Claims Specialist II - Management Specialty Lines

Nationwide • New York, NY

6d • $69,500 - $129,000

About The Position

The Claims Specialist II supports management liability and specialty lines, including errors and omissions, directors and officers, and employment practices liability. The role investigates, evaluates, negotiates, and resolves litigated and non-litigated claims of low to moderate complexity and severity. The specialist works with low monetary authority under limited direct supervision and monitoring, and collaborates with business partners on claims and policy wording questions while developing relationships with customers and business partners.

Requirements

• Typically, two to four years of claims handling experience.
• Prior experience directing defense counsel.
• Acquire required federal and/or state licenses or registrations within the business unit’s designated time period; additional licenses or registrations may be required as products and services are implemented.
• Ability to evaluate and interpret information.
• Strong written and verbal communication skills.
• Ability to multitask and strong time-management and organizational skills.
• Ability to effectively and efficiently manage all responsibilities.

Nice To Haves

• College degree preferred.
• Juris Doctorate desired.
• Familiarity with various types of insurance policies preferred.
• Specific experience in a particular line of business may be required by the hiring business unit.

Responsibilities

• Investigate and evaluate coverage, liability, and damages to establish claim strategies, settlements, and file reserves within approved claims authority.
• Evaluate claims in a timely and appropriate manner and manage reserves in compliance with company standards.
• Analyze coverage and provide comprehensive coverage analysis and claim resolution strategies.
• Provide feedback on claim trends and development and input to underwriters regarding potential and existing insureds’ claim experience.
• Deliver effective customer service through interactions with insureds, agents, and legal counsel.
• Maintain current knowledge of applicable insurance lines, regulations, court decisions, guidelines, and policy changes or modifications, including through seminars and training.
• Contribute to a collaborative environment by demonstrating teamwork, motivation, positive behavior, and effort toward goals and objectives.
• Perform other responsibilities as assigned.

Benefits

• Medical, dental, and vision coverage
• Life insurance
• Short- and long-term disability coverage
• Paid time off, with newly hired associates receiving a minimum of 18 days per full calendar year, prorated quarterly based on hire date
• Nine paid holidays
• Eight hours of Lifetime paid time off
• Eight hours of Unity Day paid time off
• 401(k) with company match
• Company-paid pension plan
• Business casual attire

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed