Join to apply for the Claims Representative III role at Key Risk (a Berkley Company)
5 days ago Be among the first 25 applicants
Join to apply for the Claims Representative III role at Key Risk (a Berkley Company)
Get AI-powered advice on this job and more exclusive features.
Company Details
With over 35 years of proven expertise in the workers' compensation industry, Key Risk delivers innovative and responsive solutions that provide our clients the freedom to do what they do best. Offering guaranteed cost options to employers nationwide, Key Risk focuses on delivering products and services within specialized verticals to reduce workers' compensation exposures and deliver industry-leading results.
Company Details
With over 35 years of proven expertise in the workers' compensation industry, Key Risk delivers innovative and responsive solutions that provide our clients the freedom to do what they do best. Offering guaranteed cost options to employers nationwide, Key Risk focuses on delivering products and services within specialized verticals to reduce workers' compensation exposures and deliver industry-leading results.
All products and services are distributed through appointed insurance agents and brokers. Key Risk is a member company of W. R. Berkley Corporation, whose insurance company subsidiaries are rated A+ (Superior), Financial Size Category XV by A.M. Best Company and A+ (Strong), by S&P.
For further information about Key Risk please visit
Responsibilities
The company is an equal opportunity employer.
The Workers Compensation Claims Representative III is responsible for the analysis and management of complex workers compensation claims. This position will review, investigate, and make decisions regarding coverage, compensability, and appropriateness of claims. The position will process, and document claims to ensure compliance with company standards, industry best practices, and legislative provisions. Acts in a fiduciary role on behalf of policyholders and negotiates claim settlements. Claims Representative III conducts the handling of claims in the utmost of good faith in compliance with the rules, regulations and state statutes. The Claims Representative III is expected to function with a high degree of competency. The use of sound judgment coupled with technical claim handling skills and consistent results are expected .
Key Functions Will Include But Not Be Limited To
- Analyzes and processes workers compensation claims by investigating and gathering information to determine the exposure on the claim.
- Negotiate settlement of claims up to designated authority level and makes claims payments.
- Calculates and assigns timely an appropriate reserves to claims and continues to manage reserve adequacy throughout the life of the claim.
- Calculates and pays benefits due; approves all claim payments; and settles claims within designated authority level.
- Develops and manages claims though well-developed action plans; continues to work the action plan to bring the claim to an appropriate and timely resolution.
- Prepares necessary state filings within statutory limits.
- Actively manages the litigation process; ensures timely and cost-effective claims resolution.
- Coordinates vendor referrals for additional investigation and/or litigation management.
- Uses appropriate cost containment techniques including strategic vendor partnerships to reduce overall cost of claims.
- Frequently communicates with all appropriate parties involved with the claim.
- Maintains professional client relationships.
- Actively executes appropriate claims activities to ensure consistent delivery of quality claims services.
- 3+ years of MD and DC workers compensation claims handling experience preferred
- In depth knowledge of appropriate insurance principles and laws of workers compensation, preferably jurisdiction specific.
- May be required to obtain Adjuster license for other jurisdictions
- Strong written and verbal communication skills.
- Strong interpersonal, time management and organizational skills.
- Strong negotiation skills.
- Proven critical thinking skills that demonstrates analysis/judgment and sound decision making with focus on attention to detail.
- Ability to perform with a sense of urgency.
- Ability to work both independently and within a team environment.
- Ability to travel for business purposes, approximately less than 10%.
We do not accept any unsolicited resumes from external recruiting agencies or firms.
Benefits
The company offers a competitive compensation plan and robust benefits package for full time regular employees which for this role include:
- Base Salary Range: $70,000 $85,000
- Eligible to participate in annual discretionary bonus.
- Benefits: Health, Dental, Vision, Life, Disability, Wellness, Paid Time Off, 401(k) and Profit-Sharing plans.
Sponsorship Details
Sponsorship not Offered for this Role
Seniority level
Seniority level
Associate
Employment type
Employment type
Full-time
Job function
Job function
Finance and Sales-
Industries
Financial Services and Insurance
Referrals increase your chances of interviewing at Key Risk (a Berkley Company) by 2x
Get notified about new Claims Representative jobs in Washington, DC .
Maryland, United States $57,500.00-$61,500.00 1 day ago
Maryland, United States $57,500.00-$61,500.00 1 day ago
Independent Insurance Claims Adjuster in Riverdale, Maryland
Maryland, United States $56,000.00-$60,000.00 1 day ago
Independent Insurance Claims Adjuster in Capitol Heights, Maryland
Independent Insurance Claims Adjuster in Fairfax, Virginia
Maryland, United States $57,500.00-$61,500.00 1 day ago
Independent Insurance Claims Adjuster in Gaithersburg, Maryland
Independent Insurance Claims Adjuster in Oxon Hill, Maryland
Independent Insurance Claims Adjuster in Millersville, Maryland
Bethesda, MD $53,400.00-$72,000.00 2 days ago
Independent Insurance Claims Adjuster in Arlington, Virginia
Independent Insurance Claims Adjuster in Laurel, Maryland
Maryland, United States $61,400.00-$72,200.00 1 month ago
Independent Insurance Claims Adjuster in Rockville, Maryland
Independent Insurance Claims Adjuster in Springfield, Virginia
Independent Insurance Claims Adjuster in Clinton, Maryland
Maryland, United States $31.00-$35.00 3 weeks ago
Maryland, United States $61,400.00-$72,200.00 1 month ago
Independent Insurance Claims Adjuster in Great Falls, Virginia
Independent Insurance Claims Adjuster in Clifton, Virginia
Independent Insurance Claims Adjuster in Chantilly, Virginia
Independent Insurance Claims Adjuster in Columbia, Maryland
Were unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.
#J-18808-Ljbffr