Senior Complex Claims Strategist

Munich Reinsurance America, Inc; Chicago (IL); On-site; USD 138,000 - 212,000; Full time

Benefits offered by this job

Health insurance

401k match

Paid holidays

Paid time off

Wellness program

Life and disability insurance

Retirement savings plan

Tuition assistance

Corporate matching gifts

Volunteer time off

Job summary

Munich Re Specialty - North America seeks a Senior Claims Specialist to manage complex, high-exposure casualty and specialty claims across in-house and third-party administered portfolios. You will collaborate with counsel, experts, vendors, and teams to drive optimal outcomes and determine coverage, investigations, and recoveries.

You will bring a bachelor’s degree (law degree preferred), 10+ years’ experience, strong analytical, negotiation, and communication skills, and a willingness to

Qualifications

• Bachelor's degree required.
• Law degree preferred.
• 10 years plus experience in handling high exposure casualty and/or specialty claims, or relevant legal experience.
• 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 (~10% - 15% of time).
• 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.
• Exercise thoughtful curiosity.
• Demonstrate in-depth understanding of coverage issues, policy forms, contracts, regulatory requirements, and changing legal landscape for casualty and 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 proficiency through consistent execution of best claim practices.
• Strategically coordinate with and manage outside counsel and vendors to obtain optimal claims outcomes.
• 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

Strong analytical thinking

Negotiation skills

Communication skills

Organization/time management

Independent/self-motivated

Collaboration with departments

Willingness to travel

Strategic decision-making

Problem solving

Client/partner communication

Education

Bachelor's degree

Law degree preferred

Job description

Munich Re Specialty - North America seeks a Senior Claims Specialist to manage complex, high-exposure casualty and specialty claims across in-house and third-party administered portfolios. You will collaborate with counsel, experts, vendors, and teams to drive optimal outcomes and determine coverage, investigations, and recoveries.

You will bring a bachelor’s degree (law degree preferred), 10+ years’ experience, strong analytical, negotiation, and communication skills, and a willingness to