Berkely Heights, New Jersey
Sr. Claims Specialist #1023586Job Description:
Duties and Responsibilities:
- Directly handle, manage and/or oversee commercial and financial lines Public and Private D&O, Financial Institutions E&O, EPL, Fiduciary and Crime/Fidelity claims.
- Handle claims in accordance with Claim Handling Best Practices in all phases of the claim including through initial contact, investigation of the claim, evaluation the claim for coverage and reserving for exposure, and in the resolution and documentation of claims.
- Provide top-notch customer service through all interactions and communications including with internal and external customers and business partners.
- Review and evaluation of policies to determine coverage.
- Resolve coverage-related matters working collaboratively with outside counsel when necessary.
- Complete written reports and present claims to management, underwriting, actuary and reinsurers on claim developments as needed.
- Adhere to all statutory regulations and Unfair Claims Practices Acts.
- Consistently communicate claim developments, exposure analyses and requests for authority to claims management.
- Participate in mediations, settlement conferences and otherwise see claims through to resolution.
- Work closely with underwriting and other business partners to review, analyze, and communicate claim trends and help develop policy language.
- Along with underwriting, attend current and prospective meetings with insureds and brokers.
- Work with and manage outside vendors, including outside attorneys to manage budgets and oversee litigation.
Qualifications
- Minimum of 6 to 10 years’ experience at either a specialty insurance carrier and/or law firm.
- Significant public/private D&O, E&O or EPL experience. Experience with program claims and working with MGU and MGA platforms in a claim capacity.
- Bachelor’s degree and Juris Doctor from an accredited law school required.
- Candidates will be required to obtain and maintain insurance adjuster licenses.
- Excellent written communication skills.
- Excellent verbal and interpersonal communication skills, resulting in the ability to interact with all levels of management and employee population.
- Strong analytic, investigative, listening and negotiation skills.
- Experience multi-tasking, prioritizing work and working effectively in a team environment, while maintaining attention to detail.
- Experience working in a fast-paced environment, completing work with limited supervision.
- Experience with Microsoft Windows, Outlook, and Excel or transferable software packages.
- Ability and willingness to travel as needed.
- Ability to be onsite in office 4 days a week as per corporate policy
Qualifications
Work Requirements
- The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.
- Ability to work effectively in an office, hybrid, or remote work environment for 40+ hours per week (including sitting, standing, and working on a computer for extended periods of time).
- Ability to communicate effectively in a collaborative work environment utilizing various technologies such as: telephone, computer, web, voice, teleconferencing, e-mail, etc.
- Ability to travel as required.
Additional Information:
At FastTek Global, Our Purpose is Our People and Our Planet. We come to work each day and are reminded we are helping people find their success stories. Also, Doing the right thing is our mantra. We act responsibly, give back to the communities we serve and have a little fun along the way.
We have been doing this with pride, dedication and plain, old-fashioned hard work for 24 years!
FastTek Global is a financially strong, privately held company that is 100% consultant and client focused, operating in nearly half of the states in the U.S., Europe and India.
We've differentiated ourselves by being fast, flexible, creative and honest. Throw out everything you've heard, seen, or felt about every other IT Consulting company. We do unique things and we do them for Fortune 10, Fortune 500, and technology start-up companies.
Our benefits are second to none and thanks to our flexible benefit options you can choose the benefits you need or want, options include:
- Medical and Dental (FastTek pays majority of the medical program)
- Vision
- Personal Time Off (PTO) Program
- Long Term Disability (100% paid)
- Life Insurance (100% paid)
- 401(k) with immediate vesting and 3% (of salary) dollar-for-dollar match
Plus, we have a lucrative employee referral program and an employee recognition culture.
FastTek Global was named one of the Top Work Places in Michigan by the Detroit Free Press in 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, and 2023!
To view all of our open positions go to: https://www.fasttek.com/fastswitch/findwork
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