Sydney, New South Wales
26 days ago
Senior Financial Lines Claims Specialist

Chubb celebrates diversity by fostering an inclusive, flexible and equitable workplace. We support applications from all members of our community and equitable access to our employment opportunities. We are open to discussing workplace flexibility in all our vacancies, to ensure we can attract the best candidates and accommodate individual needs, differences, disabilities and working arrangements. Please let us know if you require any adjustments to the recruitment process so we can support you to present your best self.

Chubb is a world leader in insurance. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London, Paris and other locations, and employs approximately 40,000 people worldwide. Additional information can be found at: www.chubb.com

Your Role

The primary purpose of this role is to produce high quality work product in the handling of technical, complex and/or high profile claims, through effective investigation, reserving and adjustment of claims within your client base. 

Your Responsibilities:

Manage a portfolio of high value or technically complex claims.  Handle broker or insured sensitive claims where required. Coach and mentor Claims Examiners and Claims Specialists in your technical field. Analyse first report to determine nature of loss, coverage provided and scope of loss/ damage. Conduct investigations of all aspects of reported claims. Secure and/or file all supporting documentation and verify same for accuracy, relationship and completeness. Establish accurate and timely reserves. Seek technical assistance in handling claims exceeding delegated authority. Maintain an active diary. Monitor same to achieve timely development of the file and timely disposition of the claim. Promptly and properly document all developments on electronic claim file. Exercise good judgement in reaching final disposition of claim by evaluating nature of loss, liability, damage, coverage provided and applicable limits. Effectively negotiate compromise settlements where appropriate. Effectively communicate with the following: Claims Department, Claims Operations, Customer Services, Underwriting Departments, brokers insureds, counsel/ legal representatives. Recognise and pursue recovery opportunities where applicable. Adhere to Insurance Contracts Act and all other relevant statutory rules and regulations. Effectively control the use, work product and expense of outside vendors. Effectively present cases to key internal stakeholders. Any other duties as required by the Financial Lines & Casualty Claims Management team. Accountable for taking all practical measures to insure that the workplace is safe and without risk to health.
 
  Tertiary qualified, law degree.Investigation techniques.Written and verbal communication related to claims handling.Insurance contracts and Chubb coverages.Legal requirements and regulations.Damage and/or loss evaluation.Negotiations skills.Industry trends.Litigation procedures.Reserving skills.Chubb claim philosophy. 

Chubb is committed to equal employment and celebrates individual differences by creating a workplace environment in which everyone feels welcomed, respected and valued. We offer you the opportunity to work as part of a dynamic and agile environment where continuous development is encouraged throughout your career, both locally and globally. Some additional benefits offered include a flexible working approach via our “My One Thing” initiative, education assistance, dress for your day every Friday, promotion of health and wellbeing (including discounted health insurance, daily breakfast and fresh fruit), and the option to enrol into the Chubb Limited discounted stock purchasing scheme.

Confirm your E-mail: Send Email