Job Title : Claims OfficerLocation : Hoboken, NJ 07030 07030Company : Liberty Mutual InsuranceSalary : Open Date : 2023-01-20Close Date : 2023-05-20
This is an exciting opportunity to join the Liberty GTS claims function in the Americas and work directly with the Americas Head of Claims. The successful candidate will be dedicated to handling M&A insurance claims, relating primarily to Reps & Warranties policies. The role will include directing coverage investigations, setting adequate reserves, monitoring, documenting, and leading negotiations to settle/close claims in an expeditious and economical manner. Responsibilities Analyzing, investigating, and evaluating M&A insurance claims from point of notification through to claim disposition. Within prescribed settlement authority, 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. Adheres to the line of business litigation guidelines to include budget, bill review and payment. Pro-actively manages the case resolution process. Actively directs mediations and arbitrations, as well as negotiation discussions within limit of settlement authority. Participates in the claims audit process. Provides claims marketing services by meeting with brokers, risk managers and reinsurers. Experience The successful candidate will have a legal background in insurance and/or transactional law with experience handling Reps & Warranties claims, whether in private practice or in-house. The role requires advanced knowledge of claims handling concepts, practices and techniques, to include but not limited to coverage issues, and product line knowledge. Demonstrated superior verbal and written communications skills. Highest level of advanced analytical, decision making and negotiation skills.
- Bachelors' and/or advanced degree
- 10 + years claims experience, with at least 5 years within a technical specialty
- Highly advanced 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 superior verbal and written communications skills
- Highest level of advanced analytical, decision making and negotiation skills
- J.D. Preferred
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. To learn more about our commitment to diversity and inclusion please visit: https://jobs.libertymutualgroup.com/diversity-inclusion
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. To learn more about our benefit offerings please visit: https://LMI.co/Benefits
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.
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