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BI
BITCO INSURANCE COMPANIES
Senior Claims Specialist
Career Insights for Claims Adjuster / Specialist (General)
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Scorecard
Based on California data
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What they do
A Claims Adjuster or Specialist investigates and evaluates insurance claims. Specializes in a particular type of insurance. Inspects property damage, including damage to homes, buildings and cars; reviews claims after they are submitted; may authorize or deny payment for claims. May work directly for insurers or on behalf of claimants.
$82,709 / year median in California
+7% projected growth
Job Description
Senior Claims Specialist
BITCO INSURANCE COMPANIES
- 3.1 Pasadena, CA Job Details $70,000
- $120,000 a year 1 hour ago Benefits Profit sharing Paid holidays Disability insurance Health insurance Dental insurance 401(k) Paid time off Vision insurance Life insurance Pet insurance Qualifications Customer service Civil litigations Regulatory compliance in claims processing Claims negotiation Insurance regulation Insurance claims litigation Insurance claims reserve management Managing litigation projects Litigation response management Full Job Description Old Republic Bitco Corporation is seeking a Sr.
Position Summary:
This role manages California Workers' Compensation claims overseeing the full claim lifecycle from initial coverage and compensability determinations through investigation, reserving, evaluation, and resolution. The position ensures timely and effective claim handling in compliance with company standards and regulatory requirements, while delivering a high level of service to internal and external business partners. The role also offers opportunities to broaden expertise by gaining exposure to additional lines of coverage.Primary Responsibilities:
Review and evaluate claim reserves to ensure that the respective reserve properly reflects the potential exposure Investigate claims, which may include meeting with Insureds and witnesses, and obtaining statements, records, and other evidentiary materials Provide proper documentation and reporting of investigation and claims handling activities Negotiates, including through mediation, arbitration, or other court-supervised settlement efforts, settles, and resolves claims with claimants, and their lawyers; provides appropriate claims resolution documents Maintain a working knowledge of regulatory and jurisdictional requirements Provides direction to and management of defense counsel, independent adjusters and other third parties retained to assist in a particular claim Other duties as assignedQualifications:
Minimum of 5 years of experience with the following: Claims Investigation- Statements, authorizations, retention of qualified experts and counsel Claims Administration
- Reports, review and set accurate and timely reserves, compliance knowledge of laws and procedures, including lost time, serious injury, and litigated claims Litigation management
- work with defense counsel and experts to resolve litigated claims Knowledge of coverage, reserving principles, investigation and negotiation techniques Certified Experienced CA Workers Compensation cert, CA Self-Insured cert.
Salary Range :
$70,000.00- 120,000.