BITCO Insurance Companies · 7 hours ago
Senior Claims Specialist
Lakewood, CA
Full-time
Hybrid
Mid, Senior Level
$90K/yr - $120K/yr
5+ years expBITCO Corporation is a property and casualty insurance company headquartered in Davenport, Iowa, seeking a Bilingual Senior Claims Specialist for Workers' Compensation. This role involves managing California Workers’ Compensation claims throughout the entire lifecycle while ensuring compliance with company standards and providing high-quality service to business partners.
Insurance
Responsibilities
Review and evaluate claim reserves to ensure that the respective reserve properly reflects the potential exposure
Investigate claims, which may include meeting with Insureds and witnesses, and obtaining statements, records, and other evidentiary materials
Provide proper documentation and reporting of investigation and claims handling activities
Negotiates, including through mediation, arbitration, or other court-supervised settlement efforts, settles, and resolves claims with claimants, and their lawyers; provides appropriate claims resolution documents
Maintain a working knowledge of regulatory and jurisdictional requirements
Provides direction to and management of defense counsel, independent adjusters and other third parties retained to assist in a particular claim
Other duties as assigned
Qualification
Required
Minimum of 5 years of experience with Claims Investigation – Statements, authorizations, retention of qualified experts and counsel
Minimum of 5 years of experience with Claims Administration – Reports, review and set accurate and timely reserves, compliance knowledge of laws and procedures, including lost time, serious injury, and litigated claims
Minimum of 5 years of experience with Litigation management – work with defense counsel and experts to resolve litigated claims
Knowledge of coverage, reserving principles, investigation and negotiation techniques
Ability to obtain and maintain state adjusting licenses, as needed
Must be service-oriented, with the ability to provide prompt, efficient, and effective claims and customer service
Ability to communicate clearly and effectively with our customers, claimants, opposing counsel, defense counsel, and members of the public
Ability to manage and organize workload of multiple tasks simultaneously
Excellent judgement, negotiation, and decision making skills
Must be able to travel, potentially overnight
Bilingual in English/Spanish is required (Both verbal and written communications are required)
Preferred
Certified Experienced CA Workers Compensation cert, CA Self-Insured cert
Benefits
Competitive salary and benefits
Paid vacation and 12 paid holidays a year
Health, dental, and vision insurance
Company paid life insurance – 2x annual earnings
Old Republic 401(k) Savings and Profit Sharing Plan
Education and training opportunities
Insurance designations encouraged with financial assistance available
Daily two-hour flexible start and end time for 7.5-hour workday
Employee Fitness Program
Company
BITCO Insurance Companies
Provides quality insurance services to special industries including construction, forest products and oil & gas. It is a sub-organization of Old Republic International Corporation.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Michael Vance
Sr. Vice President Information Technology / Chief Information Officer
Steve Agey
EVP Chief Underwriting Officer
Recent News
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