1 Multinational Subro Claims Specialist Job in Fallon, MO
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Multinational Subro Claims Specialist
$82k-100k (estimate)
Full Time
3 Weeks Ago
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Allianz Commercial is Hiring a Multinational Subro Claims Specialist Near Fallon, MO
Let’s care for tomorrow. Your ambitions. Your dreams. Your tomorrow At Allianz Commercial (AzC), we are the global leader for insuring corporate and specialty risks in the Allianz Group. Whether it’s aircraft, satellites, the world’s biggest ships and tallest building, cyber-attacks or climate change impacts, AzC has the major risks covered when it comes to protecting businesses.
We are currently looking for a Claims Subrogation Specialist which will be based in O’Fallon, MO.
The Impact You Will Have The Claims Subrogation Specialist will primarily:
51187 | Customer Services & Claims | Professional | Non-Executive | Allianz Commercial | Full-Time | Permanent
What’s in it for you? Let’s Care About Everything That Makes You, YouWe are committed to nurturing an inclusive environment where everyone feels they belong. We offer a hybrid working model, which recognizes the value of striking a balance between in-person collaboration and remote working. Please feel free to discuss flexible working arrangements with us.
Let’s care for your financial wellbeing We believe in rewarding performance with a great compensation and benefits package (details vary by location), including a generous bonus scheme and 401K.
Let’s care for your opportunities to progress From career development and digital learning programs to international career mobility, we offer lifelong learning for our employees worldwide and an environment where innovation, delivery and empowerment are fostered.
Let’s care for life’s twists and turns From our support for flexible working, health and wellbeing (including private healthcare and generous parental leave benefits), to helping people return from career breaks with experience that nothing else can teach. We’ve got your back.
Let’s care for our society and our planet With opportunities to be engaged in shaping a future that is safe, inclusive and sustainable, we care for the tomorrows of our people, our industry and our clients.
Care to join us? Allianz Commercial (AzC) is a global corporate insurance carrier and part of Allianz Group. We provide risk consultancy, Property-Casualty insurance solutions and alternative risk transfer for a wide spectrum of commercial, corporate and specialty risks across 10 dedicated lines of business. Learn more about us by clicking here .
Allianz is an equal opportunity employer, and therefore welcomes applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability, sexual orientation or any other protected characteristic. Diversity of thinking is an important part of our company culture.
Recruitment Agencies: AzC has an in-house recruitment team, which focuses on sourcing great candidates directly. AzC does not accept unsolicited resumes from agency or search firm recruiters. Fees will not be paid in the event a candidate submitted by a recruiter without an agreement in place is hired. When we do use agencies, we have a PSL in place, so please do not contact managers directly.
We are currently looking for a Claims Subrogation Specialist which will be based in O’Fallon, MO.
The Impact You Will Have The Claims Subrogation Specialist will primarily:
- Handle complex subrogation claims for multiple lines of business within authority limits.
- Maximize recoveries through proactive investigations, thorough analysis of all available opportunities for recovery, and closely manage expenses.
- Review and manage subrogation intervention requests received from external recovery partners.
- Provide quality service to all internal and external customers.
- Claims Processing and Administration
- Document and maintain accurate claims records, within appropriate AGC&S Claims systems.
- Proactively engage with recovery partners to drive positive financial results, including auditing and management of vendor reports.
- Secure supporting documentation to perfect our subrogation case.
- Investigation and Reserving of Claims
- Investigate and evaluate high exposure domestic and international subrogation claims involving complex legal issues under general direction and within department policies, procedures and authority.
- Evaluate liability, jurisdiction and all relevant considerations to develop a strategy in support of a viable subrogation case.
- Select and direct independent external service providers (e.g. subrogation counsel, experts, etc)
- Settlement
- Proactively and aggressively negotiate appropriate settlements on high exposure, complex claims ensuring cost effective, service orientated solutions, without the use of counsel whenever possible.
- Consider various options for subrogation resolution, considering cost/benefit, and develop a strategy to maximize the gross and net.
- Manage and direct counsel when their retention is required.
