Associate Claims Specialist - Accelerate, Cyber
Associate Claims Specialist - Accelerate
Location: Mt. Kisco, NY or Encino, CA
Under immediate supervision, investigates coverage and liability, and resolves claims under various policies of insurance. Completes assignments and participates in events within the Accelerate Program.
What we offer
Competitive salary and employee benefit package
Strong learning culture
Growth perspectives
6% 401K match
20 days of PTO and 2 Floating Days
Paid parental leave
An opportunity to love what you do
Key Responsibilities
Investigate facts, circumstances, coverage and liability of assigned claims under the applicable policy.
Draft actions plans, including coverage recommendations, for the approval by Claims Manager, supervisor or senior claims staff.
Establish and revise claim reserves based on claim developments and liability assessments.
Draft coverage determination letters, including reservation of rights and denial letters.
Obtain updates from defense counsel and/or coverage counsel and/or the Insured, as appropriate.
Authorize settlements based on liability and other considerations after receiving approval from claims management.
Review, approve, and reimburse the Insured for legal, expert/vendor invoices, and settlement.
Conduct detailed bill reviews to ensure appropriate payment.
Maintain a claim file by preserving all claims related documents and accurately documenting/recording all communications and activities.
Communicate with insureds, brokers or reinsured clients to obtain information necessary for processing claims.
Report on assigned claims as required by claims department management, underwriters and/or corporate claims office.
Participate in events and/or complete assignments as directed by management within the parameters of the Accelerate Program.
May require completion of coursework toward industry designations and/or claims adjuster licenses.
Successfully complete all training assignments (in person and online) assigned by the Accelerate Team.
Successfully complete the professional insurance designation assigned based on the participant's line of business (e.g., CPCU, CEBS, CII, etc.), by completing individual modules and exams according to the prescribed schedule provided in the designation's orientation.
Attend each annual conference and participate fully.
New York Residents Only
For candidates working in Mt. Kisko, NY the reasonable pay range for this specific position is $68,000-$92,700 annually. "The salary offered for this specific position is based on a number of legitimate, non-discriminatory factors set by the Company. The Company is fully committed to ensuring equal pay opportunities for equal work regardless of color, race, sex, national origin, sexual orientation, gender identity, gender expression, religion, age, veteran status, disability, pregnancy, citizenship status, genetic information, or any other basis protected by federal, state, or local pay equity laws. The salary range is the range TMHCC, in good faith, believes is the range of possible compensation for this role at the time of this posting. This range may be modified in the future, and actual compensation may vary from posting based on geographic location, work experience, education, and/or skill level. Even with the pay range, the actual compensation will vary depending on the above factors as well as market and business considerations."
California Residents Only
For candidates working in person in Los Angeles, the reasonable pay range for this specific position is $65,200-$80,000 annually. The salary offered for this specific position is based on a number of legitimate, non-discriminatory factors set by the Company. The Company is fully committed to ensuring equal pay opportunities for equal work regardless of color, race, sex, national origin, sexual orientation, gender identity, gender expression, religion, age, veteran status, disability, pregnancy, citizenship status, genetic information, or any other basis protected by federal, state, or local pay equity laws. The salary range is the range TMHCC, in good faith, believes is the range of possible compensation for this role at the time of this posting. This range may be modified in the future, and actual compensation may vary from posting based on geographic location, work experience, education, and/or skill level. Even within the pay range, the actual compensation will vary depending on the above factors as well as market and business considerations.
The Company believes in "second chance" employment. Qualified applicants with arrest or conviction history will be considered regardless of their arrest or conviction history, consistent with local laws such as Los Angeles County Fair Chance Ordinance and the California Fair Chance Act. You do not need to disclose your criminal history or participate in a background check until a conditional job offer is made to you. After making a conditional offer and running a background check, if the Company is concerned about conviction that is directly related to the job, you will be given the chance to explain the circumstances surrounding the conviction, provide mitigating evidence, or challenge the accuracy of the background report. This job posting is for Associate Claims Specialist and its material job duties include those listed above.
