Senior Claim Specialist at Chubb

Posted in General Business 13 days ago.

Type: Full-Time
Location: Jersey City, New Jersey





Job Description:

JOB DESCRIPTION

The Senior Claim Specialist, under moderate direction from the manager, investigates and settles claims promptly, equitably, and within established best practices guidelines.


  • Responsible for investigating; settling high exposure, high risk Employment Practices Claims.
  • Ensure a high level of customer service and claim file quality.
  • Identifying and evaluating coverage issues, preparing comprehensive coverage letters and analysis, retaining and managing coverage counsel through trial, and developing and managing strategy for complex coverage litigation.
  • Evaluating exposure through an in-depth analysis of legal and factual issues, retaining and managing litigation counsel through trial, developing and managing strategy for complex litigation.
  • Attending arbitrations, mediations, trials.
  • Developing resolution strategies and negotiating settlements.
  • Reviewing legal budgets and legal and third-party vendor's bills.
  • Presenting litigation strategy for complex litigation to senior claims management and underwriting staff.
  • Support business leaders on an as needed basis on various claim and underwriting related issues and marketing meetings.
Duties may include, but are not limited to:

  • Day-to-day handling of substantial caseload of line of employment practices liability claims.
  • Confirm coverage of claims by reviewing policies and documents submitted in support of claims.
  • Analyze coverage and communicate coverage positions, as warranted, under direction of supervisor and coverage unit.
  • Conduct, coordinate, and direct investigation into loss facts and extent of third-party damages.
  • Direct and monitor assignments to experts and underlying defense counsel.
  • Evaluate information on coverage, liability, and damages to determine the extent of insured's exposure.
  • Set reserves within authority or make claim recommendations concerning reserve changes to supervisor.
  • Report to reinsurers and facilitate the prompt collection of reinsurance on those matters where they are accountable.

ABOUT US

Chubb is a world leader in insurance. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.

At Chubb, we are committed to equal employment opportunity and compliance with all laws and regulations pertaining to it. Our policy is to provide employment, training, compensation, promotion, and other conditions or opportunities of employment, without regard to race, color, religious creed, sex, gender, gender identity, gender expression, sexual orientation, marital status, national origin, ancestry, mental and physical disability, medical condition, genetic information, military and veteran status, age, and pregnancy or any other characteristic protected by law. Performance and qualifications are the only basis upon which we hire, assign, promote, compensate, develop and retain employees. Chubb prohibits all unlawful discrimination, harassment and retaliation against any individual who reports discrimination or harassment.





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