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Claims Associate

Job Level:  Professional
Location: 

O'Fallon, MO, US, 63368

Due Date:  as soon as possible
Area of Expertise:  Customer Services & Claims
Unit:  Allianz Global Corporate Specialty
Job Type:  Full-Time
Remote Job:  Not applicable
Employment Type:  Permanent
ID:  4004

Summary of the Job

Begin working in the MidCorp Inland Marine Standard Claims Department with advancement to adjusting "standard" claims within the standard claims unit. Claims which are adjusted are those within AGCS Inland Marine policies. Proactively investigate, negotiate and resolve standard claims within the standard claims unit in O'Fallon. Responsible for in-house adjusting. Ensure claims are handled within authority limits and in line with AGCS Claims Standards procedures and guidelines. Develop and maintain relationships with brokers and clients, as well as internal business partners. Provide efficient claims handling within team while working with third party services providers in achieving economical results and to provide a high quality service to all internal and external relationships. 

 

Key Responsibilities

Investigation and Reserving of Claims

  • Investigate high volume claims that involve non complex issues on APD claims associated with MTC programs, as well as standard claims for additional lines of business.
  • Evaluate and address coverage issues and determine appropriate reserving levels
  • Select and direct independent external service providers (e.g. Independent Adjusters, Experts)   

  

Settlement                                                                                                                                                                                                                                                              

  • Negotiate and resolve noncomplex claims ensuring cost effective, service orientated solutions                                                                                                         
  • Ensure claims are settled in accordance with settlement guidelines                                                                                                                                                             
  • Drive effective subrogation processes.     

                                                    

Referrals and Compliance                                                                                                                                                                                                                                             

  • Ensure all claims handled within authority limits, and in line with AGCS Claims complex procedures and guidelines
  • Refer cases outside of authority level, preparing referral documentation and materials as appropriate
  • Support establishment of claims management procedures on new business accounts in association with clients, brokers and loss adjusters                                                                    

Market Management                                                                                                                                                                                                                                           

  • Proactively support acquisition of new business and retention of existing business                                                                                             
  • Proactively liaise with underwriters on market management initiatives                                                                                                                                   
  • Attend industry functions          

                                                               

Relationship Management                                                                                                                                                                                                                          

  • Positively represent AGCS externally to the market and develop and maintain relationships with brokers and clients, as well as other relevant stakeholders (e.g. third party adjusters)
  • Proactively drive involvement of functional areas in Claims handling process, e.g. Underwriting, Operations
  • Effectively report and present complex and contentious loss and claims information internally and externally                                                                      

 

Required Experience

  • Minimum 1 - 3 years: Proven track record in handling claims involving non complex coverage and damage issues             
  • Mininum 1 - 3 years: Detailed understanding of claims handling process            
  • Minimum 1 - 3 years: Demonstrate established relationships with brokers at peer level group and well established in local market            
  • In-depth understanding of regional/local LoB insurance markets and competitor landscape            
  • Multi-lingual is a plus (ideal but not required)      
  • Products and Coverages: Detailed understanding of claims products, wordings, terms and conditions and coverages        
  • Claims Handling: Solid knowledge of claims handling process from notification to settlement and recovery         
  • Reserving: A knowledge of reserving principles and practices         
  • Analytical Skills: Ability to analyze non-complex data, from multiple sources, in detail; identify and resolve issues before they transpire        
  • Negotiation and conflict management: Ability to negotiate best position for AGCS, and client, often in contentious situations, managing conflicting priorities of various parties        
  • IT skills (Office applications): Use general office application tools e.g. Power Point, Excel, Word        
  • Communication & Presentation: Ability to express ideas and messages clearly, both written and verbally.  Ability to "sell" claims service abilities as a marketing tool  
  • Bachelor's Degree
  • Insurance Industry Certification (not required)      

         
                                                         
     

Allianz Global Corporate & Specialty (AGCS) is a leading global corporate insurance carrier and a key business unit 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.

Our customers are as diverse as business can be, ranging from Fortune Global 500 companies to small businesses, and private individuals. Among them are not only the world’s largest consumer brands, tech companies and the global aviation and shipping industry, but also wineries, satellite operators or Hollywood film productions. They all look to AGCS for smart answers to their largest and most complex risks in a dynamic, multinational business environment and trust us to deliver an outstanding claims experience.

 

Worldwide, AGCS operates with its own teams in 32 countries and through the Allianz Group network and partners in over 200 countries and territories, employing over 4,300 people. As one of the largest Property-Casualty units of Allianz Group, we are backed by strong and stable financial ratings. In 2019, AGCS generated a total of €9.1 billion gross premium globally.

 

For more information, visit www.agcs.allianz.com or follow us on Twitter @AGCS_Insurance and LinkedIn.


Nearest Major Market: St Louis