Senior Claims Specialist

Posted 2 Hours Ago
Be an Early Applicant
Warren, NJ
140K-174K Annually
7+ Years Experience
Insurance
The Role
The Senior Claims Specialist at Everest Insurance manages complex general liability and excess liability claims, conducts investigations, prepares coverage position letters, sets reserves, negotiates settlements, and collaborates with various stakeholders including underwriters and outside counsel.
Summary Generated by Built In

Title:

Senior Claims Specialist

Company:

Everest Insurance Company

Job Category:

Claims

Job Description:

About Everest:
Everest Group, Ltd. (Everest), is a leading global reinsurance and insurance provider, operating for nearly 50 years through subsidiaries in North America, Latin America, the UK & Ireland, Continental Europe and Asia Pacific regions. Throughout our history, Everest has maintained its discipline and focuses on creating long-term value through underwriting excellence and strong risk and capital management. Our strengths include extensive product and distribution capabilities, a strong balance sheet, and an innovative culture. Our most critical asset is our people. We offer dynamic training & professional development to our employees. We also offer generous tuition/continuing education reimbursement programs, mentoring opportunities, flexible work arrangements, and Colleague Resource Groups.

About the Role:

Everest Insurance, a member of Everest Re Group, Ltd., has an opportunity for an experienced claims professional or attorney to join our Casualty Claims team in Warren, NJ. This individual will handle complex general liability and excess liability and umbrella claims of all varieties.

This position can be based in our office in Warren, NJ or New York City on a hybrid work schedule (3 days in office/2 days remote).

Responsibilities include but not limited to:

  • Reviewing and analyzing complex coverage issues and preparation of coverage position letters

  • Investigating, analyzing and evaluating liability and damages

  • Managing and directing outside counsel

  • Preparing case summary reports related to matters of significant reserve and trial activity

  • Setting timely and appropriate case reserves

  • Developing and executing claim strategies as well as resolution strategies

  • Negotiating and resolving cases

  • Attending trials, mediations and settlement conferences

  • Managing and overseeing Third party administrators (TPAs)

  • Working with underwriters to support policy construction and drafting, reporting claim trends, data analysis, and risk assessments

  • Extensive communication with insureds, brokers, reinsurers, actuaries, and underwriters

  • Attending client meetings and industry functions to support retention and development of client relationships and business

  • Performing similar work-related duties as assigned

Qualifications, Education & Experience:

  • Strong analytical and organizational skills

  • Excellent verbal and written communication skills

  • Strong negotiation and investigation skills

  • Ability to think strategically

  • Ability to influence others and resolve complex, disputed claims

  • In-depth knowledge of the litigation, arbitration, and trial process

  • Currently holds or readily can obtain all required adjuster licenses

  • 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 and willingness to present to senior management and to others in other group settings

  • Knowledge of the insurance industry, claims process and legal and regulatory environment

  • 10 years of claims handling experience or legal experience

  • B.A. or B.S. required; JD preferred

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 for our colleagues, shareholders and the communities that we serve. We also pride ourselves on having a unique and inclusive culture which is driven by a unified set of values and behaviors. Click here to learn more about our culture. 

  • Our Values are the guiding principles that inform our decisions, actions and behaviors. They are an expression of our culture and an integral part of how we work: Talent. Thoughtful assumption of risk. Execution. Efficiency. Humility. Leadership. Collaboration. Diversity, Equity and Inclusion.

  • Our Colleague Behaviors define how we operate and interact with each other no matter our location, level or function: Respect everyone. Pursue better. Lead by example. Own our outcomes. Win together.

  

All colleagues are held accountable to upholding and supporting our values and behaviors across the company. This includes day to day interactions with fellow colleagues, and the global communities we serve.

For CA and NYC: The base salary range for this position is $140,000 - $174,000 annually. The offered rate of compensation will be based on individual education, experience, qualifications and work location. 

#LI-Hybrid

#LI-CK1

Type:

Regular

Time Type:

Full time

Primary Location:

Warren, NJ

Additional Locations:

New York, NY, Philadelphia, PA

Everest is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion or creed, sex (including pregnancy), sexual orientation, gender identity or expression, national origin or ancestry, citizenship, genetics, physical or mental disability, age, marital status, civil union status, family or parental status, veteran status, or any other characteristic protected by law. As part of this commitment, Everest will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact Everest Benefits at [email protected].

Everest U.S. Privacy Notice | Everest (everestglobal.com)

The Company
HQ: Warren, NJ
3,485 Employees
On-site Workplace
Year Founded: 1973

What We Do

Everest Group, Ltd. (“Everest”) is a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions that address customers’ most pressing challenges. Known for a 50-year track record of disciplined underwriting, capital and risk management, Everest, through its global operating affiliates, is committed to underwriting opportunity for colleagues, customers, shareholders, and communities worldwide. Everest is in over 100 countries across 6 continents. We provide the world with protection, we underwrite more than risk, we underwrite opportunity.

Everest Group, Ltd. is listed on the New York Stock Exchange (NYSE: EG) and is a component of the S&P 500 index.

FINANCIAL STRENGTH RATINGS
A+ by A.M. Best
A+ by S&P
A1 by Moody's

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