Senior Claims Representative - Contract Bonds

Profile

Senior Claims Representative - Contract Bonds

Responsibilities: Investigates, evaluates and adjusts Financial Products (Surety, Fidelity, Crime, Credit, Political, Directors & Officers, etc.) claims. Reviews and evaluates coverage and/or liability. Secures necessary information (i.e., reports, bonds, credit limits, policies, appraisals, releases, statements or other documents) to assist in the investigation of claims. Retains and directs approved consultants and outside counsel. Responsible for maintaining cost controls and overseeing the work of outside counsel. Determines available avenues of recovery and their cost-effectiveness; coordinates approved recovery effort. Establishes and maintains proper loss, salvage and subrogation reserves. Prepares periodic claims reports and financial evaluations. Affects settlements/reserves within prescribed limits and submits recommendations to supervisor on cases exceeding personal authority. Ensures that claims payments are issued in a timely and accurate manner. Ensures compliance of claims handling pursuant to all state, legal, statutory and regulatory bodies to comply with all company procedures and requirements. May provide guidance and assistance to lower level positions and other functional areas.

Additional Information

Requisition ID: R2794

Company info

Great American Insurance Company
580 Walnut Street
Cincinnati
Ohio
United States 45202
Website : http://www.greatamericaninsurancegroup.com