Munich Re Specialty - North America · 2 hours ago
Claims Specialist - Public Entity
Princeton, NJ
Full-time
Hybrid
Senior Level, Lead/Staff
$100K/yr - $153K/yr
8+ years expMunich Re Specialty - North America is a leading specialty insurance provider dedicated to delivering exceptional underwriting, claims, and risk management expertise. The Claims Specialist will manage all aspects of file handling on internal and third-party administered claims in the Public Entity line of business, including investigation, coverage analysis, and litigation management.
Insurance
Responsibilities
Thorough investigation in claims for coverage, trigger (liability, wrongful act, breach), damages, and subrogation/contribution opportunities
In-depth understanding of coverage issues, policy forms, reinsurance contracts, regulatory requirements, and changing legal landscape for casualty claims
Proactive management of claims, considering all aspects with a strategic vision for optimal claim outcome
Continual evaluation claim to set appropriate, timely reserves over the life of the claim to reflect changes in exposure
Strong technical claims proficiency through consistent execution of best claim practices
Strategically coordinate and manage outside counsel and vendors to obtain optimal claim outcome
Present high exposure claims to Claims Leadership and Key Stakeholders
Collaboration with internal and external business partners for client meetings, product development and improvement, and account audits
Innovative mindset - looks for ways to improve claim efficiencies and outcomes
Proactive management of claims with a strategic, total cost of claim mindset
Highly technical, analytical and critical thinking ability to properly determine coverage and liability
Qualification
Required
8+ years' experience of handling claims
Experience in Public Entity or relevant lines of business
In-depth understanding of coverage issues, policy forms, reinsurance contracts, regulatory requirements, and changing legal landscape for casualty claims
Strong technical claims proficiency through consistent execution of best claim practices
Highly collaborative and proactive with strong interpersonal skills
Innovative mindset - looks for ways to improve property claim efficiencies and outcomes
Excellent verbal and writing skills for internal and external communication, presentations and reporting
Superior analytical thinking and negotiation skills
Ability to travel for mediations, settlement conferences, and client or account meetings. (25%)
Benefits
Health insurance coverage
Employee wellness program
Life and disability insurance
401k match
Retirement savings plan
Paid holidays
Paid time off (PTO)
Two options for your health insurance plan (PPO or High Deductible)
Prescription drug coverage (included in your health insurance plan)
Vision and dental insurance plans
Additional insurance coverages provided at no cost to you, such as basic life insurance equal to 1x annual salary and AD&D coverage that is equal to 1x annual salary
Short and Long Term Disability coverage
Supplemental Life and AD&D plans that you can purchase for yourself and dependents (includes Spouse/domestic partner and children)
Voluntary Benefit plans that supplement your health and life insurance plans (Accident, Critical Illness and Hospital Indemnity)
A robust 401k plan with up to a 5% employer match
A retirement savings plan that is 100% company funded
Paid time off that begins with 24 days each year, with more days added when you celebrate milestone service anniversaries
Eligibility to receive a yearly bonus as a Munich Re employee
A variety of health and wellness programs provided at no cost
Paid time off for eligible family care needs
Tuition assistance and educational achievement bonuses
A corporate matching gifts program that further enhances your charitable donation
Paid time off to volunteer in your community
Company
Munich Re Specialty - North America
Munich Re Specialty combines premier specialty expertise, capabilities, and products to offer partners and customers simplified access to a wide range of specialty insurance solutions and services.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Michael Kerner
Chief Executive Officer
Sabrina Hart
President and CEO
Company data provided by crunchbase