Claims Specialist
Company: Liberty Mutual Insurance
Location: San Francisco
Posted on: October 12, 2024
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Job Description:
Schedule: Full-Time Salary Range: USD $81700.00 - $152400.00 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 opening for a Senior Claims
Specialist in our Complex Professional Liability claims group. The
Senior Claims Specialist handles primarily Legal Professional
Liability (LPL) & MPL high exposure claims, both primary and
excess. Under moderate direction, the Senior Claims Specialist
handles a book of specialty lines claims, throughout the entire
claims life cycle. Additionally, the selected person will be
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. 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; Westborough, MA; Hoffman
Estates, IL; Carmel, IN; Las Vegas, NV; Plano, TX; Suwanee, GA;
East Syracuse, NY; or Tampa, FL. Please note this policy is subject
to change. Responsibilities Analyzes, investigates, and evaluates
the loss to determine coverage and claim disposition. Utilizes
company claims system 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 re-insurers. As required,
maintains insurance adjuster licenses. Qualifications 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 Juris Doctor (JD) highly preferred 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, San Ramon , Claims Specialist, Other , San Francisco, California
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