AddressLarge Loss Claims Specialist - Construction
Los Angeles, CA, Atlanta, GA, Dallas, TX, Exton, PA, Chicago, IL, NYC, NY or Hartford, CT
At AXA XL, we deliver on our claims promise by having the best systems, the best people and the best partnerships in place. That's where our Construction Defect Claims team comes in. Construction Defect claims can be very complex. They require the right balance of knowledge and skills. In claims, experience matters. In construction claims, experience is essential.
As a Construction DefectLarge Loss Claims Specialist, you will be responsible for handling and resolving complex, highly specialized, and high exposure Primary and Excess Construction Defect claims, through investigation, evaluation and disposition. This may require you to oversee and monitor underlying aggregates and primary files to ensure proper reporting of potential exposures to XL policies. You will handle a mix of claims involving admitted and non-admitted policies. You will be making appropriate recommendations to management on coverage and settlement. You will be proactive about the management and collection, organization and analysis of information, assurance of reserve adequacy, mitigation of AXA XL's Risk/Loss Exposure, management of litigation, and formulation of effective disposition strategies on all reported losses.
You will be performing complex work under limited supervision. As such, we will expect you to exercise independent judgment and decision making in accordance with specified policies and guidelines. You should possess a high level of procedural and/or technical knowledge that has been developed through extensive experience.
DISCOVER your opportunity
What will your essential responsibilities include?
· Technical claims management.
· Evaluation of the applicable AXA XL coverage and the drafting of coverage position letters without the assistance of outside counsel.
· Effectuation of appropriate risk transfer.
· Ensuring timely and adequate reserving and proper disposition of high exposure, complex claims. Monitoring reserving activity to ensure compliance with corporate policy.
· Conducting loss investigations on all assigned claims and determining where recoveries can be made working to the agreed standard time and budget constraints.
· Technical Oversight of Third-Party Administrators
· Maintaining accountability for all assigned claims until settlement/closure is reached.
· Determining exposure, establishing adequate reserves and making timely adjustments as required.
· Maintaining an accurate written record of relevant activities relating to the claim and ensuring that claims procedural and documentation standards are maintained. Providing accurate and timely claims status updates to internal and external customers.
· Timely reporting and communicating appropriately with reinsurers.
· Liaising and relationship building with internal local and global AXA XL departments.
· Summarizing and updating Claims Manager on a regular basis providing reports and statistical reporting where required.
· Maintaining market awareness and working with Claims Manager to maximize personal development.
· Anticipating and meeting all internal and external customer needs.
· Coaching or training less experienced claim representatives.
· Adherence to and management of expense budget.
You will report to the Claims Manager - Construction North America.
SHARE your talent
We’re looking for someone who has these abilities and skills:
Required Skills and Abilities:
· Significant progression towards insurance or Industry-related qualification is preferred.
· Advanced experience handling Construction Defect claims.
· Highest standards of personal and professional conduct.
FIND your future
AXA XL, the P&C and specialty risk division of AXA, is known for solving complex risks. For mid-sized companies, multinationals and even some inspirational individuals we don’t just provide re/insurance, we reinvent it.
How? By combining a comprehensive and efficient capital platform, data-driven insights, leading technology, and the best talent in an agile and inclusive workspace, empowered to deliver top client service across all our lines of business − property, casualty, professional, financial lines and specialty.
With an innovative and flexible approach to risk solutions, we partner with those who move the world forward.
Learn more at axaxl.com
Inclusion & Diversity
AXA XL is committed to equal employment opportunity and will consider applicants regardless of gender, sexual orientation, age, ethnicity and origins, marital status, religion, disability, or any other protected characteristic.
At AXA XL, we know that an inclusive culture and a diverse workforce enable business growth and are critical to our success. That’s why we have made a strategic commitment to attract, develop, advance and retain the most diverse workforce possible, and create an inclusive culture where everyone can bring their full selves to work and can reach their highest potential. It’s about helping one another — and our business — to move forward and succeed.
- Five Business Resource Groups focused on gender, LGBTQ+, ethnicity and origins, disability and inclusion with 20 Chapters around the globe
- Robust support for Flexible Working Arrangements
- Enhanced family friendly leave benefits
- Named to the Diversity Best Practices Index
- Signatory to the UK Women in Finance Charter
Learn more at axaxl.com/about-us/inclusion-and-diversity. AXA XL is an Equal Opportunity Employer.
Sustainability
At AXA XL, Sustainability is integral to our business strategy. In an ever-changing world, AXA XL protects what matters most for our clients and communities. We know that sustainability is at the root of a more resilient future. Our 2023-26 Sustainability strategy, called “Roots of resilience,” focuses on protecting natural ecosystems, addressing climate change, and embedding sustainable practices across our operations.
Our Pillars:
- Valuing nature: How we impact nature affects how nature impacts us. Resilient ecosystems - the foundation of a sustainable planet and society – are essential to our future. We’re committed to protecting and restoring nature – from mangrove forests to the bees in our backyard – by increasing biodiversity awareness and inspiring clients and colleagues to put nature at the heart of their plans.
- Addressing climate change: The effects of a changing climate are far reaching and significant. Unpredictable weather, increasing temperatures, and rising sea levels cause both social inequalities and environmental disruption. We're building a net zero strategy, developing insurance products and services, and mobilizing to advance thought leadership and investment in societal-led solutions.
- Integrating ESG: All companies have a role to play in building a more resilient future. Incorporating ESG considerations into our internal processes and practices builds resilience from the roots of our business. We’re training our colleagues, engaging our external partners, and evolving our sustainability governance and reporting.
- AXA Hearts in Action: We have established volunteering and charitable giving programs to help colleagues support causes that matter most to them, known as AXA XL’s “Hearts in Action” programs. These include our Matching Gifts program, Volunteering Leave, and our annual volunteering day – the Global Day of Giving.
For more information, please see Sustainability at AXA XL.
The U.S. pay range for this position is $92,500 – $182,000. Actual pay will be determined based upon the individual’s skills, experience, and location. We strive for market alignment and internal equity with our colleagues’ pay.
At AXA XL, we know how important physical, mental, and financial health are to our employees, which is why we are proud to offer benefits such as a competitive retirement savings plan, health and wellness programs, and many other benefits. Wealsobelieve in fostering our colleagues' development and offer a wide range of learning opportunities for colleagues to hone their professional skills and to position themselves for the next step of their careers. For more details aboutAXA XL’s benefits offerings, please visit US-Benefits-at-a-Glance_2023_US.pdf (myaxaxlbenefits.com).