- Market Management & Relationship Management
- Proactively support acquisition of new business and retention of existing business (including client and broker negotiations where necessary.
- Proactively liaise with MMC on market management initiatives; positively represent AGCS externally to the market; proactively drive involvement of functional areas in Claims handling process, e.g. Underwriting, MMC, ARC, Operations; and develop and maintain strong relationships with key brokers and clients and other relevant stakeholders (e.g. third party adjusters).
- Relationship Management
- Positively represent AGCS externally to the market
- Proactively drive involvement of functional areas in Claims subrogation process (e.g. Underwriting, MMC, ARC, Operations)
- Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders (e.g. experts, attorneys, mediators, etc)
- Effectively report and present complex and contentious loss and claims information internally and externally
- Knowledge of Marine subrogation claims concepts and terminology that exist across various LOBs.
- Claim Handling: Solid knowledge of claim handling process from notification to settlement and recovery.
- Understanding of financial concepts and application of jurisdictional knowledge.
- Understanding of statutory provisions, notice of claim requirements for various LOB's.
- General understanding of contracts and their applicability.
- Minimum of 5 – 7 years of Specialized understanding of LoB products and portfolio with technical specialist knowledge. Management of systems (e.g. Genius)
- Minimum of 5 - 7 years of specialized understanding of regional/local LoB insurance markets and competitor landscape
- Minimum of 3-5 years of recognized relationship building with brokers at peer group level and well established within local market.
- Minimum of 5 -7 years of good understanding of legal and regulatory framework
- Products and Coverages: understanding in relevant products, wordings, terms and conditions and coverages.
- Bachelor’s Degree preferred.
- Minimum of 3 - 5 years of experience in working in global complex, matrix organization leading a team of professionals.
- Communication skills: Clearly and effectively express ideas and messages via speech or writing.
- Negotiation and conflict management: Ability to negotiate best position for Allianz Commercial, and client, often in contentious situations, managing conflicting priorities of various parties.
- Analytical Skills: Ability to effectively absorb information from various sources, then analyze, study or examine data in detail, and draw appropriate conclusions.
51187 | Customer Services & Claims | Professional | Non-Executive | Allianz Commercial | Full-Time | Permanent
What’s in it for you? Let’s Care About Everything That Makes You, YouWe are committed to nurturing an inclusive environment where everyone feels they belong. We offer a hybrid working model, which recognizes the value of striking a balance between in-person collaboration and remote working. Please feel free to discuss flexible working arrangements with us.
Let’s care for your financial wellbeing We believe in rewarding performance with a great compensation and benefits package (details vary by location), including a generous bonus scheme and 401K.
Let’s care for your opportunities to progress From career development and digital learning programs to international career mobility, we offer lifelong learning for our employees worldwide and an environment where innovation, delivery and empowerment are fostered.
Let’s care for life’s twists and turns From our support for flexible working, health and wellbeing (including private healthcare and generous parental leave benefits), to helping people return from career breaks with experience that nothing else can teach. We’ve got your back.
Let’s care for our society and our planet With opportunities to be engaged in shaping a future that is safe, inclusive and sustainable, we care for the tomorrows of our people, our industry and our clients.
Care to join us? Allianz Commercial (AzC) is a global corporate insurance carrier and part of Allianz Group. We provide risk consultancy, Property-Casualty insurance solutions and alternative risk transfer for a wide spectrum of commercial, corporate and specialty risks across 10 dedicated lines of business. Learn more about us by clicking here .
Allianz is an equal opportunity employer, and therefore welcomes applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability, sexual orientation or any other protected characteristic. Diversity of thinking is an important part of our company culture.
Recruitment Agencies: AzC has an in-house recruitment team, which focuses on sourcing great candidates directly. AzC does not accept unsolicited resumes from agency or search firm recruiters. Fees will not be paid in the event a candidate submitted by a recruiter without an agreement in place is hired. When we do use agencies, we have a PSL in place, so please do not contact managers directly.
Job Summary
JOB TYPE
Full Time
SALARY
$82k-100k (estimate)
POST DATE
07/08/2024
EXPIRATION DATE
08/01/2024
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