Claims Analyst III, E&O jobs in United States
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AIG · 1 month ago

Claims Analyst III, E&O

AIG is a global leader in commercial and personal insurance solutions, and they are seeking a Claims Analyst III to manage multi-line financial claims. The role involves making coverage determinations, investigating claims, and collaborating with stakeholders to ensure timely resolution and customer satisfaction.

BankingFinancial ServicesInsurance

Responsibilities

Handling all aspects of multi-line, financial lines claims from inception through conclusion brought against insureds
Making coverage determinations
Investigating losses
Evaluating and projecting potential exposures
Setting judgmental reserves
Developing and implementing resolution strategies
Managing outside law firms
Working with underwriting on policy renewals
Promoting client relationships
Responsible for a portfolio of claims from coverage inquiry through legal liability assessment and quantum analysis, to timely and accurate resolution
Timely, accurate and customer-focused claim resolution
Minimizing indemnity exposure and mitigating vendor and legal expense
Actively promote and demonstrate the principles of ‘Treating Customers Fairly’ in claims handling
Communicate regularly with internal and external stakeholders in your role as a Errors & Omissions claims expert and thought leader
Work closely with underwriting partners to provide feedback on claim exposures and trends to inform decisions on the portfolio
Contribute to continuous improvement in Claims by supporting Quality Assurance / Regional Audit processes
Ensuring mitigation of indemnity and expense exposure while communicating developments and outcomes as necessary to all key internal and external stakeholders

Qualification

Third-party claims handlingLegal liability assessmentNegotiation skillsPolicy language interpretationLegal requirementsMediation skillsArbitration skillsContinuous improvementInfluencing stakeholders

Required

Experience handling third-party claims, litigation or other related experience
Knowledge of legal / regulatory and litigation / procedural requirements for professional liability and/or construction claims
Bachelor's Degree or equivalent required
Experience in negotiation, mediation, arbitration and ADR skills on higher value complex claims
Policy language skills enabling accurate and consistent policy wording interpretation
A track record of following up effectively on recommendations from technical claims audits and continuous file handling improvement
The ability to influence claims and non-claims stakeholders by effectively directing claims strategy

Preferred

Multi-state adjuster licenses and/or JD preferred

Benefits

Competitive benefits
Total Rewards Program
Health, wellbeing and financial security
Professional development

Company

AIG is a global insurance company providing insurance products to support clients in business and in life.

Funding

Current Stage
Late Stage

Leadership Team

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Kelly Lafnitzegger
Executive Vice President and Chief Human Resources Officer
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Charlie Fry
EVP, Reinsurance Purchasing and Risk Capital Optimization
Company data provided by crunchbase