Claims Specialist
Company: Liberty Mutual Insurance
Location: Plano
Posted on: October 14, 2024
|
|
Job Description:
Schedule: Full-Time Salary Range: USD $93500.00 - $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 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. 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; Westborough, 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-$125,000. 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: As the
claims owner, determines coverage, investigates the claims,
determines liability, sets and adjusts reserves, evaluates the
claim, negotiates a settlement, authorizes and pays the claim; may
deny claims. Review lawsuit documentation and supporting documents,
claims file, investigation, etc. Establish actions to be taken to
resolve lawsuit. Includes determining loss coverage, amounts owed,
discovery plans, setting reserves and negotiations. Establish
appropriate working team (Home Office Legal, Defense Counsel and
Home Office Claims) based on allegations established in suit.
Responsible for managing the practices and billing activities of
outside counsel. Accountable for security of financial processing
of claims, as well as security information contained in claims
files. Trains and mentors staff as appropriate; manages
relationships and acts as liaison with various business partners
(e.g., Underwriting, Reinsurance, Etc.). Keeps abreast of existing
and proposed legislation, court decisions and trends and experience
pertaining to specialty coverage issues. May analyze the impact
upon claims policies and procedures and advises Claims Management
so appropriate action can be taken where required. Leads and
participates in special projects and performs other duties as
assigned. We are focusing on candidates who have: Experience with
Commercial Umbrella policies/claims averaging $1-3 million or more
Excess claims experience with premises liability, auto, products
liability, mass torts and other Commercial Casualty Claims
experience Qualifications Advanced to expert knowledge of
commercial casualty claims investigation, coverage, reserving,
expense management, resolution strategy, negotiation, litigation
management, claims evaluation as well as the insurance legal and
regulatory environment. Advanced to expert level of skill in the
area of customer focus, gaining support, teamwork, and
adaptability. Expert ability to identify and solve problems,
achieve results and execute thoroughly. Demonstrated ability to
work independently, mentor other employees, and serves as a subject
matter expert as normally acquired through 7 or more years of
experience. Experience with Commercial Umbrella policies/claims
averaging $1-3 million or more required. Excess claims experience
with premises liability, auto, products liability, mass torts and
other Commercial Casualty Claims experience. About Us **This
position may have in-office requirements depending on candidate
location.** 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. Fair Chance Notices California San
Francisco Los Angeles Philadelphia Employment Type: Full Time
Keywords: Liberty Mutual Insurance, The Colony , Claims Specialist, Other , Plano, Texas
Click
here to apply!
|