Claims Specialist

Sompo International Holdings Ltd.

$70K — $120K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • College degree required.
  • 2-3 years of insurance casualty claims experience.
  • Proven record of managing low to moderate severity claims efficiently.
  • Strong written and verbal communication skills.
  • Experience handling excess claims.
  • Technical skills in commonly used claims systems and office software.

Responsibilities

  • Review new claims for exposure and route them accordingly.
  • Provide coverage and analytical analysis on potential exposures.
  • Communicate with management and underwriters on new losses.
  • Manage assigned counsel and execute strategy for litigated claims.
  • Proactively manage correspondence and maintain claim files.
  • Maintain expertise in claim and industry-related matters.

Benefits

  • Two medical plan options including a Traditional PPO and Consumer Driven Health Plan.
  • Pharmacy benefits with mail order options.
  • Dental benefits including orthodontia for adults and children.
  • Vision benefits included.
  • Flexible Spending Accounts for Health Care & Dependent Care.
  • Company-paid Life & AD&D benefits with optional supplemental coverage.
  • Competitive paid-time-off programs and company-paid holidays.
  • 401(k) Retirement Savings Plan with employer contributions.
  • Competitive Parental Leave and Adoption Assistance program.
  • Tuition Reimbursement and support for Professional Qualifications.
Full Job Description
Job Description

Are you looking for your next opportunity?

Sompo has a unique opportunity for a Claims Specialist in our US Casualty Claims team.

Location: This position will be based out of our Alpharetta, GA, Dallas, TX, New York, NY, Charlotte, NC, Garden City, NY, Purchase NY or Morristown, NJ office. We strive for collaboration which is why we offer a work environment where our employees thrive and develop long lasting careers.

Our business, your impact, our opportunity

What you'll be doing:
  • Review newly reported claims for potential exposure and route these claims according to triage/routing rules, including follow-up investigation for needed information, while maintaining an inventory of low severity primary and excess liability claim files and moderate complexity coverage files.
  • Provide coverage and analytical analysis of potential exposures, including liability and damages analysis, and establish appropriate reserves.
  • Communicate appropriate responses to management and underwriters on new losses. Support underwriters and actuaries.
  • Manage counsel where assigned; develop and execute strategy to control expenses and resolve litigated claims. Effectively represent the company's interests in meetings and negotiations.
  • Proactively manage correspondence, claim files, and maintain a current diary in compliance with company standards.
  • Maintain a high level of claim and industry related expertise in order to assure technical competency and communicate to team members regarding significant issues and relevant changes.

What you'll bring:
  • College degree required.
  • 2-3 years insurance casualty claims experience with a proven record of effectively and efficiently managing a high volume of low to moderate severity claims including coverage analysis and drafting coverage letters; early recognition of potential exposure; assessing and pursuing risk transfer opportunities; driving claim files to best outcomes.
  • Strong written and verbal communications skills and ability to establish and expand working relationships with other departments.
  • Experience handling excess claims.
  • Technical skillsets in commonly used claims systems and general office software (MS Word, Excel, Outlook)
  • Strong ability to efficiently prioritize tasks and work autonomously as well as within a team.


Salary Range: $70,000 - $120,000. Actual compensation for this role will depend on several factors including the cost of living associated with your work location, your qualifications, skills, competencies, and relevant experience.

At Sompo, we recognize that the talent, skills, and commitment of our employees drive our success. This is why we offer competitive, high-quality compensation and benefit programs to eligible employees.

Our compensation program is built on a foundation that promotes a pay-for-performance culture, resulting in higher incentive awards, on average, when the Company does well and lower incentive awards when the Company underperforms. The total compensation opportunity for all regular, full-time employees is a combination of base salary and incentives that gets adjusted upfront based on overall Company performance with final awards based on individual performance.

We continuously evaluate and update our benefit programs to ensure that our plans remain competitive and meet the needs of our employees and their dependents. Below is a summary of our current comprehensive U.S. benefit programs:

  • Two medical plans to choose from, including a Traditional PPO & a Consumer Driven Health Plan with a Health Savings account providing a competitive employer contribution
  • Pharmacy benefits with mail order options
  • Dental benefits including orthodontia benefits for adults and children
  • Vision benefits
  • Health Care & Dependent Care Flexible Spending Accounts
  • Company-paid Life & AD&D benefits, including the option to purchase Supplemental life coverage for employee, spouse & children
  • Company-paid Disability benefits with very competitive salary continuation payments
  • 401(k) Retirement Savings Plan with competitive employer contributions
  • Competitive paid-time-off programs, including company-paid holidays
  • Competitive Parental Leave Benefits & Adoption Assistance program
  • Employee Assistance Program
  • Tax-Free Commuter Benefit
  • Tuition Reimbursement & Professional Qualification benefits


Life at Sompo page

Our values come to life in how we hire and grow talent. Employment decisions are based on qualifications, merit, and organizational need, and we strive to ensure equitable access to opportunities so everyone can do their best work.

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