Job Details

Account Manager, Direct Claims

Company name

Organization Type

In-House

Job Type

Attorney

Years of Experience

Min 3 yrs required

Location

Philadelphia, PA

Date Last Verified

Oct 18,2017

Posted on

May 04,2017
Practice Area
Insurance Coverage >> Insurance Coverage
  Employer Sponsored Job (Free to apply to)
 
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Profile

Account Manager, Direct Claims The candidate will directly handles and/or assists in monitoring, reviewing and coordinating activities involving complex environmental, asbestos, and latent type claims, including resolution of coverage issues and establishment of adequate reserves. Review loss notices; confirms and interprets policy coverages; establishes adequate reserves; and investigates and handles claims involving primary, excess, and umbrella coverages. Work with the reinsurance department to provide notice of new accounts, updates on existing accounts and respond to specific reinsurer inquiries. Responsible for assignment to and control of work of defense counsel, assignment of expert witnesses, and interfacing with peer carriers including design and execution of defense and indemnity contracts, evaluation of liability and damages, participation in settlement conferences, and proper allocation of indemnity and expenses over applicable years of coverages and to appropriate corresponding carriers. Ensure proper file setup, exposure evaluation and/or reserving, general handling, and coverage interpretation in compliance with company procedure. Participate in developing claim handling techniques, including defense coordination, expense control, and strategy. Provide specific claims information to senior management relative to all new notices of loss and maintains specific financial and general statistical records which are used in reporting to management. Perform special projects and assignments related to area of authority. Ensure that information in existing claim management system is current, accurate, and complete. BA/BS degree required. J.D. preferred. CPCU or other industry designation a plus. Excellent: Analytical Skills; communication skills, both verbal and written; and interpersonal skills required. 3+ years experience in environmental and/or latent claims or a legal degree with relevant experience required. Proficiency with MS Word, Excel and internet applications required.

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