Job Details

Senior Claims Attorney Compliance

Company name

Great American Insurance Company

Organization Type

In-House

Job Type

Attorney

Date Last Verified

Aug 16,2018

Posted on

Jul 19,2018

Years of Experience

5-7 yrs required

Location

New York City, NY
Practice Area
Insurance Defense >> Insurance Defense
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Senior Claims Attorney - Compliance The candidate will minimize insured losses via proactive loss prevention efforts to collect overdue obligations prior to claim filing, working with our insureds and our network of domestic and international collection firms or local counsel. Will review, evaluate and adjust claims. Determine coverage and policy compliance. Obtain and analyze claim documentation and information. Formulate claim decisions and formally present to FCIA’s Claims Committee. Ensure that claims are handled in compliance with legal and regulatory requirements. Communicate and negotiate with brokers, insureds and insureds’ counsel through all phases of the loss minimization, claims adjustment and subrogation/recovery process. Retain and direct outside counsel and consultants to maximize subrogation recoveries following claim payment Manage claims department workflow, including the setting and periodic updating, as necessary, of loss reserves, maintenance of claims files, and periodic reporting to Senior Management. Respond to insured and broker inquiries on policy questions, pre-claim issues and claim related matters. Provide excellent customer service and maintain good relationships with brokers and insureds. Assist underwriters in manuscripting and negotiating policies and endorsements, advise underwriters on policy interpretation. Assist FCIA’s General Counsel in drafting legal documents, including NDAs and new policy text for new or existing products. Assist FCIA’s General Counsel in legal and regulatory compliance matters including foreign licensing requirements, form and rate filings and producer licensing.

Qualification and Experience

The candidate should have college degree, law degree and current admission to Bar. Must have 5-7 years related property-casualty insurance claim experience required, preferably in the contract surety, credit or other financial products line. Strong communication, negotiation and interpersonal skills required for interacting with attorneys, brokers, insureds and debtors in a positive manner, building trust and customer loyalty is essential. Enthusiasm for working in a collaborative and team-oriented environment with a strong customer service commitment is essential. Familiarity with commercial transactions and bankruptcy law is preferred.

Additional info

job ID 23842

Company info

Hiring Coordinator
Great American Insurance Company
580 Walnut Street
Cincinnati, OH 45202

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