About the Role
This individual contributor role manages commercial claims of high complexity and exposure within Commercial Auto/General Liability/Construction Auto and General Liability lines of business. The position is responsible for coordinating all aspects of the claim resolution process in accordance with company guidelines, delivering high-quality outcomes and strong customer service. Regular communication with customers, insureds, and other stakeholders is required, and the role may support designated accounts.
Responsibilities
- Manages highly complex investigations of claims, including coverage issues, liability, compensability and damages.
- Determines if a major claim should be settled or litigated and implements an appropriate resolution strategy.
- Effectively manages loss costs and claim expenses.
- Manages all types of investigative activity or litigation on major claims, including the posting of appropriate reserves in a timely manner.
- Coordinates discovery and litigation strategy with staff counsel or panel attorneys.
- Negotiates highly complex settlement packages, and authorizes payment within scope of authority, settling claims in the most cost-effective manner and ensuring timely issuance of disbursements.
- Coordinates third-party recovery with subrogation/salvage unit.
- Makes recommendations on claims processes and resolution strategies to management.
- Analyzes claims activities; prepares and presents reports to management and other internal business partners and clients.
- Works with attorneys, account representatives, agents, doctors and insureds regarding the handling and/or disposition of highly complex claims.
- Keeps current on state/territory regulations and issues, industry activity and trends.
- Provides guidance and assistance to less experienced claims staff and other functional areas.
- Responsible for input of data that accurately reflects claim circumstances and other information important to business outcomes.
Requirements
- Typically a minimum of eight years of claims experience.
- Bachelor's degree or equivalent experience.
- Professional designation preferred.
Skills
- Advanced technical and product-specific expertise.
- Claims resolution skill.
- Knowledge of insurance and claims principles, practices and procedures.
- Strong communication skills.
- Strong negotiation skills.
- Strong presentation skills.
- Ability to effectively interact with all levels of CNA's internal and external business partners.
- Advanced analytical skills.
- Advanced problem-solving skills.
- Ability to manage and prioritize multiple projects.
- Ability to deal with ambiguous situations and issues.
- Creativity in resolving unique and challenging business problems.
- Knowledge of Microsoft Office Suite and other business-related software.
- Ability to adapt to change.
- Ability to value diverse opinions and ideas.
- Ability to evaluate claims based on a cost-benefit analysis.
- Ability to fully comprehend complex claim facts and issues.
- Ability to articulate analyses of claims in presentations to business partners and management.
- Ability to articulate analyses of claims in internal reports.
- Ability to implement strategies with a proactive long-term view of business goals and objectives.
Location
- Hybrid
Work Type
- Hybrid
Experience Level
- Minimum eight years claims experience
Education Level
- Bachelor's degree or equivalent experience
- Professional designation preferred
Salary/Compensations
- $72,000 to $141,000 annually
Benefits
- Comprehensive and competitive benefits package to help employees and their family members achieve their physical, financial, emotional and social wellbeing goals.
About the Company
- At CNA, we strive to create a culture in which people know they matter and are part of something important, ensuring the abilities of all employees are used to their fullest potential.
- We foster a culture where people know they matter, feel connected to meaningful work, and are supported in using their talents to their fullest potential.
Equal Opportunity
- CNA is committed to providing reasonable accommodations to qualified individuals with disabilities in the recruitment process.
