Chubb

Claim Director

Chubb$78K — $114K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 5-7 years of WC claims and/or legal experience
  • Bachelor's degree or equivalent business experience
  • Knowledge of industry best practices and procedures
  • Ability to make informed decisions based on complex analysis
  • Strong oral and written communication and negotiation skills
  • Proven teamwork abilities and leadership skills
  • Strong organizational and time management skills

Responsibilities

  • Establish strong relationships with Third Party Administrators
  • Manage oversight of around 400 claims
  • Provide claim handling direction and settlement authority
  • Contribute to business objectives through audits and financial analysis
  • Collaborate with underwriting, actuarial, legal, and accounting teams
  • Investigate and explore recovery opportunities
  • Participate in weekly Claim Loss Report Committee discussions
  • Identify trends and develop plans to address weaknesses

Benefits

  • Comprehensive benefits package
  • Participation in discretionary annual incentive program
  • Opportunities for professional development and training
  • Access to a network of experts in various disciplines
  • Support for obtaining necessary licenses
Full Job Description
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 American's financial exposure. Provide timely and appropriate direction and authority to assigned Third Party Administrators.

Key Responsibilities:
  • Establish strong relationships with assigned Third Party Administrators
  • Oversight management of approximately 400 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 ensure 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
  • Bachelor's 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.

The pay range for the role is $78,100 to $114,400. The specific offer will depend on an applicant's skills and other factors. This role may also be eligible to participate in a discretionary annual incentive program. Chubb offers a comprehensive benefits package, more details on which can be found on our careers website. The disclosed pay range estimate may be adjusted for the applicable geographic differential for the location in which the position is filled.

About Chubb

Chubb Limited is a Swiss-based global insurance company that provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance (A&H), reinsurance, and life insurance to a diverse group of clients. Chubb operates in 54 countries and territories and is the world's largest publicly traded property and casualty insurance company. The company has a long history, dating back to 1882, and has grown through a series of mergers and acquisitions. Chubb is known for its high-quality insurance products and services, as well as its strong financial performance and commitment to corporate social responsibility.
Learn more about Chubb
Size
31,000 employees
Market Cap
$90.7 billion
Industry
Net Income
$3.5 billion
Founded
1882
5 Year Trend
+5.3%
Revenue
$35.9 billion
NASDAQ

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