Financial Lines Complex Claims Specialist

Liberty Mutual has an immediate opening for a Financial Lines Complex Claims Specialist.  In this role, with minimal supervision, the Financial Lines Complex Claims Specialist handles a book of Private Company and Not-For-Profit Directors & Officers Liability claims and Employment Practices liability claims throughout the entire claim's life cycle.  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.

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:  Westborough, MA; Hoffman Estates, IL; Indianapolis, IN; Lake Oswego, OR; Boston, MA; Las Vegas, NV; Plano, TX; Suwanee, GA; Tampa, FL; or Weatogue, CT. Please note this policy is subject to change. 

This position can be filled as a  Financial Lines Complex Claims Specialist I or Financial Lines Complex Claims Specialist II, based on candidate experience.  Salary is also dependent on candidate location.

Financial Lines Senior Claims Specialist I salary: $82,000-157,000

Financial Lines Complex Claims Specialist II salary: $92,000 - $176,000

Responsibilities

• investigates, and evaluates the loss to determine coverage and claim disposition.
• Utilizes CMS to document claims and to diary future events or follow-up.
• Within prescribed settlement authority for 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.
• Pro-actively manages the case resolution process.
• Actively participates in mediations and arbitrations, within limit of settlement authority.
• Participates in the claims audit process.
• Provides claims marketing services by meeting with brokers, risk managers and re-insurers, as necessary.
• As required, maintains insurance adjuster licenses.

• Bachelors' and/or advanced degree
• 7 + years claims/legal experience, with at least 2 years within a technical specialty preferred
• Experience with Financial Lines Claims preferred.
• 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 advanced verbal and written communications skills
• Demonstrated advanced analytical, decision making and negotiation skills