Financial Lines Complex Claims Analyst

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 looking for a Financial Lines Complex Claims Analyst – Private D&O and Public D&O.  The position will be based in one our offices: Chicago or New York.  This opportunity can also be based remote, if not within reasonable distance of one of the offices. 

Your Team  

You will be working with a small but diverse team of claims professionals of various experience levels and backgrounds, in a collegial and supportive atmosphere that values individual strengths and encourages professional development and participation in industry leadership. 

The Impact You Will Have  

Complex Claims Analyst will proactively investigate, evaluate, and negotiate resolution of assigned primary and excess Private D&O and Public D&O claims, in accordance with established best practices and assure claims are handled within granted autonomy limits. In addition, the Complex Claims Analyst will develop and maintain relationships with customers and brokers as well as internal business partners.   

Some of your specific responsibilities could include:                                          

• Investigation and Reserving of Claims - Investigate claims that involve complex liability issues on primary and excess Private D&O and Public D&O claims. 

• Evaluating and addressing coverage issues and determine appropriate reserving levels; and selecting and directing independent external service providers (e.g. Lawyers, Independent Adjusters, Experts). 

• Settlement - Negotiating and resolving complex Private and Public D&O claims ensuring cost effective, service orientated solutions. 

• Negotiation Savvy: Ability to negotiate resolution with claimants and/or their lawyers. 

• Ensuring claims are settled in accordance with settlement guidelines. 

• Referrals and Compliance - Ensuring all claims handled within authority limits, and in line with AzC Claims complex procedures and guidelines. 

• Relationship Management - Positively representing AGCS externally to the market and developing and maintaining relationships with brokers and clients, as well as other relevant stakeholders (e.g. third-party adjusters); 

What You’ll Bring to the Role 

• 5 - 7 years’ experience in proven track record in handling D&O claims involving complex coverage and damage issues                                                                                        

• Demonstrate established relationships with brokers at peer group level and well established within local market.                                                 

• Have an expert understanding of D&O products and portfolio, with expert understanding of coverage and application in the adjustment process. 

• In-depth understanding of regional / local insurance markets and competitor landscape 

• Communication & Presentation: Ability to express ideas and messages clearly, both written and verbally. Ability to "sell" claim service abilities as a marketing tool 

• Product and Coverages: Detailed understanding of Public D&O and Private D&O claims products, wordings, terms and conditions and coverages 

• Claim Handling: Solid knowledge of claim handling process from notification to settlement and recovery 

• Writing Skills: Ability to effectively communicate in writing, including letters and email communications. 

• Juris Doctor degree preferred. 

The annualized base pay range for this role is $102,232 – $202,418. The annual base salary range represents a nationwide market range. The actual salary for this position may be above and will be determined by several factors, including the scope, complexity and location of the role, the skills, education, training, credentials and experience of the candidate. The base pay is just one component of the AzC total compensation package.  As part of our comprehensive compensation and highly rated benefits programs, employees are also eligible for annual performance-based cash incentive awards. 

60705 | Customer Services & Claims | Professional | Allianz Commercial | Full-Time | Permanent

What’s in it for you? 

Let’s care about everything that makes you, you. 

We 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. 
 

#LI-Hybrid