Senior Claims Specialist Construction Professional Liability Claims

Zurich 56 Company Ltd; Schaumburg (IL); Hybrid; USD 74,000 - 122,000; Full time

Job summary

An established industry player is seeking a Senior Claims Specialist to join their dynamic team. This role offers the unique opportunity to work in a hybrid environment, balancing remote flexibility with essential in-office collaboration. You will be responsible for managing complex construction liability claims, utilizing your expertise to analyze data, determine liability, and negotiate settlements. The ideal candidate will possess strong analytical and communication skills, along with a solid background in claims management. Join a company that values work-life balance and fosters professional growth, while making a significant impact in the insurance industry.

Benefits

Flexible Work Hours

Remote Work Options

Professional Development Opportunities

Short-Term Incentive Bonuses

Comprehensive Employee Benefits

Qualifications

• 6+ years of experience in Claims and/or Litigation Management required.
• Knowledge of insurance regulations, markets, and products is essential.

Responsibilities

• Document and manage claims files accurately and timely.
• Negotiate settlements and ensure compliance with laws and regulations.

Skills

Claims Management

Analytical Skills

Communication Skills

Negotiation Skills

Problem-Solving Skills

Education

Bachelor’s Degree

Juris Doctor

High School Diploma Equivalent

Tools

Claims Management Software

Job description

Senior Claims Specialist Construction Professional Liability Claims

123069

At Zurich North America Claims we acknowledge that work life-balance and flexibility are a priority when it comes to choosing your next career move. Designed with our employees' needs in mind, the ZNA Claims hybrid work model emphasizes flexibility, allowing claims employees to conduct individual work in their preferred location, while facilitating in-person connections and collaborative activities when meaningful and valuable. While the model provides a high level of flexibility and autonomy, occasional circumstances requiring in-office attendance should be expected. The candidate selected for this opportunity should be able to report into one of the following North American Claims offices: Addison, TX; Atlanta, GA; Dallas, TX; New York, NY; Omaha, NE; Overland Park, KS; Parsippany, NJ; Schaumburg, IL; or Woodland Hills, CA.

We are hiring this role as a remote position.

Job Responsibilities:

• Document claims file by accurately capturing and updating claims data/information in compliance with best practices for high exposure and complexity Construction Professional line claims.
• Exercise judgement to determine liability by gathering and analyzing relevant facts; utilizing applicable law; establishing basic principles of negligence.
• Exercise judgment to determine policy verification and coverage determination by analyzing applicable coverage for claims and determining whether the loss falls within the coverage.
• Work to have a timely resolution to claims by developing case strategy; developing a case evaluation; escalating issues as appropriate.
• Establish timely reserves and perform ongoing review throughout claims cycle within authority limit by estimating and validating value of claims.
• Assess damages by calculating applicable damages or range of damages allowed by law.
• Negotiate settlement of claim by establishing appropriate negotiation strategy and utilizing available tools and resources within authority limits.
• Ensure customer service by proactively communicating information; responding to inquiries; following customer protocols and may participating in customer marketing efforts.
• Manage expenses by working within vendor approved networks and managing scope of work assigned to outside contractors.
• Ensure legal compliance by following state and federal laws and regulations and internal control requirements.
• Refer claim to subrogation and fraud teams by identifying potential subrogation and fraud.
• Contribute to profitable growth by providing risk insight, information and trends to Business Unit or customer as needed.
• Protect Zurich’s reputation by keeping claims information confidential.
• Maintain professional and technical knowledge by participating in educational opportunities, staying current with industry trends, establishing personal networks and participating in professional societies.

