Let’s care for tomorrow.Your ambitions. Your dreams. Your tomorrowAt Allianz Commercial (AzC), we are the global leader for insuring corporate and specialty risks in the Allianz Group. Whether it’s aircraft, satellites, the world’s biggest ships and tallest building, cyber-attacks or climate change impacts, AzC has the major risks covered when it comes to protecting businesses.We are currently looking for a Claims Team Leader – Subrogation / Salvage which will be based in O’Fallon, MO. The Impact You Will HaveThe Claims Team Leader – Subrogation / Salvage will primarily:Lead and manage a Subro/Salvage Team that handles all Subrogation and Salvage activities.Ensure subrogation claims are handled within authority limits and in line with AGCS Claims Standard procedures and guidelines. Ensure Salvage of property maximizes the net return to AGCS.Monitor financial results of both the salvage and subrogation employees to ensure positive return for AGCS.Utilize third party service providers to achieve economical results and to provide a high-quality service to all internal and external customers. Develop and maintain strong relationships with brokers and clients. Some of your specific responsibilities could include:Manage team of Subrogation and Salvage adjustersLead and manage a subrogation and salvage team focusing on results.Manage cost center budget within plan.Training, facilitate mentoring of less experienced staff.Managing technical referrals and delegating work as appropriate.Investigation and Reserving of Claims Overseeing the investigation of high exposure domestic and international subrogation and salvage claims.Determine department policies, procedures, and authority levels determine adjusters are selecting and monitor direct independent external service providers. For ex; Subrogation counsel, experts and Salvors.Review Settlements by Claims employees. Review and support appropriate settlements on high exposure, complex Subrogation and Salvage claims, ensuring cost effective service oriented solutions.Review salvage bids for high exposure, complex claims. Ensure staff is taking into account cost/ benefit and maximizing the gross and net. Referrals and Compliance OversightEnsure all claims handled within authority limits, and in line with AGCS Claims Standard procedures and guidelines.Support establishment of claims management procedures specific to salvage guidelines on new business accounts in association with clients, brokers and loss adjusters.Undertake audits of external service providers as appropriate.Market Management & Relationship ManagementProactively support acquisition of new business and retention of existing business (including client and broker negotiations where necessary.Proactively liaise with MMC on market management initiatives; positively represent AGCS externally to the market; proactively drive involvement of functional areas in Claims handling process, e.g. Underwriting, MMC, ARC, Operations; and develop and maintain strong relationships with key brokers and clients and other relevant stakeholders (e.g. third party adjusters). What You’ll Bring to the RoleManaging people: Ability to lead and manage a team of claim handlers. Includes the ability to delegate tasks, steer team direction/goals, etc.Knowledge of subrogation and salvage process. Understanding of applicable concepts and terminology that exist across LoB's.Claim Handling: Solid knowledge of claim handling process from notification to settlement and recovery.Minimum of 3-5 years of specialized understanding of LoB products and portfolio with technical specialist knowledge.Minimum of 3-5 years of specialized understanding of regional/local LoB insurance markets and competitor landscapeMinimum of 3-5 years of recognized relationship building with brokers at peer group level and well established within local market.Minimum of 3-5 years of good understanding of legal and regulatory frameworkProducts and Coverages: understanding in relevant products, wordings, terms and conditions and coverages.Bachelor’s Degree preferred. Minimum of 1-3 years of experience in working in global complex, matrix organization leading a team of professionals.General understanding of contracts and their applicability.Communication skills: Clearly and effectively express ideas and messages via speech or writing. Negotiation and conflict management: Ability to negotiate best position for Allianz Commercial, and client, often in contentious situations, managing conflicting priorities of various parties.Analytical Skills: Ability to effectively absorb information from various sources, then analyze, study or examine data in detail, and draw appropriate conclusions. The annualized base pay range for this role is $92,591 - $158,727. The annual base salary range represents a nationwide market range. The actual salary for this position may be above and will be determined by a number of factors, including the scope, complexity and location of the role, the skills, education, training, credentials and experience of the candidate. The base pay is just one component of the AzC total compensation package. As part of our comprehensive compensation and highly rated benefits programs, employees are also eligible for annual performance-based cash incentive awards. 47372 | Customer Services & Claims | Management | Non-Executive | Allianz Commercial | Full-Time | Permanent What’s in it for you? Let’s care about everything that makes you, youWe are committed to nurturing an inclusive environment where everyone feels they belong. We offer a hybrid working model, which recognizes the value of striking a balance between in-person collaboration and remote working. Please feel free to discuss flexible working arrangements with us. Let’s care for your financial wellbeingWe believe in rewarding performance with a great compensation and benefits package (details vary by location), including a generous bonus scheme and 401K. Let’s care for your opportunities to progressFrom career development and digital learning programs to international career mobility, we offer lifelong learning for our employees worldwide and an environment where innovation, delivery and empowerment are fostered. Let’s care for life’s twists and turnsFrom our support for flexible working, health and wellbeing (including private healthcare and generous parental leave benefits), to helping people return from career breaks with experience that nothing else can teach. We’ve got your back. Let’s care for our society and our planetWith opportunities to be engaged in shaping a future that is safe, inclusive and sustainable, we care for the tomorrows of our people, our industry and our clients. Care to join us? Allianz Commercial (AzC) is a global corporate insurance carrier and part of Allianz Group. We provide risk consultancy, Property-Casualty insurance solutions and alternative risk transfer for a wide spectrum of commercial, corporate and specialty risks across 10 dedicated lines of business. Learn more about us by clicking here. Allianz is an equal opportunity employer, and therefore welcomes applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability, sexual orientation or any other protected characteristic. Diversity of thinking is an important part of our company culture. Recruitment Agencies: AzC has an in-house recruitment team, which focuses on sourcing great candidates directly. AzC does not accept unsolicited resumes from agency or search firm recruiters. Fees will not be paid in the event a candidate submitted by a recruiter without an agreement in place is hired. When we do use agencies, we have a PSL in place, so please do not contact managers directly.