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Great American Custom is hiring : Senior Claims Technical Director - Excess Claim

Great American Custom is hiring : Senior Claims Technical Director - Excess Claim

MediabistroLos Angeles, CA, United States
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Be Here. Be Great. Working for a leader in the insurance industry means opportunity for you. Great American Insurance Group's member companies are subsidiaries of American Financial Group. We combine a "small company" culture where your ideas will be heard with "big company" expertise to help you succeed. With over 30 specialty property and casualty operations, there are always opportunities here to learn and grow.

At Great American, we value and recognize the benefits derived when people with different backgrounds and experiences work together to achieve business results. Our goal is to create a workplace where all employees feel included, empowered and enabled to perform at their best.

Great American Custom, an underwriting division of Great American Insurance Group, dedicates itself to serving client needs and delivering outstanding service. We have made a name for ourselves as a full-service underwriting organization focused on long-term client relationships and customized business solutions. We specialize in providing primary casualty products as well as umbrella and capacity excess products that meet the needs of the commercial market. Our policy holders range from small businesses to complex multi-national corporations and Fortune 1000 accounts.

Essential Job Functions and Responsibilities

  • Manages a book of excess claims for a significant size, complex product(s) or for the line of business. Investigates and maintains claims :

Reviews and evaluates coverage and / or liability.

  • Secures necessary information (i.e., reports, policies, appraisals, releases, statements, records or other documents) in the investigation of claims.
  • Works toward the resolution of claims files, and attends arbitrations, mediations, depositions, or trials as necessary.
  • May affect settlements / reserves within prescribed limits and submit recommendations to supervisor on cases exceeding personal authority.
  • Conveys the most complex information (coverage, decisions, outcomes, negotiations, etc.) to all appropriate parties maintaining a professional demeanor in all situations.
  • 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.
  • Serves as the technical expert on a product(s) and / or line of business.
  • Evaluates and makes recommendations to executive management on internal and external issues of strategic importance to a product(s) and / or line of business.
  • Plans for and ensures that budget and performance targets are met.
  • Provides technical advice to lower level positions and other functional areas.
  • Interacts with underwriting and marketing regarding claims trend issues.
  • May provide input to establishing policies and procedures.
  • May have responsibility for performance and coaching of staff and may have a participatory role in decisions regarding talent selection, development, and performance management for direct reports.
  • Performs other duties as assigned.
  • Bachelor's Degree in Business Administration, Risk Management and Insurance, Finance, or a related field or equivalent experience.
  • 12 or more years of related experience.
  • Compensation for this role is $140,580K -$189,420. Compensation for this role is influenced by a variety of factors, including but not limited to the specific office location, role, skill set, and level of experience.

    Company :

    GAIC Great American Insurance Company

    Salary Range :

    $140,580.00 -$189,420.00

    Benefits :

    Compensation varies by role, position level, and location. Individual pay is influenced by skills, education, training, certifications, experience, and the role's scope and complexity, along with business needs.

    We offer a competitive Total Rewards package, including medical, dental, and vision plans starting on day one, PTO, paid holidays, commuter benefits, an employee stock purchase plan, education reimbursement, paid parental leave / adoption assistance, and a 401(k) plan with company match. These benefits are available to eligible full-time and part-time employees.

    Your recruiter can provide more details about our total rewards and specific compensation ranges during the hiring process.

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    American Is Hiring • Los Angeles, CA, United States

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