Senior Claims Specialist
Integrated Specialty Coverages, LLCSalary not specified
Not SpecifiedCompensation
Mid-level (3 to 4 years)Experience Level
Full TimeJob Type
UnknownVisa
InsuranceIndustries
Requirements
- 4 plus years of General Liability/Auto claims experience
- Experience with complex and high exposure General Liability Bodily Injury and Property damage claims
- Excellent communication skills (verbal/written) and strong negotiation skills
- Advanced experience and capabilities in litigation claims management, including ADR and mediation processes, involving auto/GL exposures
- Strong technical expertise interpreting insurance contracts
- In depth knowledge of claim handling procedures, claims performance strategies, and claim best practices
- Advanced analytical and problem solving skills
- Demonstrated ability to initiate and champion change initiatives that leverage technology and improve skills in benchmarking
- Creativity in resolving challenging business problems, as well as ability to achieve business goals and objectives
- Successfully complete required State licensing examinations and continuing education requirements
Responsibilities
- Analyze and process bodily injury and third-party property damage claims by investigating and gathering information to determine the exposure on the claim; ensure proactive claims handling aimed at the prompt and cost-effective resolution of claims through well-developed action plans
- Determine need for and direct independent adjusters to gather information to determine exposure on the claim and control their costs
- Identify and evaluate coverage issues; prepare comprehensive coverage letters with supervisory review and analysis; retain and provide direction to coverage counsel when necessary
- Assess liability and resolve claim within established evaluation
- Maintain diaries and complete tasks within required timeframes as set forth by department guidelines; ensure claim files are timely and properly documented with clear and concise analysis on coverage, damages, reserves, and liability including an action plan for resolution
- Process and pay invoices within a timely manner
- Coordinate vendor referrals for additional investigation and/or litigation management
- Calculate and assign timely and appropriate reserves; monitor reserve accuracy throughout the life of the claim
- Refer case as appropriate to supervisor and management; respond to requests or directions in a professional and timely manner
- Attend arbitrations, mediations, settlement conferences, and trials
- Communicate with all internal business partners including underwriters to make sure underwriting is aware of large losses and industry trends
- Partner with TPA Governance and Relationship Management to help TPAs and Insureds comply with claim handling and reporting guidelines
- Work with TPA Claims Financial to check the accuracy of TPA financials ensuring alignment with TTPO financials
Skills
Key technologies and capabilities for this role
Questions & Answers
Common questions about this position
What experience is required for the Commercial Claims Adjuster, TPA Oversight role?
Candidates need 4 plus years of General Liability/Auto claims experience, including experience with complex and high exposure General Liability Bodily Injury and Property damage claims.
What key skills are needed for this position?
Excellent communication skills (verbal/written), strong negotiation skills, and advanced experience in litigation claims management including ADR and mediation processes involving auto/GL exposure are required.
Is this a remote position or does it require office work?
This information is not specified in the job description.
What is the salary or compensation for this role?
This information is not specified in the job description.
What does AIG's claims team culture emphasize?
The claims teams focus on delivering consistent technical excellence, responsive, fair and professional service with empathy and efficiency, supported by robust stakeholder feedback, consistent processes, and leadership.
AIG
Global insurance provider for individuals and businesses
About AIG
AIG provides a variety of insurance products and services aimed at individuals, families, and businesses. Their offerings include life insurance, retirement planning, and commercial insurance, which help clients manage risk and protect their assets. AIG operates by underwriting insurance policies and managing risk, while also investing the premiums collected to generate income. This company stands out from competitors by not only focusing on traditional insurance but also emphasizing cybersecurity and data protection to keep clients' information safe. AIG's goal is to help clients achieve financial security and peace of mind through comprehensive insurance solutions.
New York City, New YorkHeadquarters
1919Year Founded
IPOCompany Stage
Cybersecurity, Financial ServicesIndustries
10,001+Employees
