Sr. Claims Specialist
MarkelAbout the role
Join us and play your part in something special!
This position will be responsible for the resolution of moderate to high complexity and moderate to high exposure claims which can be subject to disputes that must be resolved in mediation or litigation. The primary purpose of this job is to handle claims from coverage enquiry through legal liability assessment (where relevant) and quantum analysis, to timely and accurate resolution; ensuring mitigation of indemnity and expense exposure while communicating developments and outcomes as necessary to all internal and external stakeholders. The position will have increased responsibility for decision making within their authority and work with minimal oversight and will provide training and be a technical referral point for other team members.
- Confirms coverage of claims by reviewing policies and documents submitted in support of claims
- Directs and monitors assignments to experts and outside counsel, ensures effective vendor and litigation management on moderate to high complexity claims including demonstrable savings
- Analyzes coverage and communicates coverage positions
- Prepare coverage position letters on matters typically in litigation without assistance of outside coverage counsel.
- Utilizes acceptable investigation claims handling and settlement techniques that achieve cost effective and timely closure results by obtaining, reviewing and analyzing documentation, policy provisions and other records.
- Conducts, coordinates, and directs investigation into loss facts and extent of damages
- Provides timely service throughout the life cycle of the claim by meeting all service level agreements, initiating timely contact to all appropriate parties, and responding to incoming inquiries according to company policy and procedures.
- Evaluates information on coverage, liability, and damages to determine the extent of insured's exposure
- Sets reserves within authority or makes claim recommendations concerning reserve changes to manager
- Negotiates and settles claims typically in litigation either directly or indirectly
- Prepares reports by collecting and summarizing information
- Present at roundtables to senior claims leaders and underwriters on cases going to trial
- Participates in special projects or assists other team members as requested
- Travel to mediations, trials, and conferences as required
- Coordinates loss information for business stakeholders and presents information during meetings with underwriters and/or insureds when applicable
- Contributes to maintenance of claims guidelines and best practice procedures
- Delivers technical training to colleagues and external contacts as appropriate
Who we are:
Markel Group (NYSE – MKL) a fortune 500 company with over 60 offices in 20+ countries, is a holding company for insurance, reinsurance, specialist advisory and investment operations around the world.
We’re all about people | We win together | We strive for better
We enjoy the everyday | We think further
What’s in it for you:
In keeping with the values of the Markel Style, we strive to support our employees in living their lives to the fullest at home and at work.
- We offer competitive benefit programs that help meet our diverse and changing environment as well as support our employees’ needs at all stages of life.
- All full-time employees have the option to select from multiple health, dental and vision insurance plan options and optional life, disability, and AD&D insurance.
- We also offer a 401(k) with employer match contributions, an Employee Stock Purchase Plan, PTO, corporate holidays and floating holidays, parental leave.
- Markel offers hybrid working schedules of 3 days in the office and 2 days remote.
Are you ready to play your part?
Choose ‘Apply Now’ to fill out our short application, so that we can find out more about you.
The base salary offered for the successful candidate will be based on compensable factors such as job-relevant education, job-relevant experience, training, licensure, demonstrated competencies, geographic location, and other factors.
Caution: Employment scams
Markel is aware of employment-related scams where scammers will impersonate recruiters by sending fake job offers
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