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Full-Time

Claims Specialist II

Confirmed live in the last 24 hours

Markel

Markel

1,001-5,000 employees

Specialty insurance and reinsurance provider

Fintech
Financial Services

Senior

No H1B Sponsorship

Richmond, VA, USA + 4 more

More locations: Chicago, IL, USA | Norridge, IL, USA | Alpharetta, GA, USA | Scottsdale, AZ, USA

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

Category
Insurance
Finance & Banking
Required Skills
Customer Service
PowerPoint/Keynote/Slides
Requirements
  • Bachelor’s degree or equivalent work experience
  • Adjusters’ license or legal license in at least one jurisdiction
  • Minimum 5 years of claims handling (or equivalent work) experience
  • Excellent written and oral communication skills
  • Strong analytical and problem solving skills
  • Strong organizational and time management skills
  • Intermediate skills in Microsoft Office products (Excel, Outlook, Power Point Word)
  • Ability to work in a team environment
  • Strong desire for continuous improvement
  • US Work Authorization required. Markel does not provide visa sponsorship for this position, now or in the future.
Responsibilities
  • Analyzes coverage and communicates coverage positions
  • Conducts, coordinates, and directs investigation into loss facts and extent of damages
  • Confirms coverage of claims by reviewing policies and documents submitted in support of claims
  • Drafts coverage position letters
  • Evaluates information on coverage, liability, and damages to determine the extent of insured's exposure
  • Handles claims in all jurisdictions
  • Handles litigated and non-litigated property damage claims with values up to $250,000
  • Handles non-litigated bodily injury claims with values up to $250,000 in all jurisdictions;
  • Handles smaller product liability and/or construction defect claims.
  • Identify losses which should be reported to SIU.
  • Participates in special projects or assists other team members as requested
  • Provides excellent and professional customer service to insureds while maintaining a high level of production.
  • Represents Markel in mediations, as required
  • Sets reserves within authority or makes recommendations concerning reserve changes to manager

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 find better solutions. The company's goal is to lead in their industry by understanding customer needs and delivering quality products and services while fostering a supportive work environment.

Company Stage

IPO

Total Funding

N/A

Headquarters

Glen Allen, Virginia

Founded

N/A

Simplify Jobs

Simplify's Take

What believers are saying

  • Recent investments from firms like Lighthouse Investment Partners and Swedbank AB indicate strong market confidence in Markel's growth potential.
  • Expansion into new office space in Plano, Texas, reflects Markel's ongoing growth and commitment to increasing its operational capacity.
  • Key hires and promotions, such as the appointment of a new Chief Strategy Officer, signal a robust leadership team focused on strategic growth.

What critics are saying

  • The specialized nature of Markel's insurance offerings may limit its market size compared to more diversified insurers.
  • Expansion efforts, such as those in Asia Pacific, require careful management to avoid overextension and ensure sustainable growth.

What makes Markel unique

  • Markel's focus on niche markets like agricultural risks, event cancellation, and inland marine coverage sets it apart from traditional insurers.
  • The company's commitment to innovation and flexibility allows it to adapt quickly to market changes, unlike more rigid competitors.
  • Markel's global presence and strategic hires in Asia Pacific enhance its ability to serve diverse markets with specialized insurance solutions.

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