Senior Claims Leader, Financial & Professional Lines

Munich Re Specialty - North America; Hartford (CT); On-site; USD 138,000 - 212,000; Full time

Benefits offered by this job

Health insurance

401k match

Paid holidays and PTO

Wellness program

Job summary

Munich Re Specialty - North America seeks a Senior Claims Specialist within the Financial and Professional Lines Core team to manage all aspects of file handling on both in-house and third-party administered property claims, with growth opportunity in technical handling and professional development.

The Senior Claims Specialist will direct adjusting and litigation, partner with counsel, experts and vendors, and drive optimal resolutions while analyzing coverage and pursuing recoveries.

Qualifications

• Bachelor’s degree; Law degree preferred.
• 7+ years experience in handling specialty claims.
• Detail-oriented, adaptable, and strategic in decision-making.
• Understanding of technical claims proficiency and execution of best claim practices.
• Ability to work independently, multi-task, and remain self-motivated in a fast-paced environment.
• Strong organizational skills and time management of claims desk.
• Strong business acumen and ability to collaborate with other departments and vendors.
• Customer-service and relationship oriented.
• Innovative, dynamic and growth mindset.
• Good verbal and writing skills for internal and external communication, presentations and reporting.
• Good analytical thinking, advocacy and negotiation skills.
• Willingness to travel for mediations, settlement conferences, and client or account meetings. (25%)
• Maintain valid adjusters’ license(s) in states assigned or an ability to obtain same.

Responsibilities

• Thoroughly investigate and assess claims for coverage, and damages, and pursuit of recoveries and subrogation/contribution opportunities.
• Demonstrate an in-depth understanding of coverage issues, policy forms, contracts, regulatory requirements, and changing legal landscape for specialty line claims.
• Proactively and promptly manage claims, considering all aspects with a strategic vision for optimal claim outcome.
• Continually evaluate claims to set appropriate, timely reserves over the life of the claim to reflect changes in exposure.
• Demonstrate strong technical claims proficiency through consistent execution of best claim practices.
• Strategically coordinate and manage outside counsel and vendors to obtain optimal claim outcome.
• Present high exposure claims to Claims Leadership and Key Stakeholders.
• Collaborate with internal and external business partners for client meetings, product development and improvement, and account audits.
• Look for ways to improve claim efficiencies and outcomes (innovative mindset).

Skills

Claims handling

Litigation coordination

Policy interpretation

Communication skills

Travel readiness

Independent work

Education

Bachelor’s degree; Law degree preferred

Job description

Munich Re Specialty - North America seeks a Senior Claims Specialist within the Financial and Professional Lines Core team to manage all aspects of file handling on both in-house and third-party administered property claims, with growth opportunity in technical handling and professional development.

The Senior Claims Specialist will direct adjusting and litigation, partner with counsel, experts and vendors, and drive optimal resolutions while analyzing coverage and pursuing recoveries.