Senior Claims Analyst

Company Description

Fortune Brands Innovations Inc. is an industry-leading innovation company focused on creating smarter safer and more beautiful homes and improving lives. Our driving purpose is that we elevate every life by transforming spaces into havens. We believe our work and our brands can have incredibly positive impacts for not just our business and shareholders but for people and the planet too.

Fortune Brands is a brand innovation and channel leader focused on exciting supercharged categories in the home products security and commercial building markets. Our portfolio of brands includes Moen House of Rohl Aqualisa SpringWell Therma-Tru Larson Fiberon Master Lock SentrySafe and Yale residential.

Fortune Brands is headquartered in Deerfield Illinois and trades on the NYSE as FBIN.

Work Environment & Location

• Hybrid Work Model In-office collaboration Tuesday Thursday
• Location: North Olmsted Ohio

Job Description

The Senior Claims Analyst manages processes negotiates and settles product liability injury claims and litigation for FBIN products globally with the support of third party administrators third party experts and legal counsel. This position serves as the primary liaison between internal teams including risk management quality engineering legal finance customer care sales and external groups including insurers attorneys claimants distributors builders and installers.

Responsibilities

• Independently manage assigned claims throughout the claim lifecycle
• Analyze manage and process high value and high risk product liability injury claims and litigation
• Investigate and gather information to determine exposure from claim
• Develop strategies to manage claims to an appropriate and timely resolution
• Recommend settlement strategies
• Evaluate claims for validity and proper valuation
• Regularly communicate with external stakeholders including insurers attorneys sales reps builders plumbers retailers wholesalers and consumers
• Coordinate with others including third party adjusters third party experts local counsel and platform engineers to vet liability risks and costs
• Collaborate with technical experts to execute product testing
• Acquire third party experts and other external resources as needed to support claims investigation
• Validate cause of claim against known or unknown defects and review findings with FBIN technical experts
• Open Corrective and Preventive Action (CAPA) requests as necessary and provide supporting data
• Compile claim information into executive summaries to facilitate technical review and approval
• Partner with the third party administrator and FBIN legal team for claims awareness review litigation and recommended action or settlement agreements
• Negotiate claim settlements up to designated authority level
• Close and process claims in a timely fashion
• Support team and cross functional projects and continuous improvement efforts
• Provide training to internal stakeholders including the contact center sales etc.
• Pull and analyze reports to track claim trends to mitigate future risk
• Travel to support claims-related activities as necessary

Qualifications

• Bachelors Degree
• 7 years of experience in claims management or legal
• Excellent written and verbal communication skills for interacting with all levels of staff customers suppliers and operations
• Proficient in processing and communication tools: SAP RMIS Microsoft Word Excel Outlook PowerPoint SharePoint Teams and internet navigation
• Experience with Connected or Smart products a plus
• Ability to manage multiple tasks and priorities in fast paced changing environment
• Ability to travel up to 10%
  

Salary Range

• A reasonable estimate of the base salary range for this role is $40000 USD - $60500 USD.

Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or assume sponsorship of an employment Visa at this time.

ADDITIONAL INFORMATION

Fortune Brands believes in fair and equitable pay. A reasonable estimate of the base salary range for this role is $40000 USD - $60500 USD. Please note that actual salaries may vary within the range or be above or below the range based on factors including but not limited to education training experience professional achievement business need and location. In addition to base salary employees will participate in either an annual bonus plan based on company and individual performance or a role-based sales incentive plan.

At Fortune Brands Innovations we support the overall health and wellness of our associates by offering comprehensive competitive benefits that prioritize all aspects of wellbeing and provide flexibility for our teammates unique needs. This includes robust health plans a market-leading 401(k) program with a company contribution product discounts flexible time off benefits (including half-day summer Fridays per policy) inclusive fertility / adoption benefits and more. We offer numerous ERGs (Employee Resource Groups) to support inclusivity and our associates feeling of belonging at work.

Fortune Brands Innovation (FBIN) is built on industry-leading brands and innovation within our operating segments: water outdoors and security. We have an impressive track record of strong financial results market outperformance and growth which translates into career and professional growth opportunities for associates. Please visit our website at to learn more.

FBIN is committed to working with and providing reasonable accommodations to individuals with disabilities. If because of a medical condition or disability you need a reasonable accommodation for any part of the application or interview process please contact us at and let us know the nature of your request along with your contact information.

This job has been posted by IGNYTE AI on behalf of Fortune Brands Innovations. IGNYTE AI is committed to the fundamental principle of equal opportunity and equal treatment for every prospective and current employee. It is the policy of IGNYTE AI not to discriminate based on race color national or ethnic origin ancestry age religion creed disability sex and gender sexual orientation gender identity and/or expression military or veteran status or any other characteristic protected under applicable federal state or local law.