Job Summary
Under minimal supervision, the Senior Claims Examiner - Claims Specialist manages a caseload of moderate to high complexity New York Labor Law commercial insurance claims. The incumbent will review claims to analyze and determine applicable coverage, facts, liability, damages, and plan for resolution in accordance with state and company guidelines. The incumbent will be recognized as having extensive claims handling experience, including the handling of complex high exposure claims.
Duties and Responsibilities
- Continuously exhibit and uphold Core Values of Integrity, Accountability, Communication and Teamwork, Innovation and Customer Service
- Perform coverage, liability, and damage analysis on all claims assignments
- Investigate allegations and determine facts based on evidence and interviews
- Draft disclaimers and reservation of rights letters when coverage issues arise
- Assign limited investigations and appraisals to licensed insurance professionals
- Manage a caseload of moderate to high complexity claims with delegated authority
- Manage litigated files
- Negotiate settlements, mitigate losses, and control expenses
- Participate in and attend mediations to facilitate settlements
- Maintain accurate documentation in claim files
- Prepare correspondence to all required parties involved in a claim
- Provide technical guidance, assistance, and training to Claims Associates and Claims Examiners
- Provide exceptional customer service to insureds, claimants, and attorneys, addressing inquiries, concerns, and providing regular updates on claim status
- Ensure compliance with state regulations, industry standards, and best practices in claims handling, maintaining a high level of professionalism and integrity
- Maintain a passing quality assurance score on all audits and QAs
- Handle claims in accordance with established James River Claims Best Practices
- Other duties as required by management
Knowledge, Skills and Abilities
Expertise in claim handling and suit managementModerate to advanced knowledge of P&C insurance industryAbility to effectively assess riskProficiency in MS Office (Word, Excel, Outlook)Excellent written and verbal communication skillsExcellent organizational skillsAbility to take direction from managementAbility to work independently and take initiativeAbility to exercise sound judgement in making critical decisionsResearch, analysis and problem-solving skillsStrong negotiation skillsAbility to build effective relationships with business partnersAbility to perform effectively as part of a teamAbility to organize complex information and pay close attention to detailAbility to anticipate customer needs and take initiative to meet those needsAbility to train and provide technical guidance to less experienced Claims professionalsAbility to successfully obtain the required state adjusters' licenses within six (6) months following the completion of Company-provided licensure training courses and maintain appropriate licensure thereafterExperience and Education
Senior Claims Examiner
High school diploma requiredBachelor's Degree preferredMinimum of three years of New York Labor Law claims handling experience including working with complex coverage issues, handling liability and coverage issues, multi-jurisdictional claims, and negotiating settlements with claimants and attorney requiredAdjuster license and / or certifications preferredClaims Specialist
High school diploma required
Bachelor's Degree preferredAdvanced Degree or Juris Doctorate Degree preferredMinimum of seven years of New York Labor Law claims handling experience including working with complex coverage issues, handling liability and coverage issues, multi-jurisdictional claims, and negotiating settlements with claimants and attorneys requiredAdjuster license and / or certifications desired preferred#LI-KS1
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