Claims Specialist, Financial Lines and Casualty

Swiss Re - Schweizerische Rückversicherungs-Gesellschaft; Chicago (IL); Hybrid; USD 84,000 - 150,000; Full time

Job summary

Join a dynamic team as a Claims Specialist, where you will independently handle Financial Lines and Casualty claims. This role offers the chance to work in a collaborative environment, providing exceptional service to clients while managing complex claims. With a strong emphasis on career development, you will engage with various teams to enhance underwriting processes and improve risk assessments. This innovative firm values inclusivity and offers a flexible work model, allowing you to thrive in your career while contributing to meaningful solutions in the insurance industry.

Qualifications

• Experience in handling Financial Lines or Casualty claims is desirable.
• Ability to learn Financial Lines Claims products beyond D&O.

Responsibilities

• Manage a portfolio of D&O liability and Casualty claims.
• Ensure compliance with legal and regulatory requirements.
• Collaborate with underwriting and products teams.

Skills

Verbal Communication

Written Communication

Analytical Skills

Negotiation Skills

Interpersonal Skills

Influencing Skills

Education

University Degree or Equivalent

Law Degree

Job description

Claims Specialist, Financial Lines and Casualty

Locations: Kansas City, MO, US | Chicago, IL, US

Are you experienced in the handling of Financial Lines and/or Casualty claims? If not, are you willing to learn? Interested in career development and motivated by working in a highly collaborative environment handling complex claims while providing high-level client experience? If this resonates with you, this opportunity to join our dynamic FinPro and Casualty Claims team with the backing of Swiss Re's strong industry reputation may be for you!

About the Role

This claims specialist role independently handles financial lines claims, including directors and officers (D&O) liability claims, cyber claims, and casualty claims while also working closely with the underwriting and products teams. This role must also be able to provide exceptional service to external clients and internal stakeholders.

Key responsibilities include:

• Actively managing a portfolio of D&O liability claims (including employment practices claims), with responsibility for end-to-end adjudication processes
• Actively manage a portfolio of Casualty claims
• Completing detailed reviews of claims-related issues, including coverage, liability and damages, and documenting the claim files appropriately.
• Oversight of defense counsel, experts, and consultants while adhering to company guidelines and budgets.
• Compliance with all legal and regulatory requirements, including licensing requirements.
• Maintaining a close working partnership with customers and brokers to achieve the most advantageous claim resolution.
• Review, support and assist in developing policy wordings and tailored solutions for clients
• Liaise with Actuarial, Finance and Risk Management colleagues to share information in the management of claims, clients, and risks.

About the Team

Our Team works closely together while located across our Kansas City, Chicago, and New York offices. We add significant value to the company through our support of underwriting teams with policy and portfolio reviews and drafting initiatives, share lessons learned and observed claims/coverage trends to improve risk assessment and the underwriting process. Our team also collaborates with various functions and teams in the acquisition of new business opportunities. We proudly promote the company's technical claims expertise and profile in the marketplace!

Our work model is working in the office together 3 days a week with flexibility to work from home the remaining two days.

About You

Our team is seeking someone with excellent verbal and written communication skills who also possesses strong interpersonal, analytical, negotiation, and influencing abilities.

• University degree or equivalent is required
• A law degree is not required, but is a plus
• Some experience handling Financial Lines or Professional Lines claims (including D&O, Employment, Fiduciary, Transactional Liability, E&O) and/or Casualty claims is desirable
• Holds, or willing to acquire, adjuster licenses as needed for various jurisdictions
• Ability and willingness to learn Financial Lines Claims products beyond D&O (e.g., Cyber, Transactional Risk and Fiduciary)

Travel required 5-10%

The estimated base salary range for this position is $84,000 to $150,000. The specific salary offered for this or any given role will take into account a number of factors including but not limited to job location, scope of role, qualifications, complexity/specialization/scarcity of talent, experience, education, and employer budget. At Swiss Re, we take a "total compensation approach" when making compensation decisions. This means that we consider all components of compensation in their totality (such as base pay, short-and long-term incentives, and benefits offered), in setting individual compensation.

About Swiss Re

Swiss Re is one of the world’s leading providers of reinsurance, insurance, and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 14,000 employees across the world.

Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work and their passion for sustainability.

If you are an experienced professional returning to the workforce after a career break, we encourage you to apply for open positions that match your skills and experience.

Swiss Re is an equal opportunity employer. It is our practice to recruit, hire and promote without regard to race, religion, color, national origin, sex, disability, age, pregnancy, sexual orientations, marital status, military status, or any other characteristic protected by law. Decisions on employment are solely based on an individual's qualifications for the position being filled.

During the recruitment process, reasonable accommodations for disabilities are available upon request. If contacted for an interview, please inform the Recruiter/HR Professional of the accommodation needed.

Start your career journey with Swiss Re.