Sr Litigation Specialist General Liability - Morristown, NJ

Military Spouse Corporate Career Network; Morristown (NJ); On-site; USD 94,000 - 156,000; Full time

Job summary

Travelers is seeking a Claims professional to directly handle severity claims, conduct timely coverage analyses, and communicate with insureds. You will interview witnesses, coordinate with specialists, and manage claim files following established policies.

Ideal candidates have a bachelor's degree, extensive claims or litigation experience, and strong analytical, negotiation, and communication skills. A sign-on bonus is available. This role offers growth within a premier insurer.

Qualifications

• Bachelor's Degree required and extensive claim and/or legal experience.
• Advanced knowledge in coverage, contract interpretation, liability and damages analysis.
• Ability to decide independently on most assigned cases.

Responsibilities

• Directly handles assigned severity claims and provides timely coverage analysis.
• Consults with Manager on use of Claim Coverage Counsel as needed.
• Investigates claims with appropriate parties to determine liability, damages, and contribution.
• Maintains claim files and diarizes activities per procedures.
• Develops litigation plans and manages costs with counsel when applicable.
• Applies quality management protocols and best practices to all claims.

Skills

Analytical thinking

Judgment/Decision making

Communication

Negotiation

Insurance contract

Knowledge

Principles of investigation

Value determination

Settlement techniques

Legal knowledge

Medical knowledge

Education

Bachelor's Degree

High School Degree or GED

Job description

ATTENTION MILITARY AFFILIATED JOB SEEKERS

Our organization works with partner companies to source qualified talent for their open roles. The following position is available to Veterans, Transitioning Military, National Guard and Reserve Members, Military Spouses, Wounded Warriors, and their Caregivers.

If you have the required skill set, education requirements, and experience.

Taking care of our customers, our communities and each other. That's the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 170 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.

Job Category

Claim

Compensation Overview

The annual base salary range provided for this position is a nationwide market range and represents a broad range of salaries for this role across the country. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. As part of our comprehensive compensation and benefits program, employees are also eligible for performance-based cash incentive awards.

Salary Range

$94,400.00 - $155,800.00

Target Openings

2

What Is the Opportunity?

This role is eligible for a sign on bonus.

What Will You Do?

• Directly handles assigned severity claims.
• Provides quality customer service and ensures quality and timely coverage analysis and communication with insured based on application of policy information to facts or allegations of each case.
• Consults with Manager on use of Claim Coverage Counsel as needed.
• Directly investigates each claim through prompt and strategically-appropriate contact with appropriate parties such as policyholders, accounts, claimants, law enforcement agencies, witnesses, agents, medical providers and technical experts to determine the extent of liability, damages, and contribution potential.
• Interview witnesses and stakeholders; take necessary statements, as strategically appropriate.
• Actively engages in the identification, selection and direction of appropriate internal and/or external resources for specific activities required to effectively evaluate claims, such as Subrogation, Risk Control, nurse consultants, and fire or fraud investigators, and other experts.
• Verifies the nature and extent of injury or property damage by obtaining and reviewing appropriate records and damage documentation.
• Maintains claim files and documents claim file activities in accordance with established procedures.
• Utilizes evaluation documentation tools in accordance with department guidelines.
• Proactively creates Claim File Analysis (CFA) for adherence to quality standards.
• Utilizes diary management system to ensure that all claims are handled timely.
• At required time intervals, evaluate liability & damages exposure.
• Establishes and maintains proper indemnity and expense reserves.
• Recommends appropriate cases for discussion at roundtable.
• Attends and/or present at roundtables/ authority discussions for collaboration of technical expertise resulting in improved payout on indemnity and expense.
• Actively and enthusiastically shares experience and knowledge of creative resolution techniques to improve the claim results of others.
• Applies the Company's claim quality management protocols and Best Practices to all claims; documents the rationale for any departure from applicable protocols with or without assistance.
• Develops and employ creative resolution strategies.
• Responsible for prompt and proper disposition of all claims within delegated authority.
• Negotiates disposition of claims with insureds and claimants or their legal representatives.
• Recognizes and implements alternate means of resolution.
• Manages litigated claims.
• Develops litigation plan with staff or panel counsel, including discovery and legal expenses, to assure effective resolution and to satisfy customers.
• Applies litigation management through the selection of counsel, evaluation and direction of claim and litigation strategy,
• Tracks and controls legal expenses to assure cost-effective resolution.
• Effectively and efficiently manage both allocated and unallocated loss adjustment expenses.
• Perform other duties as assigned.

What Will Our Ideal Candidate Have?

• Bachelor's Degree.
• Advanced level knowledge in coverage, contract interpretation, liability and damages analysis and has a thorough understanding of the litigation process, relevant case and statutory law and expert litigation management skills.
• Extensive claim and/or legal experience and technical expertise to evaluate severe and complex claims.
• Able to make independent decisions on most assigned cases without involvement of supervisor.
• Thorough understanding of business line products, policy language, exclusions, ISO forms, and effective claims handling practices.
• Analytical Thinking - Advanced.
• Judgment/Decision Making - Advanced.
• Communication - Advanced.
• Negotiation - Advanced.
• Insurance Contract.
• Knowledge - Advanced.
• Principles of Investigation - Advanced.
• Value Determination - Advanced.
• Settlement Techniques - Advanced.
• Legal Knowledge - Advanced.
• Medical Knowledge - Intermediate.

What is a Must Have?

• High School Degree or GED.
• 3 years of liability claim handling experience and/or comparable litigation claim experience.
• In order to perform the essential job functions of this job, acquisition and maintenance of Insurance License(s) may be required to comply with state and Travelers requirements.
• Generally, license(s) are required to be obtained within three months of starting the job.