Munich Re

Claims Adjuster, Commercial Equipment Breakdown, Toronto

Munich Re$89K — $104K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Post-secondary education preferred, with a university degree or CIP designation (completed or in progress).
  • 3-5 years of experience in commercial property or equipment breakdown claims.
  • Technical credentials and understanding of equipment breakdown considered an asset.
  • Exceptional negotiation, customer service, and relationship-building skills.
  • Strong analytical thinking with sound judgment abilities.
  • Excellent communication and presentation skills.
  • Proficient in Microsoft Office and claims management databases.
  • Valid Adjuster License for multiple provinces is preferred; bilingual (French/English) is a valuable asset.

Responsibilities

  • Handle full-cycle claims from First Notice of Loss to final settlement.
  • Advise insured parties on claims issues and provide prompt service.
  • Appoint and lead experts to support claims investigations.
  • Negotiate settlements and address claims challenges.
  • Engage with insureds and client companies for effective claim resolutions.

Benefits

  • Engaging and collaborative environment promoting continuous learning.
  • Hybrid work model with both in-office and remote days.
  • Comprehensive health and dental benefits starting day one.
  • Flexible spending for Health and Wellness Accounts.
  • Wellness program for mental, physical, and financial support.
  • Participation in a pension plan with employer contribution based on tenure.
  • Generous paid time off including vacation, personal days, and holidays.
  • Access to learning resources, including LinkedIn Learning and professional development programs.
Full Job Description
Primary Objectives:

HSB is currently seeking an experienced professional to join our team of experts as a Claims Adjuster in our office located in downtown Toronto . The right professional for this opportunity is client focused, self- driven, and enjoys utilizing their technical expertise to resolve equipment breakdown claims in a prompt and helpful manner. Come partner with our team and act as a key HSB liaison as we continue to strategically strengthen HSB's claims capabilities and our clients' experiences.

Key Responsibilities:
• Full-cycle claims handling, from First Notice of Loss to final settlement and payment.
• Effectively advise the insured on issues related to claims and provide prompt service and quality.
• Appoint and lead experts in support of the investigation of claims.
• Negotiate settlements and other challenges to resolve claims.
• Interact with insureds and client company to provide advice and guidance towards effective resolution of claims.

Qualifications:
• A minimum of post-secondary education is preferred.
• University degree and/or CIP designation (completed or in progress).
• 3-5 years of experience in commercial property or equipment breakdown claims.
• Technical credentials and/or a strong understanding of equipment breakdown are considered an asset
• Exceptional negotiation skills, combined with excellent customer service and relationship-building abilities.
• Strong analytical thinking and the ability to exercise sound judgment.
• Excellent communication, presentation, and negotiation skills. • Ability to work both independently and collaboratively within a team.
• Proficient in Microsoft Office and claims management databases.
• Possession of a valid Adjuster License to handle claims in multiple provinces (e.g., New Brunswick, Nova Scotia) is preferred.
• Bilingual proficiency in French and English is a valuable asset.

Company Benefits:

Together, we engage with everything we have and are, to help humankind act braver and better. Go further with HSB. We are pleased to offer our employees great benefits and resources to support their mental, physical and financial wellbeing. These include:
• An engaging and collaborative environment that promotes continuous learning and development
• A hybrid work environment that combines weekly in-office and remote days
• A great compensation package including an annual company bonus
• Competitive company-paid flexible health and dental benefits, starting on your first day
• Flexible dollars provided by the company to put towards a Health Spending Account and/or Wellness Spending Account
• Wellness program with tools and resources supporting your mental, physical, and financial wellbeing - on and off the job
• Participation in the DC Pension Plan with a progressive employer contribution scale based on tenure starting at 4%, plus optional company match in the RRSP plan • Generous time off including vacation, personal days, unplanned time, Statutory Holidays and company-wide early closure half-days
• Learning and development programs and resources, including unlimited access to LinkedIn Learning, Education Assistance Program, and reimbursement for professional fees
• Employee Referral Program and Recognition Program

Our base salary range for this role is between $89000 and $104000 per year , plus an opportunity for an annual company bonus based upon a percentage of eligible pay. The salary estimate displayed represents the typical salary range for candidates hired in this position. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have and comparison to internal equity. This role is located in our Toronto office on 390 Bay St, and we operate in a hybrid work model. This job posting is for an existing vacancy.

We do not use AI in our recruitment process - applications are reviewed by our team to ensure a fair and personalized experience.

About Munich Re

Munich Re is a leading global provider of reinsurance, primary insurance and insurance-related risk solutions. The company is headquartered in Munich, Germany. Munich Re operates in all lines of insurance and has a presence in all major markets worldwide. Munich Re's business model is based on the combination of primary insurance and reinsurance under one roof. The company has three business segments: reinsurance, primary insurance, and Munich Health. Munich Re's global premium income amounted to ?54.5 billion in 2020.
Learn more about Munich Re
Size
41,000 employees
Industry

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