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Claims Specialist II

Title:

Company:

Everest Insurance Company

Job Category:

Claims

Job Description:

Everest is a leading global reinsurance and insurance provider, operating for nearly 50 years through subsidiaries in the Europe, Bermuda, Canada, Singapore, US, and other territories. Our strengths include extensive product and distribution capabilities, a strong balance sheet, and an innovative culture. Throughout our history, Everest has maintained its discipline and focuses on creating long-term value through underwriting excellence and strong risk and capital management. But the most critical asset in this organization is our people.

At Everest, we are committed to the development of our people. We offer dynamic training & professional development to our employees. You will benefit from career development and learning opportunities that will let you set career goals and fulfill them, including:

Generous tuition/continuing education reimbursement
Mentoring opportunities
Flexible work arrangements
Talent development initiatives
Networking groups

The Claims Team at Everest Insurance, a member of the Everest Re Group, is looking for an experienced Commercial Property Claims Specialist to join our Property and Inland Marine Claim team. The preferred location is Warren, NJ but would consider a fully remote candidate based upon experience.

Responsibilities include but not limited to:

Experience handling Commercial Property and/or Builders Risk Claims
Strong knowledge of Property Forms and Endorsements
Ability to manage Independent Adjusters

Ability to review and analyze property damage estimates
Review and analyze coverage and prepare appropriate coverage position letters
Investigation, analysis, and evaluation of assigned claims to determine exposure
Management and direction of outside counsel as well as reviewing and approving legal and/or expense budgets and bills
Preparation of case summary reports related to matters of significant reserve activity
Timely and appropriate setting of claim reserves
Development and execution of claim strategies as well as resolution strategies
Negotiation and resolution of claims
Determine and resolve workload and assignment issues to ensure effective claims processing, expense management and claims disposition
Attend trials and mediations
Vendor oversight and management, including auditing of same
Identify issues and trends in the portfolio; take appropriate and/or corrective action where necessary; communicate trends to underwriters, insureds, and brokers
Extensive communication with insureds, brokers, reinsurers, actuaries, and business unit contacts
Attend client meetings and industry functions to support retention and development of client relationships and business

Qualifications, Education & Experience:

The ideal candidate will have 5+ years of Commercial Property claims experience and current, working knowledge of jurisdictional laws and regulations.
Bachelor’s degree or equivalent work experience required
Insurance industry designation(s)/certification(s) preferred

Knowledge, Skills & Competencies:

Strong oral and written communication skills
Strong analytical and organizational skills
Strong negotiation and investigation skills
Excellent interpersonal skills
Ability to evaluate coverage issues involving a wide variety of loss scenarios
Ability to think strategically
Currently holds or readily can obtain all required adjuster licenses
Knowledge of the insurance industry, claims and the insurance legal and regulatory environment
Knowledge of claims handling or insurance legal statutes and procedures
Ability to identify and use relevant data and metrics to best manage claims
Collaborative mind-set and willingness to work with people outside immediate reporting hierarchy to improve processes and generate optimal departmental efficiency
Ability to and willingness to present to senior management and other group settings
Ability to influence others and resolve complex, disputed claims
Some travel required

For NYC and CA Only: The base salary range for this position is $90,000-$135,000 annually. The offered rate of compensation will be based on individual education, experience, qualifications and work location.

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Type:

Regular

Time Type:

Full time

Primary Location:

Warren, NJ

Additional Locations:

Remote, United States

As an effective team member, employees at Everest Insurance must champion the Everest Insurance Culture:

Collaboration: Open and transparent communication with customers and colleagues
Thoughtful Assumption of Risk: Supporting the Everest goal of carefully writing profitable business by ensuring data quality, prompt and accurate feedback to Underwriters, and operational control throughout the enterprise.
Execution: Delivering outstanding support to the organization through strong day-to-day business operations, effective project management, and careful oversight of vendors.
Humility: Caring and respectful approach to service colleagues, customers, and the community.
Leadership: By example, every day.

Everest Re Group Glassdoor Company Review

3.8

Everest Re Group DE&I Review

No rating

CEO of Everest Re Group

Juan Andrade

Approve of CEO

By Everest Re Group

EVEREST is a leading international reinsurance and insurance group with an extensive distribution network that spans five continents. With roots dating back to 1973, Everest has developed a global footprint and deep client relationships that are l...

3 jobs

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INDUSTRY

Insurance Carriers

TEAM SIZE

1001-5000

LOCATION

Hybrid, based in Warren, NJ

DATE POSTED

August 4, 2023