Dempsey & Siders Agency

Great American Custom, an underwriting division of Great American Insurance Group, dedicates itself to serving client needs and delivering outstanding service. We have made a name for ourselves as a full-service underwriting organization focused on long-term client relationships and customized business solutions. We specialize in providing primary casualty products as well as umbrella and capacity excess products that meet the needs of the commercial market. Our policy holders range from small businesses to complex multi-national corporations and Fortune 1000 accounts.

Senior Financial Products Claims Specialist

Location

United States

Posted

4 days ago

Salary

0

Seniority

Senior

No structured requirement data.

Job Description

Senior Financial Products Claims Specialist

Dempsey & Siders Agency

Role Description Manages a large inventory of highly complex Financial Products (Surety, Fidelity, Crime, Credit, Political, Directors & Officers, etc.) claims to evaluate compensability/liability. - Strategically orchestrates and leads comprehensive claims investigations to confirm coverage and to determine liability, compensability and damages. - Analyzes and negotiates appropriate claim settlements/reserves within prescribed authority. May attend arbitrations, mediations, depositions, or trials. - Conveys highly complex information regarding coverage and settlements to insureds, claimants, and external partners. - Authorizes payments in accordance with assigned authority limit, ensuring timely disbursement. - Maintains accurate and detailed claim files, including all correspondence, reports, and settlement agreements. - May have responsibility for performance and coaching of staff and may have a participatory role in decisions regarding talent selection, development, and performance management for direct reports. - Performs other duties as assigned. Qualifications - Bachelor’s Degree in Business Administration, Risk Management and Insurance, Finance, or a related field or equivalent experience. - Generally, a minimum of 13 years of experience in property and casualty claims handling. - Completion of or continuing progress toward a professional designation preferred, such as Associate in Claims (AIC). - May possess LLM (Master's of Law) or JD (Juris Doctorate) and current attorney license with 3 to 5 years of post-bar experience. Requirements - Works at the highest authority limits on assignments of the highest technical complexity and coordination. - Excellent analytical, negotiation, and problem-solving skills. - Demonstrates expert knowledge of insurance policies, coverage, and claims handling procedures. - Maintains and leverages knowledge of industry laws and regulations. - Advanced ability to organize and prioritize caseloads, ensuring timely resolution of claims. - Excellent interpersonal and communication skills with the ability to build relationships and lead negotiations. - Proven ability to handle confidential information with discretion. - Recognized as a subject matter expert within the company, potentially operating at a peer level to management. Benefits - Competitive benefits packages for full-time and part-time employees. - Full-time employees have access to medical, dental, and vision coverage, wellness plans, parental leave, adoption assistance, and tuition reimbursement. - Full-time and eligible part-time employees also enjoy Paid Time Off and paid holidays. - 401(k) plan with company match. - Employee stock purchase plan and commuter benefits.

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