CNA Insurance is employing Surety Claims Consultant on Sat, 05 May 2018 01:19:21 GMT. Coordinates discovery and litigation strategy with principals and
attorneys. Works with principals,
attorneys, account representatives and Claim Management...
Surety Claims Consultant
Location: Sioux Falls, South Dakota
Description: CNA Insurance is employing Surety Claims Consultant right now, this vacancy will be located in South Dakota. Detailed specification about this vacancy opportunity please read the description below.
Surety Claims Consultant-CLA0001WI
Description
Individual contributor responsible for the overall management of highl y complex claims. Recognized as a technical expert in the interpretation of complex or unusual Surety bond coverages. Under general management direction, works within assigned limits of broad authority on assignments requiring a high degree of technical complexity and coordination. May have regional, industry segment or company-wide scope of responsibility within Surety area.
Performs a combination of duties in accordance with departmental guidelines:
1. Manages highly complex investigations of Surety claims, including coverage issues, liability, compensability and damages. Determines if a major claim should be settled or litigated and implements an appropriate resolution strategy accordingly. Effectively manages loss c osts and claim expenses.
2. Manages all types of investigative activity or litigation on major claims, including the posting of appropriate reserves in a timely manner. Coordinates discovery and litigation strategy with principals and attorneys.
3. Negotiates highly complex settlement packages, and authorizes payment within scope of authority, settling claims in most cost effective manner and ensuring timely issuance of disbursements.
4. Coordinates recovery with salvage unit.
5. Makes recommendations on claims processes and resolution strategies to management.
6. Analyzes claims activities; prepares and presents reports to management and other internal business partners and clients.
7. Works with principals, attorneys, account representatives and Claim Management regarding the handling and/or disposition of highly complex claims.
8. Keeps curr ent on state/territory regulations and issues, industry activity and trends. May participate in industry trade groups.
9. Provides guidance and assistance to less experienced claims staff and other functional areas.
10. Responsible for input of data that accurately reflects claim circumstances and other information important to our business outcomes.
May perform additional duties as assigned.
Manager or above.
1. Advanced technical and product specific expertise, claims resolution skill and knowledge of Surety, insurance and claims principles, practices and procedures.
2. Strong communication, negotiation and presentation skills. Ability to effective ly interact with all levels of CNA's internal and external business partners.
3. Advanced analytical and problem solving skills, with the ability to manage and prioritize multiple projects.
4. Ability to deal with ambiguous situations and issues.
5. Creativity in resolving unique and challenging business problems.
6. Knowledge of Microsoft Office Suite and other business-related software.
7. Ability to adapt to change and value diverse opinions and ideas.
8. Ability to manage and prioritize multiple projects.
9. Ability to evaluate claims based on a cost benefit analysis.
10. Ability to fully comprehend complex claim facts and issues; and to further articulate analyses of claims in presentations to business partners and management as well as in internal reports.
11. Ability to implement strategies with a proactive long-term view of business goals and objectives.
Education & Experience
1. Bachelor's degree or equivalent experience. Law degree or Professional designation preferred.
Typically a minimum eight years claims experience
Job Claim
Primary LocationUnited States-South Dakota-Sioux Falls
Organization Surety - Claim
Job Posting May 4, 2018
Unposting Date Ongoing
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This vacancy starts available on: Sat, 05 May 2018 01:19:21 GMT