Claims Specialist
Company: Liberty Mutual Insurance
Location: Cincinnati
Posted on: October 19, 2024
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Job Description:
Schedule: Full-Time Salary Range: USD $81700.00 - $146700.00 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 role as a Senior
Technical Claims Specialist. This role is in GRS NA US Casualty
Specialized Claims - Verticals & Programs, and the team handles
Complex claims for Public Entity, Healthcare, Liberty Mutual
Programs and more. The Senior Technical Claims Specialist
determines coverage, investigates complex and highly complex
commercial casualty claims, determines liability, sets and adjusts
reserves, evaluates the claim, negotiates a settlement, authorizes
and resolves the claim. Demonstrates a high level of expertise and
sound judgment in complex matters; may as a subject matter expert.
Responsibilities: As the claim's 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. Reviews 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. Establishes 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. Participates in special projects. Qualifications
Bachelor's degree and 5 to 7 years claims adjusting experience.
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 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, Covington , Claims Specialist, Other , Cincinnati, Kentucky
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