Claims Specialist I – Property
| Company | Everest |
|---|---|
| Location | Boston, MA, USA, Houston, TX, USA, Philadelphia, PA, USA, Chicago, IL, USA, Middlesex, NJ, USA, Hartford, CT, USA, Atlanta, GA, USA |
| Salary | $Not Provided – $Not Provided |
| Type | Full-Time |
| Degrees | Bachelor’s |
| Experience Level | Mid Level |
Requirements
- 3+ years of Commercial Property claims experience
- Current, working knowledge of jurisdictional laws and regulations
- Bachelor’s degree or equivalent work experience required
- Currently holds or readily can obtain all required adjuster licenses
Responsibilities
- Experience handling Commercial Property and/or Builders Risk Claims
- Strong knowledge of Property Forms and Endorsements
- Ability to manage Independent Adjusters
- Ability to review and analyze property damage estimates
- Review and analyze coverage and prepare appropriate coverage position letters
- Investigation, analysis, and evaluation of assigned claims to determine exposure
- Management and direction of outside counsel as well as reviewing and approving legal and/or expense budgets and bills
- Preparation of case summary reports related to matters of significant reserve activity
- Timely and appropriate setting of claim reserves
- Development and execution of claim strategies as well as resolution strategies
- Negotiation and resolution of claims
- Determine and resolve workload and assignment issues to ensure effective claims processing, expense management and claims disposition
- Attend trials and mediations
- Vendor oversight and management, including auditing of same
- Identify issues and trends in the portfolio; take appropriate and/or corrective action where necessary; communicate trends to underwriters, insureds, and brokers
- Extensive communication with insureds, brokers, reinsurers, actuaries, and business unit contacts
- Attend client meetings and industry functions to support retention and development of client relationships and business
Preferred Qualifications
- Insurance industry designation(s)/certification(s) preferred
- Strong oral and written communication skills
- Strong analytical and organizational skills
- Strong negotiation and investigation skills
- Excellent interpersonal skills
- Ability to evaluate coverage issues involving a wide variety of loss scenarios
- Ability to think strategically
- Knowledge of the insurance industry, claims and the insurance legal and regulatory environment
- Knowledge of claims handling or insurance legal statutes and procedures
- Ability to identify and use relevant data and metrics to best manage claims
- Collaborative mind-set and willingness to work with people outside immediate reporting hierarchy to improve processes and generate optimal departmental efficiency
- Ability to and willingness to present to senior management and other group settings
- Ability to influence others and resolve complex, disputed claims
- Some travel required