Claims Specialist - Liability

CorVel; Downers Grove (IL); Remote; USD 51,000 - 84,000; Full time

Job summary

An established industry player is seeking a Liability Claims Specialist to manage complex claims and ensure compliance with company standards. This role involves investigating claims, negotiating settlements, and maintaining professional relationships with clients. The ideal candidate will have strong communication skills and a background in claims management. Join a company that values integrity, teamwork, and excellence, offering a supportive culture and opportunities for career advancement. If you are passionate about risk management and looking for a rewarding role, this is the perfect opportunity for you.

Benefits

Medical (HDHP) w/Pharmacy

Dental Insurance

Vision Insurance

401K

Paid Time Off

Flexible Spending Account Options

Life Insurance

Accident Insurance

Critical Illness Insurance

Parking and Transit FSA accounts

Qualifications

• Bachelor's degree or equivalent experience required.
• 3+ years of experience in liability claims management.

Responsibilities

• Manage complex liability claims and negotiate settlements.
• Investigate claims and establish reserves within authority limits.
• Develop action plans to reduce claim costs.

Skills

Excellent written and verbal communication skills

Problem-solving ability

Computer proficiency (MS Office, Excel)

Interpersonal skills

Time management skills

Organizational skills

Ability to work independently and in a team

Education

Bachelor's degree or equivalent experience

3+ years of relevant experience

Tools

MS Office

Job description

The Liability Claims Specialist manages within company standards and best practices complex and problematic liability claims within delegated limited authority to determine benefits due; manage subrogation and negotiate settlements to ensure specific customer service requirements to achieve the best possible outcome in the claim, supporting the goals of claims department and of CorVel.

ESSENTIAL FUNCTIONS AND RESPONSIBILITIES:

• Receives claim, confirms policy coverage and acknowledgement of the claim.
• Determines validity of the claim by investigating and gathering information regarding the claim and files necessary documentation with state agencies.
• Establishes reserves and authorizes payments within reserving authority limits.
• Develops and manages well-documented action plans to reduce overall cost of the claim.
• Manages subrogation and litigation of claim as it applies.
• Manages potential claim recoveries of all types.
• Communicates claim status with the customer and claimant.
• Adheres to client and carrier guidelines and participates in claims review as needed.
• Develops and maintains professional customer relationships.
• Complies with rules and regulations of applicable state.
• Additional projects and duties as assigned.

KNOWLEDGE & SKILLS:

• Excellent written and verbal communication skills.
• Ability to assist team members to develop knowledge and understanding of claims practice.
• Ability to identify, analyze and solve problems.
• Computer proficiency and technical aptitude with the ability to utilize MS Office including Excel spreadsheets.
• Strong interpersonal, time management and organizational skills.
• Ability to work both independently and within a team environment.
• Knowledge of the entire claims administration and cost containment solution as applicable to liability.

EDUCATION/EXPERIENCE:

• Bachelor's degree or a combination of education and related experience.
• Minimum of 3 years AL Experience with 1st Party, PD, and BI experience necessary.
• GL experience a plus.
• Litigation knowledge a plus.

PAY RANGE: CorVel uses a market-based approach to pay and our salary ranges may vary depending on your location. Pay rates are established taking into account the following factors: federal, state, and local minimum wage requirements, the geographic location differential, job-related skills, experience, qualifications, internal employee equity, and market conditions. Our ranges may be modified at any time.

For leveled roles (I, II, III, Senior, Lead, etc.), new hires may be slotted into a different level, either up or down, based on assessment during the interview process taking into consideration experience, qualifications, and overall fit for the role. The level may impact the salary range and these adjustments would be clarified during the offer process.

Pay Range: $51,807 – $83,551.

A list of our benefit offerings can be found on our CorVel website: CorVel Careers | Opportunities in Risk Management.

In general, our opportunities will be posted for up to 1 year from date of posting, or until we have selected candidate(s) to fulfill the opening, whichever comes first.

About CorVel: CorVel, a certified Great Place to Work Company, is a national provider of industry-leading risk management solutions for the workers’ compensation, auto, health and disability management industries. CorVel was founded in 1987 and has been publicly traded on the NASDAQ stock exchange since 1991. Our continual investment in human capital and technology enables us to deliver the most innovative and integrated solutions to our clients. We are a stable and growing company with a strong, supportive culture and plenty of career advancement opportunities. Over 4,000 people working across the United States embrace our core values of Accountability, Commitment, Excellence, Integrity and Teamwork (ACE-IT!).

A comprehensive benefits package is available for full-time regular employees and includes Medical (HDHP) w/Pharmacy, Dental, Vision, Long Term Disability, Health Savings Account, Flexible Spending Account Options, Life Insurance, Accident Insurance, Critical Illness Insurance, Pre-paid Legal Insurance, Parking and Transit FSA accounts, 401K, ROTH 401K, and paid time off.

CorVel is an Equal Opportunity Employer, drug-free workplace, and complies with ADA regulations as applicable.

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