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Location: Mt. Kisco, NY or Encino, CA
Under immediate supervision, investigates coverage and liability, and resolves claims under various policies of insurance. Completes assignments and participates in events within the Accelerate Program.
What we offer
Competitive salary and employee benefit package
Strong learning culture
Growth perspectives
6% 401K match
20 days of PTO and 2 Floating Days
Paid parental leave
An opportunity to love what you do
Key Responsibilities
Investigate facts, circumstances, coverage and liability of assigned claims under the applicable policy.
Draft actions plans, including coverage recommendations, for the approval by Claims Manager, supervisor or senior claims staff.
Establish and revise claim reserves based on claim developments and liability assessments.
Draft coverage determination letters, including reservation of rights and denial letters.
Obtain updates from defense counsel and/or coverage counsel and/or the Insured, as appropriate.
Authorize settlements based on liability and other considerations after receiving approval from claims management.
Review, approve, and reimburse the Insured for legal, expert/vendor invoices, and settlement.
Conduct detailed bill reviews to ensure appropriate payment.
Maintain a claim file by preserving all claims related documents and accurately documenting/recording all communications and activities.
Communicate with insureds, brokers or reinsured clients to obtain information necessary for processing claims.
Report on assigned claims as required by claims department management, underwriters and/or corporate claims office.
Participate in events and/or complete assignments as directed by management within the parameters of the Accelerate Program.
May require completion of coursework toward industry designations and/or claims adjuster licenses.
Successfully complete all training assignments (in person and online) assigned by the Accelerate Team.
Successfully complete the professional insurance designation assigned based on the participant's line of business (e.g., CPCU, CEBS, CII, etc.), by completing individual modules and exams according to the prescribed schedule provided in the designation's orientation.
Attend each annual conference and participate fully.
New York Residents Only
For candidates working in Mt. Kisko, NY the reasonable pay range for this specific position is $68,000-$92,700 annually. "The salary offered for this specific position is based on a number of legitimate, non-discriminatory factors set by the Company. The Company is fully committed to ensuring equal pay opportunities for equal work regardless of color, race, sex, national origin, sexual orientation, gender identity, gender expression, religion, age, veteran status, disability, pregnancy, citizenship status, genetic information, or any other basis protected by federal, state, or local pay equity laws. The salary range is the range TMHCC, in good faith, believes is the range of possible compensation for this role at the time of this posting. This range may be modified in the future, and actual compensation may vary from posting based on geographic location, work experience, education, and/or skill level. Even with the pay range, the actual compensation will vary depending on the above factors as well as market and business considerations."
California Residents Only
For candidates working in person in Los Angeles, the reasonable pay range for this specific position is $65,200-$80,000 annually. The salary offered for this specific position is based on a number of legitimate, non-discriminatory factors set by the Company. The Company is fully committed to ensuring equal pay opportunities for equal work regardless of color, race, sex, national origin, sexual orientation, gender identity, gender expression, religion, age, veteran status, disability, pregnancy, citizenship status, genetic information, or any other basis protected by federal, state, or local pay equity laws. The salary range is the range TMHCC, in good faith, believes is the range of possible compensation for this role at the time of this posting. This range may be modified in the future, and actual compensation may vary from posting based on geographic location, work experience, education, and/or skill level. Even within the pay range, the actual compensation will vary depending on the above factors as well as market and business considerations.
The Company believes in "second chance" employment. Qualified applicants with arrest or conviction history will be considered regardless of their arrest or conviction history, consistent with local laws such as Los Angeles County Fair Chance Ordinance and the California Fair Chance Act. You do not need to disclose your criminal history or participate in a background check until a conditional job offer is made to you. After making a conditional offer and running a background check, if the Company is concerned about conviction that is directly related to the job, you will be given the chance to explain the circumstances surrounding the conviction, provide mitigating evidence, or challenge the accuracy of the background report. This job posting is for Associate Claims Specialist and its material job duties include those listed above.
Apply Now