Claims Officer
Company: Liberty Mutual Insurance
Location: San Francisco
Posted on: October 16, 2024
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Job Description:
Schedule: Full-Time Salary Range: USD $103400.00 - $192700.00
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 opening for a Claims
Officer. The Claims Officer, with minimal supervision,
independently handles a book of Directors and Officers Specialty
Lines claims throughout the entire claim's life cycle. The Claims
Officer is responsible for conducting investigations, setting
adequate reserves, monitoring, documenting, and settling/closing
claims in an expeditious and economical manner within the
established authority limits. Claims Officer Salary: $ 103,400
192,700 (varies due to the cost-of-living differences for different
states across the country) Annual FTO Days Accrual: 2.0 days per
month, up to 20 days per year Responsibilities Analyzes,
investigates, and evaluates the loss to determine coverage and
claim disposition. Utilizes the company's claim system to document
claims and to diary future events or follow-up. 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. Manages and/or monitors the litigation process
depending on insurance policy attachment point 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, as well as
negotiation discussions. Participates in the claims audit process.
Provides claims marketing services by meeting with brokers, risk
managers and reinsurers. As required, maintains insurance adjuster
licenses. Qualifications Juris Doctor required Minimum 7- 10 years'
experience specializing in the adjudication of complex Commercial
and Financial Institution Directors & Officers claims including but
not limited to: securities class actions, shareholder derivative
class actions, regulatory investigations, anti-trust litigations,
bankruptcy trustee litigations, fiduciary liability/ERISA pension
trust litigation, private equity/venture capital Litigation,
financial advisors/ broker dealers litigation and insurance company
E&O litigation. Ability to understand and analyze the corporate
structures of our insureds' businesses and their operations Proven
ability to provide coverage, liability and damages analyses for
complex claims involving public and privately held corporations A
complete and thorough understanding of coverages provided by
D&O, E&O and D&O/E&O blended insurance policies
Functional knowledge of law and insurance regulations in various
jurisdictions Ensure timely reporting of loss exposures to Claims
and Underwriting Management Demonstrated superior verbal and
written communications skills Proficient in Microsoft WORD, Excel
and PPT 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, Hayward , Claims Officer, Accounting, Auditing , San Francisco, California
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