Transactional Risk Claims Specialist

Howden • New York, NY

12d

About The Position

DUAL North America is seeking a Transactional Risk Claims Specialist for the Claims team. The Transactional Risk Claims Specialist role will support the Head of Claims for Transactional Risk in the management of claims under Representations & Warranties Insurance (RWI) policies. Private equity and strategic buyers in M&A deals seek policies to protect them from risk on the target companies they acquire. This role encompasses assisting the Head of Claims with substantive claim handling, along with data entry and electronic file organization-type tasks to support the RWI practice. This position anticipates an approximate 65/35 split between substantive claim handling and electronic organization-type responsibilities, respectively, to start. This position is intended to provide the ability to grow within the role, including to assume greater responsibility over time.

Requirements

• Bachelor’s degree required and law degree preferred.
• Minimum of 2 years of experience in insurance claims handling.
• Familiarity with contract law and relevant legal principles related to insurance claims, particularly in the context of mergers and acquisitions.
• Demonstrated ability to develop and execute strategic plans, in both the context of individual claims and broader operational initiatives.
• Proficiency in Microsoft Office Suite (Word, Excel, Outlook, PowerPoint).
• Ability to manage multiple competing priorities.
• Ability to adapt to evolving regulatory and legal environments.
• Complete assigned tasks correctly, on time and able to learn quickly.
• Self-motivated and demonstrating attention to detail.
• Be able to work independently for extended periods.
• Excellent written and verbal communication skills as well as general business understanding.
• Must be able to remain in a stationary position 50% of the time, with occasional movement in the office (if applicable) to access cabinets and equipment.

Nice To Haves

• Prior experience with RWI policies is strongly desirable.

Responsibilities

• Assist the Head of Claims for Transactional Risk in the end-to-end claims management process for RWI claims, from claim notice to conclusion.
• Assist with entering claim data into operational systems.
• Assist with quality control and performance management, to ensure high-quality claim handling.
• Collaborate with a variety of constituents including underwriters, carrier partners, and advisors, to address complex claim issues and foster strong relationships with carrier partners and brokers.
• Assist with the development and implementation of strategic initiatives to optimize claims processes and enhance operational efficiency by leveraging data analytics, industry trends, and best practices.
• Enforce compliance standards and uphold regulatory requirements, internal controls, and service level agreements with carrier partners.
• Perform other duties as assigned.

Benefits

• Yes, we offer all the usual rewards and benefits - including medical, dental, vision, a wide variety of wellbeing offers, competitive salary, unlimited PTO, 401k with company match, paid volunteer days and more.
• What you might not expect is a job where everyone has a voice, where volunteering in the community is part of the day job, and where everyone is encouraged to play a part towards our sustainability goals.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level