Claims Specialist
Company: Liberty Mutual Insurance
Location: Plano
Posted on: April 19, 2024
|
|
Job Description:
Schedule: Full-Time Salary Range: USD $81700.00 - $171100.00 Job
Category: Claims Pay Philosophy The typical starting salary range
for this role is determined by a number of factors including
skills, experience, education, certifications and location. The
full salary range for this role reflects the competitive labor
market value for all employees in these positions across the
national market and provides an opportunity to progress as
employees grow and develop within the role. Some roles at Liberty
Mutual have a corresponding compensation plan which may include
commission and/or bonus earnings at rates that vary based on
multiple factors set forth in the compensation plan for the role.
Description If you are an experienced claims professional with
Commercial Excess Claims experience, this is the role for you!
Liberty Mutual has an immediate opening for an Excess and Coverage
Senior Technical Claims Specialist as part of our Excess, Coverage
and Specialized Claims Unit. This role allows you to use your
strong coverage analysis and excess and surplus claims experience
to be a key contributor to support our GRS goals and commitment to
Win with Purpose! If you have experience with Excess and Surplus
claims you are strongly encouraged to apply as this role does
require the experience to step in and assume a desk of pending
claims! In this role, under moderate direction, you will handle a
book of Commercial Casualty Excess/Umbrella claims, throughout the
entire claims life cycle. Excess claim types include, but are not
limited to, premises liability, auto, products, mass torts, across
the United States for both Coverage A and Coverage B claims on
admitted and non-admitted paper. Complex Excess claims experience
needed to evaluate claims with significant financial exposure.
Additionally, you will be responsible for conducting
investigations, recommending adequate reserves, monitoring,
documenting, assessing any risk transfer potential, and
settling/closing claims in an expeditious and economical manner
within prescribed authority limits for the line of business. *This
is a remote position. Please note, you will be required to go into
the office twice a month if you reside within 50 miles of one of
the following offices: Bala Cynwyd, PA; Boston, MA; Hoffman
Estates, IL; Indianapolis, IN; Lake Oswego, OR; Las Vegas, NV;
Plano, TX; Suwanee, GA; Syracuse, NY; Tampa, FL; or Weatogue, CT.
Please note this policy is subject to change. **This is a range
posting, and we may fill as grade 15 or 16. The salary range posted
reflects this range and various geographic remote locations. A
typical salary will be between $105,000-$130,000. Senior Technical
Claims Specialist I Salary: $81,700-152,400 (based on candidate
location and experience) Senior Technical Claims Specialist II
Salary: 91,800-171,100 (based on candidate location and experience)
Annual FTO Days Accrual: 2 days per month, up to 20 days per year
Responsibilities: Analyzes, investigates, and evaluates the loss to
determine coverage and claim disposition. Utilizes Claims systems
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 relationships and acts as liaison with various business
partners (e.g., Underwriting, Reinsurance, Etc.). 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 re-insurers. Participates in special
projects. Qualifications Bachelor's degree and 5 to 7 years of
relevant claims handling experience. Experience with Commercial
Umbrella policies/Excess claims averaging $1-3 million or more
preferred! Experience with Coverage A and Coverage B claims on
admitted and non-admitted paper a plus! Advanced knowledge of
Commercial Casualty claims investigation, coverage evaluation,
reserving & expense management, resolution strategy, negotiation,
litigation management, claims evaluation as well as the insurance
legal and regulatory environment. Intermediate to advanced level of
skill in the area of customer focus, problem solving,
communications, gaining support, teamwork, and adaptability and
demonstrated ability to work independently, achieve results and
execute thoroughly. Experience mentoring others and/or serving as
Subject Matter Expert with related claims. Strong coverage analysis
skills highly desired! About Us At Liberty Mutual, our purpose is
to help people embrace today and confidently pursue tomorrow.
That's why we provide an environment focused on openness,
inclusion, trust and respect. Here, you'll discover our expansive
range of roles, and a workplace where we aim to help turn your
passion into a rewarding profession. Liberty Mutual has proudly
been recognized as a "Great Place to Work" by Great Place to Work
US for the past several years. We were also selected as one of the
"100 Best Places to Work in IT" on IDG's Insider Pro and
Computerworld's 2020 list. For many years running, we have been
named by Forbes as one of America's Best Employers for Women and
one of America's Best Employers for New Graduates as well as one of
America's Best Employers for Diversity. We value your hard work,
integrity and commitment to make things better, and we put people
first by offering you benefits that support your life and
well-being. Liberty Mutual is an equal opportunity employer. We
will not tolerate discrimination on the basis of race, color,
national origin, sex, sexual orientation, gender identity,
religion, age, disability, veteran's status, pregnancy, genetic
information or on any basis prohibited by federal, state or local
law. Employment Type: Full Time
Keywords: Liberty Mutual Insurance, Garland , Claims Specialist, Other , Plano, Texas
Click
here to apply!
|