Senior Claims Specialist - Construction Defect

Berkley•Atlanta, GA

About The Position

Vela Insurance Services provides specialized Excess and Surplus Lines Casualty and Professional Liability insurance solutions in the following market segments: Construction, Specialty Casualty, & Professional Liability. We offer national service and local knowledge to our exclusive wholesale broker network and the businesses they serve. In this role, the Construction Defect claims professional investigates, evaluates, negotiates, and resolves litigated and non-litigated claims of high exposure and complexity with significant experience/ Focus on specialized claims in the area of construction defect with complex coverage and litigated claims. The Senior Claims Specialist role can be located in our Atlanta, GA or Scottsdale, AZ offices, or surrounding locations. This individual must be capable of working under limited supervision and working with a remote manager.

Requirements

Four (4) year College Degree, or commensurate experience and training
Eight (8) or more years claims handling experience or equivalent experience .
Strong writing and analytical skills
In-depth knowledge of the insurance industry, including legal and regulatory environments.
A strong functional and developing knowledge of substantive laws and legal procedures, particularly in the Construction Defect space.
Applicable adjusters license(s) to include: CA, CT, DE, FL, KY, LA, NH, NM, NC, OK, RI, SC, TX, VT, WV, WY

Nice To Haves

AIC, SCLA, CRIS or other similar industry designations preferred

Responsibilities

Analyze coverage, identify coverage issues, and prepare coverage letters for supervisor approval
Investigate and evaluate liability
Investigate and evaluate damages
Manage litigation by assigning counsel from the approved panel where applicable, establish litigation plan and budget, coordinate with defense counsel, and continuously review the potential for resolution.
Establish timely reserves within authority and re-evaluate throughout the life of the claim
Maintain up-to-date, appropriate file documentation and written file notes
Maintain an active diary and productive file inventory
Timely completion of all required large loss reporting
Negotiate settlements within authority limit granted, and attend mediations, Mandatory Settlement Conferences, and/or Alternative Dispute Resolutions
Proactively control the work product and expense of outside vendors
Develop and maintain positive customer relationships and provide superior customer service
Timely identify all potential opportunities for co-insurance, transfer of risk and/or subrogation
Ability to Work with designated assigned accounts
Recognize and investigate fraud
Comply with deductible/self-insured retention recovery protocol
Meet and maintain all State licensing requirements at all times (see qualifications below)
Adhere to all statutory regulations, Unfair Claims Practices acts, and corporate Best Practices
All other duties as assigned