Basic Qualifications:

• Bachelor’s Degree and 6 or more years of experience in the Claims and/or Litigation Management area.
• OR Juris Doctor and 2 or more years of experience in the Claims and/or Litigation Management area.
• OR Zurich Certified Insurance Apprentice, including an associate degree with 6 or more years of experience in the Claims and/or Litigation Management area.
• OR Completion of Zurich Claims Training Program and 6 or more years of experience in the Claims and/or Litigation Management area.
• OR High School Diploma Equivalent and 8 or more years of experience in the Claims and/or Litigation Management area.
• AND Must obtain and maintain required adjuster license(s).
• Knowledge of insurance regulations, markets, and products.

Preferred Qualifications:

• Prior claims experience in handling complex liability claims under various types of policies.
• A general knowledge of the construction industry and various types of construction projects from pre-construction activities through substantial completion and the various risks and liabilities of all the parties involved.
• Effective verbal and written communication skills.
• Strong analytical, critical thinking and problem-solving skills.
• Strong multi-tasking and prioritization skills.
• Experience collaborating in a team environment and building cross functional working relationships.
• Proactively shares and promotes sharing of insights.
• Ability to gather unique perspectives from other teams/functions to optimize outcomes.
• Understands, analyzes, and applies the component parts of an insurance policy for complex claims.
• Ability to follow reserving process for indemnity and expense in analyzing the potential exposure of complex claims.
• Ability to determine the scope and exposure for complex claims.
• Ability to leverage trend and relationships to provide high-quality customer service.
• Well-versed in identifying, understanding, and explaining complex financial and/or actuarial trends/concepts.
• Ability to effectively communicate coverage determinations to customers/clients/brokers for complex claims.
• Ability to direct counsel on an ongoing basis to guide the course of complex litigation and settlement strategies.

At Zurich, compensation for roles is influenced by a variety of factors, including but not limited to the specific office location, role, skill set, and level of experience. In compliance with local laws, Zurich commits to providing a fair and reasonable compensation range for each role. For more information about our Total Rewards, please click here. Additional rewards may encompass short-term incentive bonuses and merit increases. We encourage candidates with salary expectations beyond the provided range to apply as they will be considered based on their experience, skills, and education. The compensation indicated represents a nationwide market range and has not been adjusted for geographic differentials pertaining to the location where the position may be filled. The proposed salary range for this position is 74,300.00 - $121,700.00, with short-term incentive bonus eligibility set at 15%.

As an insurance company, Zurich is subject to 18 U.S. Code § 1033.

A future with Zurich. What can go right when you apply at Zurich?

Now is the time to move forward and make a difference. At Zurich, we want you to share your unique perspectives, experiences and ideas so we can grow and drive sustainable change together. As part of a leading global organization, Zurich North America has over 150 years of experience managing risk and supporting resilience. Today, Zurich North America is a leading provider of commercial property-casualty insurance solutions and a wide range of risk management products and services for businesses and individuals. We serve more than 25 industries, from agriculture to technology, and we insure 90% of the Fortune 500. Our growth strategy is not limited to our business. As an employer, we strive to provide ongoing career development opportunities, and we foster an environment where voices are diverse, behaviors are inclusive, actions drive equity, and our people feel a sense of belonging. Be a part of the next evolution of the insurance industry. Join us in building a brighter future for our colleagues, our customers and the communities we serve. Zurich maintains a comprehensive employee benefits package for employees as well as eligible dependents and competitive compensation. Please click here to learn more.

Zurich in North America is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race/ethnicity, color, religion, sex, sexual orientation, gender identity, national origin, disability, or protected veteran status.

Zurich does not accept unsolicited resumes from search firms or employment agencies. Any unsolicited resume will become the property of Zurich American Insurance. If you are a preferred vendor, please use our Recruiting Agency Portal for resume submission.

Location(s): AM - Schaumburg, AM - Addison, AM - Atlanta, AM - Dallas, AM - New York, AM - Omaha, AM - Overland Park, AM - Parsippany, AM - Woodland Hills
Remote Working: Hybrid
Schedule: Full Time
Employment Sponsorship Offered: No

Linkedin Recruiter Tag: #LI-LC1 #LI-ASSOCIATE #LI-HYBRID