Senior Claim Consultant -Trade Credit (Hybrid)

Intact Specialty Solutions•New York, NY

1d•Hybrid

About The Position

At Intact Insurance Specialty Solutions, we are experts at protecting what makes businesses unique. Our deep understanding of the specialty insurance market is the foundation for our customized solutions, backed by targeted risk control and claims services. Our employees are passionate about providing insurance coverage that’s aligned to our targeted customer groups. Intact’s Global Specialty Lines business spans across more than 20 verticals in four distinct markets: U.S., Canada, UK and Europe. The following opportunity is for our U.S. team. The Senior Claims Consultant is responsible for handling and resolving complex, highly specialized claims through investigation, evaluation and disposition. They independently operate within very broad company guidelines and very high authority levels in the settlement of claims. This position makes appropriate recommendations to management on coverage and settlement of claims. They will review and process highly complex large loss claims or specialized claims that generally settle over $200,000 often involving litigation. This role will support the Trade Credit underwriting teams on policy language and drafting endorsements for bank and syndicated policies. In addition, this role provides counsel to the Trade Credit team through communication and education about specific claims.

Requirements

Bachelor’s degree required
JD strongly desired
5-10 years of progressively more complex, specialized claims handling experience.
Experience working on complex Trade Credit Institution Claims

Responsibilities

Makes timely and appropriate contacts and completes appropriate level of investigation to make determination of coverage, liability and damages for very complex and specialized claims.
Determines coverage, drafts coverage correspondence, responds to coverage questions raised by insureds and others.
Determines exposure, establishes adequate reserves and makes timely adjustments as required.
Selects, assigns and directs activities of internal and external resources as required; including independent adjusters, appraisers and attorneys.
Identifies questionable claims and consults with SIU for further direction as appropriate.
Determines settlement value of the loss and negotiates proper settlement of claims within authority.
Provides recommendations for settlement and disposition of claims exceeding authority level.
Monitor bankruptcy filings and proof of loss process.
Responsible for all collection, subrogation and recovery actions associated with claims file.
Documents clearly and concisely all relevant activity on assigned files and makes recommendations for additional activity as appropriate.
Communicates as needed with brokers and underwriting business partners regarding claims trends and legal climate.
Provides expertise and insight as requested relative to needed coverage changes or enhancements.
Maintains a strong professional knowledge of regulatory and legal environments and applies this information effectively.
Stays abreast of state license requirements and participates in continuing education as required.
Will coach or train less experienced claim representatives.
Develops and leads technical training and provides guidance to other departments within the organization, as needed.