Full-Time

Senior Claims Examiner

Construction

Posted on 12/20/2024

Markel

Markel

1,001-5,000 employees

Specialty insurance and reinsurance provider

Fintech
Financial Services

Compensation Overview

$71.9k - $115.1kAnnually

+ 15% Bonus Potential

Senior

No H1B Sponsorship

Summit, NJ, USA + 5 more

More locations: Tampa, FL, USA | Shrewsbury, NJ, USA | Canoga Park, Los Angeles, CA, USA | Chicago, IL, USA | New York, NY, USA

Hybrid working schedule of 3 days in the office and 2 days remote.

Category
Legal
Risk & Compliance
Legal & Compliance

You match the following Markel's candidate preferences

Employers are more likely to interview you if you match these preferences:

Degree
Experience
Requirements
  • Bachelor’s degree or equivalent work experience
  • JD preferred
  • Must have or be eligible to receive claims adjuster license
  • Minimum of 5 years of claims handling experience or equivalent combination of education and experience
  • Successful completion of 3 years as a Claims Examiner
Responsibilities
  • Confirms coverage of claims by reviewing policies and documents submitted in support of claims
  • Analyzes coverage and communicates coverage positions
  • Prepares coverage position letters on matters (without assistance of outside coverage counsel) and refers suspicious losses to SIU and assist in the investigation and settling of claim
  • Conducts, coordinates, and directs investigation into loss facts and extent of damages
  • Directs and monitors assignments to experts and outside counsel
  • Evaluates information on coverage, liability, and damages to determine the extent of insured's exposure
  • Sets reserves within authority or makes claim recommendations concerning reserve changes to manager
  • Negotiates and settles claims typically in litigation within authority
  • Presents at roundtables to senior claims leaders and underwriters on cases going to trial and provides advice/insight on others claims going to trial
  • Participates in special projects having an impact on the business. May be assigned project lead for larger projects
  • Represents Markel at mediations, trials, and conferences
  • Pulls and analyses loss information for business stakeholders and presents information during meetings with underwriters and/or insureds
  • Serves as a technical resource to underwriting and assists with drafting policy wording
  • Assists in training of new hires and provides assistance, guidance, and coaching to others within claims department
  • Provides input into maintenance of claims guidelines and best practice procedures
Desired Qualifications
  • Excellent written and oral communication skills
  • Strong analytical and problem solving skills
  • Strong organization and time management skills
  • Ability to work autonomously in a fast paced environment
  • Experience in negotiation, mediations and monitoring trials
  • Ability to influence claims stakeholders and to effectively direct claims strategy
  • Strong litigation management skills are required including the ability to provide direction and guidance to defense attorneys and other experts while controlling expenses
  • Ability to deliver outstanding customer service
  • Intermediate skills in Microsoft Office products (Excel, Outlook, Power Point, Word)
  • Knowledge of tort and contract law
  • Strong desire for continuous improvement

Markel provides specialty insurance, reinsurance, and investment services, focusing on hard-to-place risks in niche markets. Their offerings include coverage for agricultural and equine risks, reinsurance for large enterprises like oil rigs, event cancellation insurance, inland marine coverage for fine art, environmental pollution, and insurance for recreational vehicles such as yachts and motorcycles. Markel's products work by assessing unique risks and tailoring coverage to meet the specific needs of their clients. Unlike many competitors, Markel emphasizes a culture of integrity, teamwork, and continuous improvement, encouraging employees to innovate and adapt to changing market demands. The company's goal is to lead in their industry by understanding customer needs and providing high-quality service while fostering a supportive work environment.

Company Stage

IPO

Total Funding

N/A

Headquarters

Glen Allen, Virginia

Founded

1930

Simplify Jobs

Simplify's Take

What believers are saying

  • Increased demand for cyber insurance aligns with Markel's investment in Perseus Technologies.
  • Growing interest in ESG factors enhances Markel's environmental pollution coverage offerings.
  • Expansion of the gig economy presents opportunities for Markel to develop niche products.

What critics are saying

  • Increased competition in specialty insurance could erode Markel's market share.
  • Climate change-related claims may lead to higher payouts, impacting profitability.
  • Global economic uncertainty may affect investment returns crucial for Markel's financial health.

What makes Markel unique

  • Markel specializes in hard-to-place risks for niche markets like agriculture and equine.
  • The company offers unique coverage options such as event cancellation and inland marine.
  • Markel's investment in cybersecurity and tax insurance diversifies its specialty offerings.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Retirement Plan

401(k) Company Match

Paid Vacation

Hybrid Work Options

Employee Stock Purchase Plan

INACTIVE