Sr Claims Specialist

Company:
Munich Re America
Location:
Princeton, United States

We are adding to our diverse team of experts and are looking to hire those who are committed to building a culture that enables the creation of innovative solutions for our business units and clients. This position can be located in Princeton, Philadelphia, Atlanta, Chicago, New York City, or Hartford.

The Company:

Munich Re Specialty North America provides extensive, specialty property and casualty insurance solutions to customers through select brokers, Managing General Agents, program administrators, cover holders and insurtech partners. Products include: property, casualty, professional liability and other specialty insurance solutions. Our comprehensive, customized solutions are provided by A+ rated carriers and are tailored to clients’ needs.

Munich Re Specialty North America is a description for the insurance business operations of affiliated companies in the Munich Re Group that share a common directive to offer and deliver specialty property and casualty insurance products and services in North America.

The Opportunity:

Future focused and always one step ahead

The Claims Specialist is a critical role in our growing Public Entity team as part of the Core Claims team, and will be responsible for directing all aspects of file handling on internal and third-party administered claims in the Public Entity line of business. The Public Entity Claims Specialist will manage the claim investigation, analyze and determine coverage, evaluate the overall claim, and pursue risk transfer as warranted in a variety of public entity claims.

Responsibilities:

Thorough investigation in claims for coverage, trigger (liability, wrongful act, breach), damages, and subrogation/contribution opportunities.
In-depth understanding of coverage issues, policy forms, contracts, regulatory requirements, and changing legal landscape for casualty claims.
Proactive management of claims, considering all aspects with a strategic vision for optimal claim outcome.
Continual evaluation of claims to set appropriate, timely reserves over the life of the claim to reflect changes in exposure.
Strong technical claims proficiency through consistent execution of best claim practices.
Strategically coordinate and manage outside counsel and vendors to obtain optimal claim outcomes.
Present high exposure claims to Claims Leadership and Key Stakeholders.
Collaboration with internal and external business partners for client meetings, product development and improvement, and account audits.
Innovative mindset - looks for ways to improve claim efficiencies and outcomes.
Highly technical, analytical and critical thinking ability to properly determine coverage and liability.

Job Requirements:

7+ years’ experience of handling claims.
Experience in Public Entity or relevant lines of business.
In-depth understanding of coverage issues, policy forms, reinsurance contracts, regulatory requirements, and changing legal landscape for casualty claims.
Strong technical claims proficiency through consistent execution of best claim practices.
Highly collaborative and proactive with strong interpersonal skills.
Innovative mindset - looks for ways to improve property claim efficiencies and outcomes.
Excellent verbal and writing skills for internal and external communication, presentations and reporting.
Superior analytical thinking and negotiation skills.
Ability to travel for mediations, settlement conferences, and client or account meetings (25%).
Maintain valid adjusters’ license(s) in states assigned or an ability to obtain same.

Salary and Benefits:

The base salary range anticipated for this position is $110,500 - $162,000 plus opportunity for company bonus based upon a percentage of eligible pay. In addition, the company makes available a variety of benefits to employees, including health insurance coverage, an employee wellness program, life and disability insurance, 401k match, retirement savings plan, paid holidays and paid time off (PTO).

At Munich Re, we see Diversity, Equity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work.

We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Apply now!

#J-18808-Ljbffr

Munich Re America

New Jobs

Sr Claims Specialist