Claims Adjuster

Factory Mutual Insurance Company•Park Ridge, IL

2d•Onsite

About The Position

FM is a leading property insurer of the world's largest businesses, providing more than one-third of FORTUNE 1000-size companies with engineering-based risk management and property insurance solutions. FM helps clients maintain continuity in their business operations by drawing upon state-of-the-art loss-prevention engineering and research; risk management skills and support services; tailored risk transfer capabilities; and superior financial strength. To do so, we rely on a dynamic, culturally diverse group of employees, working in more than 100 countries, in a variety of challenging roles. FM has an immediate opening for a claims adjuster, preferably with a commercial property claims and/or engineering background to work in the Chicago Operations Claims office in Park Ridge IL. The Claims Adjuster works alone or with a team in assisting in determining the extent of coverage afforded under the clients’ insurance policies while providing direction and assistance to the client with loss mitigation, salvage, restoration of production, claims preparation and subrogation. In addition, the incumbent retains, manages, and controls internal and external consultants, as needed such as Cause & Origin investigators, Building and Machinery Appraisers, Forensic Accountants to aid in the measurement of the losses.

Requirements

Bachelor’s degree in Engineering or other applicable discipline, or equivalent experience.
2 or more years of commercial property claims experience.
An understanding of claims processes and procedures
Interpersonal skills including negotiating and consulting
Excellent written and oral communication skills.
Must be organized and possess ability to make quick and sound recommendations.

Responsibilities

Depending on the experience level, the incumbent is assigned Property Damage and Business Interruption losses, of varying degrees of size and complexity generally in excess of $500,000 and often in excess of $1,000,000 within the Operations geographical area of coverage, or as otherwise directed by the Operations Claims Manager.
An engineering degree (or equivalent experience) is required due to the technical nature of our losses. Project management and technical assessment of critical path is often needed on losses. Jurisdictional licensing may be necessary in some cases. Formalized training, including classroom, office and field-based will be provided.
The position is primarily office based with required field work. The candidate must be willing to travel, sometimes with short notice, and work out of town as needed in order to effectively manage assigned losses. Approximately 10% travel can be expected.