Claim Director (Finance)
JOB DESCRIPTION
Perform assignments, tasks or activities that contribute to the overall business objectives of the corporation and the business divisions being supported. Develop and maintain strong relationships with both external and internal customers in an effort to increase productivity with a focus on achieving claims handling excellence. Maintain proactive management of claims by focusing efforts toward expedient and equitable resolutions and ensuring established reserves reflect Chubb North America's financial exposure. Provide timely and appropriate direction and authority to ESIS and Third Party Administrators.
Key Responsibilities:
- Establish strong relationships with TPAs
- Oversight management of approximately 425 claims
- Provide direction, reserve and settlement authority to claim handlers as outlined in Chubb North American Claim Handling Guidelines and within Director's authority, elevating requests above authority to appropriate management levels for approval
- Perform assignments, tasks or activities that contribute to the overall objectives of the business division being supported including but not limited to; conducting audits, providing financial analysis on reserve adequacy, identifying occupational disease exposures, and providing expertise on jurisdictional nuances.
- Work closely with other Chubb disciplines in a team environment consisting of underwriting, actuarial, legal and accounting
- Ensure all recovery opportunities are investigated and explored
- Participate in the assigned weekly rotation Claim Loss Report (CLR) Committee to discuss complex claims
- Identify trends to determine individual or office weaknesses and develop action plans to correct negative trends and establish monitoring method to insure action plans have been successfully implemented.
- Responsible for implementation, monitoring and reporting on results of assigned special projects
- Participation in jurisdictional or procedural training by Chubb North American Claims
- Facilitate training for emerging jurisdictional or procedural issues
- Demonstrate skills in the following competencies: Strategic Leadership,
Business Acumen, Orientation to Results, Influencing Outcomes, and Focus on Development - Have an excellent understanding and demonstrated ability to apply the technical aspects of claim handling
- Effectively evaluate programs and procedures for continuous improvements
Qualifications/Credentials:
- Minimum of 5 to 7 years WC claims and/or legal experience; supervisory experience a plus
- Bachelor Degree or equivalent business experience
- Working knowledge of industry best practices and procedures
- Ability to make prompt, intelligent decisions based upon detailed analysis of complex issues
- Demonstrated oral and written communication skills, negotiation skills and influence management skills
- Ability to manage and operate in a team effectively
- Ability to facilitate and lead group(s) of people
- Demonstrate a proactive approach to servicing both external and internal customers
- Excellent interpersonal skills and ability to maintain positive approach
- Excellent time management and organizational skills
- Insurance courses a plus
- If you do not already have one, you will be required to obtain an applicable resident or designated home state adjusters license and possibly additional state licensure
ABOUT US
Chubb is a world leader in insurance. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.
At Chubb, we are committed to equal employment opportunity and compliance with all laws and regulations pertaining to it. Our policy is to provide employment, training, compensation, promotion, and other conditions or opportunities of employment, without regard to race, color, religious creed, sex, gender, gender identity, gender expression, sexual orientation, marital status, national origin, ancestry, mental and physical disability, medical condition, genetic information, military and veteran status, age, and pregnancy or any other characteristic protected by law. Performance and qualifications are the only basis upon which we hire, assign, promote, compensate, develop and retain employees. Chubb prohibits all unlawful discrimination, harassment and retaliation against any individual who reports discrimination or harassment.
