Senior Claims Specialist Construction Defect

Vela Insurance Services provides specialized Excess and Surplus Lines Casualty and Professional Liability insurance solutions in the following market segments: Construction Specialty Casualty & Professional Liability. We offer national service and local knowledge to our exclusive wholesale broker network and the businesses they serve.

In this role the Construction Defect claims professional investigates evaluates negotiates and resolves litigated and non-litigated claims of high exposure and complexity with significant experience/Focus on specialized claims in the area of construction defect with complex coverage and litigated claims.

The Senior Claims Specialist role can be located in our Atlanta GA or Scottsdale AZ offices or surrounding locations. This individual must be capable of working under limited supervision and working with a remote manager.

• Analyze coverage identify coverage issues and prepare coverage letters for supervisor approval
• Investigate and evaluate liability
• Investigate and evaluate damages
• Manage litigation by assigning counsel from the approved panel where applicable establish litigation plan and budget coordinate with defense counsel and continuously review the potential for resolution.
• Establish timely reserves within authority and re-evaluate throughout the life of the claim
• Maintain up-to-date appropriate file documentation and written file notes
• Maintain an active diary and productive file inventory
• Timely completion of all required large loss reporting
• Negotiate settlements within authority limit granted and attend mediations Mandatory Settlement Conferences and/or Alternative Dispute Resolutions
• Proactively control the work product and expense of outside vendors
• Develop and maintain positive customer relationships and provide superior customer service
• Timely identify all potential opportunities for co-insurance transfer of risk and/or subrogation
• Ability to Work with designated assigned accounts
• Recognize and investigate fraud
• Comply with deductible/self-insured retention recovery protocol
• Meet and maintain all State licensing requirements at all times (see qualifications below)
• Adhere to all statutory regulations Unfair Claims Practices acts and corporate Best Practices

All other duties as assigned

• Four (4) year College Degree or commensurate experience and training
• AIC SCLA CRIS or other similar industry designations preferred
• Eight (8) or more years claims handling experience or equivalent experience.
• Strong writing and analytical skills
• In-depth knowledge of the insurance industry including legal and regulatory environments.
• A strong functional and developing knowledge of substantive laws and legal procedures particularly in the Construction Defect space.
• Applicable adjusters license(s) to include: CA CT DE FL KY LA NH NM NC OK RI SC TX VT WV WY