Senior Claims Specialist, Specialty

Liberty Mutual Insurance

11d

About The Position

Under moderate direction, handles a book of specialty lines claims, throughout the entire claim's life cycle. Responsible for conducting investigations, recommending adequate reserves, monitoring, documenting, and settling/closing claims in an expeditious and economical manner within prescribed authority limits for the line of business.

Requirements

Bachelors' and/or advanced degree
5+ years claims/legal experience; or in a related field
Functional knowledge of claims handling concepts, practices and techniques, to include but not limited to coverage issues, and product line knowledge
Functional knowledge of law and insurance regulations in various jurisdictions
Demonstrated strong verbal and written communications skills
Demonstrated strong negotiation skills

Responsibilities

Analyzes, investigates, and evaluates the loss to determine coverage and claim disposition.
Utilizes CMS to document claims and to diary future events or follow-up.
Within prescribed settlement authority for the line of business, establishes appropriate reserves for both indemnity and expense and reviews on a regular basis to ensure adequacy.
Makes recommendations to set reserves at appropriate level for claims outside of authority level.
Prepares comprehensive reports as required.
Identifies and communicates specific claim trends and account and/or policy issues to management and underwriting.
Manages the litigation process through the retention of counsel.
Adheres to the line of business litigation guidelines to include budget, bill review and payment.
Monitors the case resolution process.
Actively participates in mediations and arbitrations, within limit of settlement authority.
Participates in Claims audit process.
May provide claims marketing services by participating in meetings with brokers, risk managers and reinsurers.
As required, maintains insurance adjuster licenses.