Property Adjuster

Property Adjuster

Requirements

• Knowledge of property insurance; commercial property claims; coverage evaluation; claims investigation, loss assessment, evaluation and reserves; financial analyses; insurance regulations.
• Negotiation and settlement of moderate to high complexity claims.
• Other skills required include a focus on customers; decision making; results oriented; spoken communication; and adaptability.
• An ability to build relationships, listen (i.e., comprehend nuances and acknowledge others’ viewpoints), mentoring and training less experienced team members, write business correspondence, produce accurate work, manage projects and vendors.
• Use core applications/spreadsheets.
• As normally acquired through a bachelor’s degree or equivalent; successful completion of required internal training programs and AIC (Associate in Claims) modules 33 and 35.

Responsibilities

• Conducts a prompt, thorough and fair investigation by obtaining relevant facts to determine coverage, origin, and extent of loss. Reviews and utilizes financial statements to adjust moderately sized business interruption losses.
• Conduct on-site appraisal or direct independent adjuster to determine facts relevant causation, damages and exposure.
• Engages and manages consultants and independent adjusters as required. Monitors the costs to ensure they are reasonable and necessary.
• Establishes and maintains accurate loss cost estimates and reserves for each claim for reporting, financial records, and other purposes.
• Keeps the Insured and others informed about the claim’s status with clear, timely and accurate written/oral communications. Effectively communicates in writing on moderately complex coverage issues with minimal review and coaching. Determines depreciation of claim.
• Affirms or denies coverage of the claim based on the facts and the policy terms and conditions. Develops information necessary to make advance, partial and final payments when appropriate.
• Meet time requirements of the policy and fair claims handling practices.
• Effectively negotiate settlement of claims of varying complexity and perils. Achieves a prompt, fair and equitable settlement of a claim, where there is policy liability.
• Keeps the electronic claim file properly documented with accurate, clear and timely information and reports that reflect the adjustment activities and substantiate any payments made.
• May participate in quality assurance file review sessions and serve as a technical resource for less experienced claims personnel.
• Will be called upon for catastrophe duty.

Preferred Qualifications

• Prefer designations such as AIC, SCLA, CPCU, etc, and at least 2-3 year of progressively responsible experience.
• Ability and willingness to travel to the site of catastrophe for assignments that may last several weeks.