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Berkley Luxury Group (a Berkley Company) · 1 day ago

Claims Specialist

Parsippany, NJ

Full-time

Onsite

Mid, Senior Level

$83K/yr - $156K/yr

5+ years exp

Berkley Luxury Group is an operating unit of W.R. Berkley Corporation, specializing in tailored insurance solutions for luxury properties and fine dining restaurants. The Senior Claims Specialist will manage commercial lines casualty claims, ensuring high-quality claims handling and exceptional customer service while contributing to the overall success of the company.

InsuranceProperty InsuranceReal Estate

No H1B

Responsibilities

Conduct thorough investigation and expert analysis of claims facts to determine coverage, liability, and applies appropriate legal concepts to evaluate damages and recommend appropriate course of action

Analyze and interpret policy language and case law in conjunction with specific loss facts to reach appropriate coverage decisions and write appropriate coverage correspondence in compliance with state statutes and regulations

Demonstrate a strong sense of urgency in promptly conducting comprehensive claims investigations to assess damages and liability, establish accurate reserves, and actively pursue timely and appropriate resolutions

Prepare and present reports for management that accurately reflect loss development, potential/actual financial exposures, risk transfer, reserve adjustments, coverage issues, and claim resolution strategies

Resolve claims through negotiation, mediation, and arbitration with minimal assistance

Address inquiries from brokers and policyholders and provide superior customer service

Attend and participate in industry related conferences, seminars, and webinars and demonstrating a personal commitment to professional development

Ensure claims handling compliance and alignment with insurance regulations and Company policies

May participate in projects and other corporate initiatives such as audits, task forces, focus groups, etc

Other duties as required

Qualification

Claims investigation techniquesLiability assessmentDamage evaluationLitigation managementPolicy interpretationNegotiation skillsCritical thinkingCommunication skillsOrganizational skillsTeam player

Required

Bachelor's degree or equivalent experience

5-7 years of experience handling commercial general liability claims

Experience managing litigated claims and working with defense counsel

Proven track record of effective claims resolution and negotiation

Strong knowledge of claims investigation techniques, liability assessment, and damage evaluation

Demonstrated expertise in legal processes and litigation management

Ability to interpret and apply policy language accurately

Demonstrated critical thinking and sound judgment in analyzing claims

Advanced analytical abilities to evaluate liability, quantify damages, and determine exposure

Proven capacity to make prompt, well-reasoned, and evidence-based decisions

Excellent written, verbal, and presentation communication skills

Effective communicator with diverse stakeholders, including policyholders, claimants, attorneys, and internal teams

Strong negotiation skills

Strong organizational skills with attention to detail

Effectively manages priorities and meets deadlines in a fast-paced environment

Takes ownership, shows initiative, and approaches problem-solving with a proactive mindset

Collaborative team player dedicated to achieving shared goals

Committed to continuous improvement and ongoing professional development

Supports and upholds the company's commitment to equal employment opportunity

Preferred

JD degree a plus

Benefits

Health

Dental

Vision

Life

Disability

Wellness

Paid Time Off

401(k)

Profit-Sharing plans

Company

Berkley Luxury Group (a Berkley Company)

Bespoke Insurance for Premium Real Estate and Hospitality Berkley Luxury Group is committed to tailored excellence, we offer hyper-specialized, all-inclusive coverages that perfectly fit the unique needs of insureds nationwide.

Founded in 1986

Rutherford, New Jersey, USA

51-200 employees