Insurance Placement Solutions has an immediate opening for a Claims Director with our client in their Chicago, IL location. Responsible for managing third party claims service vendors with respect to a wide variety of reinsured or excess claims, including Workers Compensation and General Liability; specifically, occupational disease, asbestosis, environmental claims, limited AD&D and life claims. In addition to the above primary duties and responsibilities, this position may, on a limited basis, be assigned claims supervision relationship responsibilities with various large active ORRM customers. Although the respective processes may differ with such assignments, the basic characteristics of the work are similar in nature.
Claims Director Responsibilities will include, but are not limited to:
Examine the accuracy and completion of claims submitted for payment and denial.
Ensure proper services and settlement of claims.
Advise Claim Representatives on general company claims policy and provide assistance with specific claims problems.
Resolve and respond to legal complaints, problems or inquiries from claimants, insureds and TPAs. Ensure that investigations are carried out and legal assistance is obtained as needed.
Coordinate with reinsurers where appropriate, including coordination of recoveries with reinsurance accounting.
Provide input and information to reserving actuaries as appropriate.
Work with auditors during the audit process.
Approve worksheets for claim processing based on coverage, appraisal and verifiable damage.
Report to General Counsel on all matters of litigation.
Answer questions and perform project work for other departments.
Directly supervise a team in the Claims Department; carry out supervisory responsibilities in accordance with the organizations policies and applicable laws.
Interview, hire, and train employees; plan, assign, and direct work; appraise performance; reward and discipline employees; address complaints and resolve problems.
Support group problem solving; ensure progress toward goals.
Understand business implications of decisions.
Experience/Required Skills
Minimum 10 years of related commercial casualty insurance claims experience; or alternatively a law degree and 7 years insurance coverage or defense experience.
Meaningful experience with primary coverage determinations and reinsurance coverage and relationships.
Prefer experience with long-tail WC, A&E, and OD claims.
Strong planning and organization skills.
Ability to multi-task paired with strong time management skills.
Proficient PC skills, including experience with spreadsheet software, word processing software, and internet software.
Strong communication skills on multiple platforms.
Ability to effectively present information to top management, public groups, and/or boards of directors.
EducationBachelors degree from an accredited college or university preferred.About Insurance Placement Solutions
IPS is an insurance staffing and recruiting firm dedicated to the insurance industry, including construction defect claims jobs in the Chicago, IL area. Our services are designed to be a resource for clients to gain access to high caliber talent. Many of our clients do not have the dedicated manpower to quickly fill their temporary, temporary to hire or direct hire vacancies. That is where we come in. Our clients are able to utilize our services to maintain business-as-usual during unforeseen interruptions and fluctuating business needs. Plus, our candidates benefit from gaining backdoor access to highly sought-after positions with top companies in the industry.
Tagged as: Chicago Claims Jobs, Chicago Insurance Jobs, Claims Director, Claims Executive, Claims Manager
