Claims Specialist - Professional Liability

Great American Insurance Group•PA Work At Home, MA

1d•$90,000 - $135,000•Remote

About The Position

Great American Insurance Group's Professional Liability Division is seeking a Financial Products Claims Specialist to handle claims involving Design Professionals, Real Estate, Small Accountants, and Health Care Professional Liability. The role investigates, evaluates, and adjusts claims; assesses coverage and liability; and prepares coverage position letters. The specialist retains and directs approved consultants and outside counsel, controls costs, evaluates financial exposure, sets reserves within authority, and ensures timely and accurate claim payments. The position also supports compliance with applicable state, legal, statutory, and regulatory requirements and company procedures. As directed, the specialist may assist other functions with projects, including evaluating potential new business, and may coach staff or participate in talent and performance decisions for direct reports. The ideal candidate would work fully remotely and be located on the East Coast.

Requirements

Generally, 2 to 5 years of related experience.
Bachelor’s Degree or equivalent experience; alternatively, may possess an LLM or JD and a current attorney license with 2 to 5 years of post-bar experience.
Knowledge in breadth and/or depth of Professional Liability claims, including claims involving Design Professionals, Real Estate Professionals, Accountants, and Health Care Professionals.
Highly effective verbal and written communication skills, including the ability to communicate with people at all organizational levels and external customers and prospects.
Extensive use of computers and software, including MS Word, Excel, and PowerPoint, and ability to learn third-party and proprietary software as required.
Applicants must be authorized to work in the United States without current or future employment visa sponsorship.

Responsibilities

Investigate, evaluate, and adjust Design Professional, Real Estate, Small Accountants, and Health Care Professional claims.
Review and evaluate coverage and/or liability.
Draft coverage position letters.
Retain and direct approved consultants and outside counsel, maintain cost controls, and oversee outside counsel's work.
Prepare periodic claims reports and financial evaluations.
Set reserves within prescribed limits and submit written recommendations for reserves outside authority.
Ensure claims payments are issued in a timely and accurate manner.
Ensure claims handling complies with state, legal, statutory, and regulatory requirements and company procedures.
As directed, assist Underwriting, Marketing, Risk Management, and Loss Prevention with projects, including evaluating potential new business.
May be responsible for staff performance and coaching and participate in talent selection, development, and performance management decisions for direct reports.
Perform other duties as assigned.