Senior Reinsurance Claims Specialist-Public Entity
Munich Re Specialty - North America, Princeton
Senior Reinsurance Claims Specialist-Public Entity
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Senior Reinsurance Claims Specialist-Public Entity
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Senior Reinsurance Claims Specialist
The Company is open to considering candidates in numerous locations, including Princeton, Philadelphia, Chicago, NYC, and San Francisco.
Company
Munich Re Specialty - North America
Location
Princeton , United States
Senior Reinsurance Claims Specialist
The Company is open to considering candidates in numerous locations, including Princeton, Philadelphia, Chicago, NYC, and San Francisco.
We are adding to our diverse team of experts and are looking to hire those who are committed to building a culture that enables the creation of innovative solutions for our business units and clients.
The Company
Munich Re Specialty - North America provides extensive, specialty property and casualty insurance solutions to customers through select brokers, Managing General Agents, program administrators, cover holders and insurtech partners. Products include: property, casualty, professional liability and other specialty insurance solutions. Our comprehensive, customized solutions are provided by A+ rated carriers and are tailored to clients needs. We offer superior service levels, industry-recognized underwriting and claims expertise and innovative approaches to complex and evolving risks.
Munich Re Specialty - North America is a description for the insurance business operations of affiliated companies in the Munich Re Group that share a common directive to offer and deliver specialty property and casualty insurance products and services in North America. For more information on Munich Re Specialty North America, including licensing, regulatory-required, and other information on the operating companies, visit Munich Re Specialty - North America Disclosures
The Opportunity
Future focused and always one step ahead!
The Senior Reinsurance Claims Specialist is a critical role in our growing Public Entity team as part of the Core Claims team. They will be responsible for administering the Companys rights under various reinsurance contracts pertaining to underlying third-party casualty claims and litigation, to evaluate and determine appropriate reserves on a timely basis and providing superior client customer service.
Responsibilities
- Proactive management of claims, considering all aspects with a strategic vision for optimal claim outcome and total cost of claim mindset.
- Continual claim evaluation to set appropriate, timely reserves over the life of the claim to reflect changes in exposure.
- 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.
- Other assignments and projects as needed.
- Minimum bachelors degree or relevant experience
- 10+ years claims-handling experience
- Experience in Public Entity or relevant lines of business a plus.
- In-depth understanding of coverage issues, policy forms, reinsurance contracts, regulatory requirements, and changing legal landscape for casualty claims.
- Highly technical, analytical and critical thinking ability to properly determine coverage and liability.
- 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 conferences, client or account meetings, and audits. (25%)
The base salary range anticipated for this position is $99,700 - $166,100 , plus opportunity for company bonus based upon a percentage of eligible pay. In addition, the company makes available a variety of benefits to employees, including health insurance coverage, an employee wellness program, life and disability insurance, 401k match, retirement savings plan, paid holidays and paid time off (PTO).
The salary estimate is adjusted to reflect the varying market conditions across different locations, with the with the higher end being more aligned with the New York City and San Francisco job market. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have and comparison to other employees already in this role. Most candidates will start in the bottom half of the range.
At Munich Re, we see Diversity, Equity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.
We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
About
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Seniority level
Seniority level
Mid-Senior level
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Employment type
Full-time
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Finance and Sales-
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