Senior Claims Analyst – Commercial Combined
Take the next step in your career with us.
Allied World is an ideal place for talented professionals who are driven by a belief in the value of collaboration and the power of knowledge.
We believe that when our great people work together and support one another, our clients receive the best solutions. We embrace unique perspectives and empower each person to grow through professional development, career training and mentoring programs.
Our people are our most important asset, and we are very proud of the quality of our team members.
Job Summary:
This role is part of the Global Markets Claims Group. You will be responsible for Property and Casualty claims (Commercial Combined) working within a strong and renowned claims team.
Responsibilities / Duties:
- Be responsible for the day-to-day handling of the UK Commercial claims team’s commercial combined book in compliance with claims manuals and KPIs. Typical duties will include:
- Setting up, investigating and authorising claim payments within specified authority
- Reviewing incoming claim correspondence on existing claims, formulating responses and creating workflows
- Maintaining a claims diary
- Investigating liability, quantum and coverage
- Adhering to internal procedures (i.e. declinatures, large losses, complaints, fraud etc)
- Drafting/amending declinatures before referring into the Head of UKC and/or European Head of Claims for approval
- Assessing, reserving and negotiating settling of claims within authority levels
- Instructing and managing loss adjusters and experts, when appropriate
- Reviewing loss adjuster and expert reports in detail
- Seeking management approval for reserves beyond authority
- Exploring and making subrogated recoveries with the assistance of loss adjusters/lawyers
- Conducting site visits
- Managing and handling claims that fall outside any delegated authority
- Attending and presenting during claims and underwriter meetings
- Reporting to Head of UKC claims and other management throughout
- Assisting with coordination of and carrying out of internal and external audits
- Liaising with underwriters regarding general claims queries
- Managing recoveries within authority
- Attending meetings with Insureds, brokers, lawyers, loss adjusters and other stakeholders,
- Producing and analysing claims reports
- Representing the claims team at market meetings, settlement meetings, mediations and marketing events
- Assisting with special projects as required
- Participating in annual claims presentation
Essential Requirements:
- 5 years+ handling Property and/or Casualty claims (including large and complex losses)
- Experience dealing with coverage issues
- Good understanding of Property and Casualty policy wordings
- Experience of managing bordereau and monitoring files on binder business
- Excellent oral and written communication skills
- Ability to work well within a team environment
Working at Allied World
Our team of over 1,500 professionals has deep expertise in the industry. They enjoy their work, and many have served for several years. This is what you can expect when you join us:
- Instant membership in the Allied World Family — a global network of colleagues who will support your career journey
- A manager who will help you build your career through a structured coaching program
- Access to a full suite of learning and development tools and resources
- A hybrid way of working with up to two days work from home
Global Presence
We are headquartered in Bermuda, with offices in Atlanta, Boston, Chicago, Costa Mesa, Dallas, Dublin, Farmington (CT), Hong Kong, London, Los Angeles, Malaysia, Miami, New York, Philadelphia, San Francisco, Singapore, Sydney, Toronto and Zug.
Our Business
Allied World Assurance Company Holdings, Ltd, through its subsidiaries, is a global provider of insurance and reinsurance solutions. We operate under the brand Allied World and have supported clients, cedents and trading partners with thoughtful service and meaningful coverages since 2001. We are a subsidiary of Fairfax Financial Holdings Limited, and benefit from a worldwide network of affiliated entities that allow us to think and respond in non-traditional ways.
Allied World is an equal opportunity employer. Subject to applicable law, all qualified applicants will be considered for employment without regard to race, color, religion or belief, gender, age, disability, military service, marital or civil partnership status, family status, sexual orientation, ethnic or national origin, genetic information or any other characteristic protected by applicable law or regulation in the relevant jurisdiction where we operate.
To learn more, visit awac.com, or follow us on Facebook at facebook.com/alliedworld and LinkedIn at linkedin.com/company/allied-world.