The Role
Manage claims from initial notice to resolution: process and investigate claims, communicate with customers and carriers, maintain records, generate loss run reports, track large claims, and ensure regulatory compliance while preventing fraud.
Summary Generated by Built In
The Claims Administrator is responsible for maintaining the company claims process from initial notice to resolution. This person in this position works closely with customers and insurance carriers, providing support and guidance to ensure a seamless experience throughout the claims process.
Responsibilities
Required Skills/Abilities
Education and Experience
Benefits
Responsibilities
- Review and process incoming claims in a timely and accurate manner, in accordance with all regulatory and company requirements.
- Request and track any qualifying information needed from customers for accurate claim submission.
- Investigate and resolve complex claim issues.
- Maintain detailed records of all claims activity, including all correspondence and relevant findings.
- Communicate clearly and regularly with customers and carriers to ensure all parties are aware of claims’ status and next steps.
- Track and review large claims, maintaining consistent claim awareness, and ensuring insured is continuously informed of claim status from initial notification to claim closure.
- Notify SVP Operations of large claim concerns and/or issues.
- Provide excellent customer service in addressing customer concerns and complaints.
- Analyze and investigate complicated insurance claims to help prevent fraud.
- Generate monthly, quarterly, and yearly loss run reports for external stakeholders and the internal Leadership team.
- Perform other duties as assigned or required.
Required Skills/Abilities
- A valid resident Property & Casualty insurance license is required; or the ability to obtain and maintain a valid state insurance license (agency may assist)
- Strong proficiency with Microsoft Office Suite
- Knowledge of, or ability to quickly learn, AMS360 and ImageRight.
- Strong analytical skills and an inherent knack for detailed and comprehensive communication.
- Sound grasp of industry processes and existing business regulations.
- Excellent communication skills with leadership, coworkers, insureds, and carriers.
- Ability to work independently with minimum supervision.
- Professional and tactful interpersonal skills with the ability to interact with a variety of personalities.
- Excellent organizational skills and attention to detail.
- Ability to work within a team atmosphere with a willingness to ask for and receive feedback at all levels.
Education and Experience
- Bachelor's degree in a business-related program or equivalent experience in the insurance industry
- Background in claims investigation and commercial property & casualty insurance preferred
Benefits
- Salary: $80,000-$100,000 annually.
- Health insurance, vision, dental, life insurance, and more. This includes an employer-sponsored HSA, paid coverage for employees, and cost-sharing for families.
- 401K with employer matching.
- PTO and paid holidays to support work-life balance. PTO is based on experience and is expected to increase over time.
- A casual office environment with a dedicated and professional team.
- Hybrid opportunities in Berwyn, PA.
Skills Required
- Valid resident Property & Casualty insurance license or ability to obtain and maintain one (agency may assist)
- Bachelor's degree in a business-related program or equivalent insurance industry experience
- Strong proficiency with Microsoft Office Suite
- Knowledge of, or ability to quickly learn, AMS360 and ImageRight
- Background in claims investigation and commercial property & casualty insurance
- Strong analytical skills and attention to detail
- Sound grasp of industry processes and business regulations
- Excellent communication skills with leadership, coworkers, insureds, and carriers
- Ability to work independently with minimum supervision
- Professional interpersonal skills and ability to interact with varied personalities
- Excellent organizational skills and ability to maintain detailed records
- Ability to work within a team atmosphere and accept feedback
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The Company
What We Do
Since 1959, Sovereign Insurance Group's goal has been creating partnerships by aligning our market knowledge with your objectives to protect your most valuable assets. The result is rethinking your expectations of what is possible. Our specialists are seasoned professionals devoted to innovative solutions for their clients. Our team constantly seeks to understand issues related to target industries and have the expertise, market knowledge, and drive to deliver high quality results.
