Major Case Director (Property Claims)
About The Position
IAT Insurance Group has an immediate need for a Major Case Unit Director that can manage those claims that are most complex and have the greatest financial exposure under our commercial and homeowners’ property policies. The ideal candidate for this role will be an experienced claims professional with extensive experience handling claims on a national basis with value in excess of $250,000. This role works a hybrid schedule that requires working from the office Monday through Wednesday, with the option of working Thursday and Friday remotely. While we prefer candidates to work from one of our listed IAT office locations, we’re open to considering fully remote arrangements for the ideal candidate.
Requirements
- Bachelor’s degree with a minimum of 12 years of claims handling experience in the insurance industry or equivalent applicable experience.
- Equivalent applicable experience is defined as high school diploma and 16 years of relevant experience.
- Extensive experience working with commercial and homeowners’ property claims
- At least 5 years of large loss property claims experience, with a focus on claims containing an exposure of $250,000 or more.
- Advanced technical knowledge including estimating skills using estimating software such as Xactimate and Cotality.
- Excellent coverage analysis skills with experience in drafting coverage position correspondence
- Experience handling litigated files and direction of defense counsel.
- Excellent negotiation skills.
- Ability to travel 50%
- Licensure as required by respective state(s).
- Ability to analyze data, utilize sound judgment to draw conclusion and make supported decisions
- Applicants must be authorized to work in the United States and must not require VISA sponsorship, now or in the future, for employment purposes.
Nice To Haves
- CPCU and other insurance related studies
Responsibilities
- Handles highly complex exposure claims based on Claim Guidelines.
- Directs and manages use of independent investigators, appraisers, and experts.
- Selects, directs and manages defense counsel including approval of budgets.
- Develops litigation/file disposition strategy.
- Attends mediations, settlement conferences and trials as needed.
- Reports to reinsurers as required by reporting guidelines.
- Assist Sr. Claim specialists with analysis of claim issues as needed.
- Verifies/analyzes applicable coverage for the reported loss.
- Establishes 24-hour contact and maintain appropriate contact with all involved stakeholders throughout the life of the claim file.
- Investigates each claim by gathering information, conducting interviews, taking statements, conducting website research as needed, reviewing and analyzing reports and related bills.
- Identifies and addresses subrogation/contribution/SIU opportunities.
- Sets accurate/timely loss/expense reserves in compliance with Claim Guidelines.
- Evaluates, negotiates, and authorizes settlements with all stakeholders within designated authority.
- Negotiates directly with claimants and claimant attorneys upon receipt of critical information.
- Drafts correspondence, including but not limited to, coverage letters to stakeholders as required.
- Maintains resident/nonresident adjuster licenses as required.
- As one of the most senior handler roles, this person will provide continued training and development of the discipline on technical matters.
- Performs other duties as assigned.
Benefits
- 26 PTO Days (Entry Level) + 12 Company Holidays = 38 Paid Days Off
- 7% 401(k) Company Match and additional Profit Sharing
- Hybrid work environment
- Numerous training and development opportunities to assist you in furthering your career
- Healthcare and Wellness Programs
- Opportunity to earn performance-based bonuses
- College Loan Assistance Support Plan
- Educational Assistance Program
- Mentorship Program
- Dress for Your Day Policy
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What This Job Offers
Job Type
Full-time
Career Level
Senior
