Claims Specialist - Property

AXA • Exton, PA

290d • $83,500 - $145,500

About The Position

The Claims Specialist will be responsible for the evaluation/handling of complex insurance claims and litigation management duties within AXA XL's Property division, including, but not limited to General Property, Energy losses, Equipment Breakdown, Construction and E&S losses. The Claims Specialist will manage and resolve AXA XL's claims as part of the Claims team. Close collaboration with the Manager and fellow Claims Specialists is expected. We are looking for someone to drive Claims to resolution along with interacting and collaborating frequently with Practice Leaders and the Underwriting team. Achieve the best possible outcomes for AXA XL and its clients by resolving and settling claims proactively. Responsible for all aspects of technical claims handling, vendor relationships, defense and coverage counsel selection and evaluation, TPA contracts, and reinsurance reporting. Provides support to underwriting in trend analysis, coverage analysis, marketing support and client relations.

Requirements

• Intermediate experience handling claims to include Energy, Property & Construction, and other specialty areas preferred.
• Knowledge of the insurance industry, claims, and the insurance environment.
• Ability to work in a fast-paced environment and multi-task.
• Possesses a functional and developing knowledge of multi-state legal statutes and procedures.
• Displays a thorough functional knowledge and skill of claims handling specific to assigned area.
• Customer service, interpersonal, communication and negotiation skills.
• Analytical and problem-solving skills.
• Ability to make critical business decisions effectively.
• Knowledge of Microsoft Office Suite as well as other business-related software.
• Excellent oral and written communication skills.
• Bachelor's degree.
• Ability to work effectively in a team-oriented environment.

Nice To Haves

• Professional Designations preferred.
• Requisite State Claims Adjusters licenses preferred, or Candidate will commence acquisition of same.

Responsibilities

• Proactively manage assigned claims across Property while setting and implementing the Adjustment plan for these claims.
• Ensure all documentation is present in the file, and that Claim Handler Guidelines and protocols are followed.
• Using technical skills, handle the complex and challenging claims within authority level and specialization.
• Collaborate with Claims Manager and Practice Leaders on large and complex losses to achieve optimum file outcome for the client and AXA XL.
• Determine if / which external vendors to engage, and establish strategic plan with vendor.
• Identify Large Losses and ensure all steps are taken to achieve the best outcome for the client and AXA XL.
• Partner with internal and external counsel in setting and pursuing effective and cost-efficient litigation strategies for claims in litigation.
• Work with management and Claims Legal to identify and select appropriate counsel.
• Proactively manage expenses through thoughtful expense management and claims best practice.
• Active participant in Quality review process.
• Seek to identify new and improved processes.
• Assist Underwriters with policy review and drafting initiatives.
• Participate in external marketing and business development activities.
• Coordinate and manage communication with internal and external stakeholders.
• Produce internal reporting in support of best practice and reserving guidelines.
• Identify, monitor and report on emerging liability and coverage trends.
• Keep current on state/territory regulations and issues as well as industry activity and trends.

Benefits

• Competitive retirement savings plan.
• Health and wellness programs.
• Wide range of learning opportunities for professional skills development.

What This Job Offers

• Career Level: Mid Level
• Industry: Insurance Carriers and Related Activities
• Education Level: Bachelor's degree