Claims Specialist II (Commercial Property)

Title:

Claims Specialist II (Commercial Property)

Company:

Everest Insurance Company

Job Category:

Claims

Job Description:

Everest Group, a NYSE listed S&P 500, is a leading global reinsurance and insurance provider, operating for nearly 50 years, now in over 15countries. Everest is a growth company offering Property, Casualty and Specialty products. We have extensive product and distribution capabilities backed by a strong balance sheet which is evident in our Financial Agency Ratings of: A+ A. M. Best, A+ S&P Global and A1 Moody’s Investor Service. 

We take pride in being known in the industry as nimble, entrepreneurial and responsive. Our culture is innovative, we empower our employees to make business decisions within our risk framework at a local level.   

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. This is a hybrid role (3 days in office) based out of one of our U.S. offices.

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

Our Culture 

At Everest, our purpose is to provide the world with protection. We help clients and businesses thrive, fuel global economies, and create sustainable value fo