Financial Products Claims Representative
| Company | American Financial Group |
|---|---|
| Location | Cincinnati, OH, USA |
| Salary | $Not Provided – $Not Provided |
| Type | Full-Time |
| Degrees | Bachelor’s |
| Experience Level | Entry Level/New Grad, Junior, Mid Level |
Requirements
- Bachelor’s Degree or equivalent experience. (JD or paralegal experience a plus)
- Business, Liberal Arts, Finance or a related discipline
- Generally, 6 months to 3 years of related experience
- Works within specific limits and authority on assignments of moderate technical complexity
- Possesses functional knowledge and skills that are reflective of a fully competent practitioner
- Performs work under moderate supervision
Responsibilities
- Investigates, evaluates and adjusts small to mid-sized commercial surety bond claims.
- Reviews and evaluates coverage and/or liability.
- Secures necessary information (i.e., reports, bonds, credit limits, policies, appraisals, releases, statements, or other documents) to assist in the investigation of claims.
- Retains and directs approved consultants and outside counsel. Responsible for maintaining cost controls and overseeing the work of outside counsel.
- Determines available avenues of recovery and their cost-effectiveness; coordinates approved recovery effort.
- Establishes and maintains proper loss, salvage, and subrogation reserves.
- Prepares periodic claims reports and financial evaluations.
- Affects settlements/reserves within prescribed limits and submits recommendations to supervisor on cases exceeding personal authority.
- 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.
- Performs other duties as assigned.
Preferred Qualifications
- JD or paralegal experience a plus