve goals and objectives.
• Acts as a subject matter authority in a particular line of business or risk.
• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Senior