drjobs Director Liability Claims

Director Liability Claims

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1 Vacancy
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Job Location drjobs

Rutherford, NJ - USA

Monthly Salary drjobs

Not Disclosed

drjobs

Salary Not Disclosed

Vacancy

1 Vacancy

Job Description

Company Details

Berkley Luxury Group has been a mainstay in the commercial real estate and hospitality business since 1986. We specialize in luxury condominiums cooperatives and apartments in the habitational space Class A Office buildings and fine dining restaurants in the hospitality space. BLG maintains a standard of prompt and fair settlement of claims and endeavors to treat insureds and brokers in a partnershiplike manner.

BLG has developed a strategic plan to grow their success by expanding their footprint geographically and adding complementary products. At BLG there is a shared vision to be the best option for its customers. We aim to provide comprehensive insurance solutions use enhanced data and technology to make more informed decisions and rely on a fieldbased underwriting claims and loss control model to be closer to our customers and brokers. Our goal is to provide superior services and products to these unique businesses.

At Berkley Luxury Group our employees are our most important asset. We recognize that if we properly support and develop our employees they will become our primary sustainable competitive advantage and the key to achieving success. As such we have created a high performing culture incorporating our values into work practices policies and processes to foster reinforce and sustain an environment where employees share a strong sense of purpose commitment and motivation to meet and exceed their goals.

As a Berkley company we enjoy operational flexibility that allows us to deliver quality coverage solutions. W. R. Berkley Corporation and all member insurance companies are rated A (Superior) by A.M. Best Company and carry Standard & Poors Financial Rating of A (Strong).

The company is an equal employment opportunity employer.

Responsibilities

Berkley Luxury is seeking an experienced commercial general liablity claims examiner. This role is located in our Northern NJ office on a hybrid schedule.

Under supervision of a member of the Claims Management teams Investigates evaluates monitors and resolves assigned claims in accordance with company standards procedures and regulatory requirements.

  • Manages claim files from inception to closure including coverage analysis liability and damages investigation evaluation and resolution with management supervision.
  • Reviews and sets up new loss assignments
  • Establishes appropriate initial loss and expense reserves and continually evaluates the file for adequacy accuracy and adherence to reserving guidelines
  • Analyzes and interprets policy language in conjunction with specific loss facts to reach appropriate coverage decisions.
  • Drafts coverage correspondence including reservations of rights and coverage disclaimers in compliance with state statutes and regulations
  • Proactively negotiates settlements with insureds and third parties using an object approach to claims resolution
  • Composes correspondence to insureds claimants attorneys agents and regulatory agencies.
  • Appropriately and clearly documents all claim file activity including current strategy plan of action and exit plan
  • Works with manager to direct and control the activities and costs of outside vendors including independent adjusters experts and attorneys
  • Effectively presents and discusses loss facts issues and recommendations in department discussions and meetings
  • Composes Large Loss Reports and other detailed reporting documents as appropriate on a regular and timely basis
  • May participate in projects and other corporate initiatives such as audits task forces focus groups etc.
  • Analyzes and pursues risk transfer opportunties
  • Other duties as required

#LIRS1

Qualifications

  • Bachelors degree or equivalent experience
  • JD degree a plus
  • 7 years of claims related experience in the Property and Casualty insurance industry
  • Strong written and verbal communication skills. Strong presentation skills.
  • Ability to read analyze and interpret general business periodicals professional journals technical procedures or governmental regulations.
  • Ability to write reports business correspondence and procedure manuals.
  • Ability to effectively present information and respond to questions from groups of managers clients customers and the general public.
  • Excellent problemsolving skills with the ability to define problems collect data establish facts and draw valid conclusions. Ability to interpret an extensive variety of technical instructions and deal with several abstract and concrete variables.
  • Demonstrated knowledge of a paperless Claims environment.
  • Demonstrated proficiency in MS Word and Excel.

Additional Company Details

We do not accept any unsolicited resumes from external recruiting agencies.

The company offers a competitive compensation plan and robust benefits package for full time regular employees.

The actual salary for this position will be determined by a number of factors including the scope complexity and location of the role; the skills education training credentials and experience of the candidate; and other conditions of employment.

Required Experience:

Director

Employment Type

Unclear

Company Industry

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