Talent.com
Director, Credit Claims

Director, Credit Claims

USA JobsNew York, NY, US
1 day ago
Job type
  • Full-time
Job description

Director, Credit Claims

Company : Everest Insurance Company

Job Category : Claims

About Everest : Everest is a global leader in risk management, rooted in a rich, 50+ year heritage of enabling businesses to survive and thrive, and economies to function and flourish. We are underwriters of risk, growth, progress and opportunity. We are a global team focused on disciplined capital allocation and long-term value creation for all stakeholders, who care deeply about our impact on communities and the wider world.

About the Role

Direct Handle Surety & Trade Credit / Political Risk Claims and Pre-Claim Matters. Investigate contract and commercial surety bond claims; Structured Credit / Trade Credit / Project Finance Pre-Claim / Claims. Work within specific limits of authority on assignments of significant technical complexity and coordination. Utilizing claims policies and guidelines reviews coverages, investigates and determines liability; compensability; identify and implements loss mitigation strategies; negotiates and resolves claims.

Essential Duties & Responsibilities

  • Performs a combination of duties in accordance with departmental guidelines.
  • Interprets complex bond coverages and determines if coverages apply to claims submitted, escalating issues as needed.
  • Sets reserves and authorizes payments within scope of authority.
  • Ensures issuance of disbursements while managing loss costs and expenses.
  • Coordinates and performs investigations and evaluates claims and suits through contact with principals, claimants, business partners, counsel, and experts.
  • Seeks early resolution opportunities; utilizes negotiation skills to develop complex settlement packages; identifies claims with recovery potential and coordinates with subrogation / salvage unit.
  • Partners with attorneys, account representatives, agents, underwriters, and principals to develop a focused strategy for timely and cost-effective resolution of more complex claims.
  • Analyzes claims activities. Prepares and presents reports for management. May be responsible for special projects and presentations.
  • Responsible for input of data that accurately reflects claim circumstances and other information important to our business outcomes.
  • May provide guidance and assistance to other claims staff and functional areas.
  • Partner with Underwriting in Marketing the Surety Product.
  • Provide Underwriting with Data and Metrics regarding.
  • Keeps current on state / international regulations and issues as well as industry activity and trends.

Skills Knowledge and Abilities

  • Solid knowledge of claims and surety / trade credit / political risk and insurance industry theory and practices.
  • Demonstrated technical expertise and product specific knowledge.
  • Strong interpersonal communication and negotiation skills. Ability to effectively interact with all levels of Everest's internal and external business partners.
  • Ability to work independently managing time and resources to accomplish multiple tasks and meet deadlines.
  • Strong analytical and problem-solving skills enabling viable alternative solutions.
  • Ability to exercise independent judgement and make critical business decisions effectively assessing the merits of claims as well as evaluating claims based on a cost benefit analysis.
  • Solid knowledge of Microsoft Office Suite as well as other business-related software.
  • Ability to adapt to change and value diverse opinions and ideas.
  • Ability to fully comprehend claim information; and to further articulate analyses of claims in internal reports.
  • Ability to handle claims with a proactive long-term view of business goals and objectives.

    • Education and Experience

    JD preferred or CPA. A minimum 3 to 5 years claims experience. The base salary range for this position is $134,000 - $187,300 annually. The offered rate of compensation will be based on individual education, experience, qualifications and work location. All offers include access to a variety of benefits to employees, including health insurance coverage, an employee wellness program.

    Create a job alert for this search

    Claim Director • New York, NY, US