NJM Insurance Group

Commercial Claims Specialist II

NJM Insurance Group$81K — $94K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 3-8 years of claims experience with litigated and non-litigated property damage and bodily injury claims
  • Knowledge of BOP, CA, and CGL policies
  • Ability to resolve claim exposures according to law and company guidelines
  • Effective communication and customer service skills
  • Proven problem-solving and negotiation abilities

Responsibilities

  • Review all open exposures regularly, focusing on investigation and accuracy of file reserves
  • Investigate and analyze assigned property damage and bodily injury claims for prompt resolution
  • Keep supervisor informed on claims progress as necessary
  • Handle coverage issues requiring Reservation of Rights and coverage declination letters

Benefits

  • 401(k) with employer match up to 8% and service-based contributions
  • Health, Dental, and Vision insurance
  • Life and Disability coverage
  • Generous PTO and Paid Sick Leave
  • Paid parental leave in addition to state-mandated leave
  • Eligibility for discretionary bonuses
Full Job Description
The Commercial Claims department is seeking a Commercial Claims Specialist II. A Claims Specialist handles all lines of Commercial business including coverage issues and litigation exposures. The Commercial Claims Specialist II is a disciplined self-starter with outstanding communication & customer service skills. Has developed coverage skills, negotiation experience, and is a creative & analytic proactive problem solver. Also, can prioritize work assignments, is an independent worker but can work as a member of the team. Individuals should be decisive, "own" the decisions they make, and the work produced, responsible, dependable and developing presentation skills.

Schedule: Monday-Friday, specific hours are subject to selected start times between 8:00am-9:00am pending supervisory approval.

Essential Duties and Responsibilities: Essential functions of this job are listed below in order of priority. Reasonable accommodations may be made to enable individuals to perform the essential duties. Regular and predictable onsite attendance is an essential function of the job.
  • Regular reviews of all open exposures, including input from the supervisor as needed, focusing on the investigation and the accuracy of the file reserves. Has experience with coverage issues requiring Reservation of Rights and coverage declination letters.
  • Investigate, review, analyze and evaluate the assigned property damage and bodily injury claims expeditiously (and if necessary, through the litigation process) in preparation for prompt resolution. Will keep the supervisor informed on claims progress as needed.
  • Has experience with coverage issues requiring Reservation of Rights and coverage declination letters.


Required Qualifications: Knowledge, skills & abilities, experience, minimum & desired education, certification and/or license requirements.
  • A minimum 3-8 years of claims experience, this should include handling litigated and non-litigated property damage and bodily injury claims related to BOP, CA and CGL policies.
  • Initiates appropriate action to review coverage and proactively resolve all claim exposures in a manner consistent with existing law, license and company guidelines.
  • High School Diploma or GED equivalent.


Preferred Qualifications:
  • Other insurance designations.


Compensation: Salary is commensurate with experience and credentials.
Pay Range: $81,124-$94,141

Eligible full-time employees receive a competitive Total Rewards package, including but not limited to a 401(k) with employer match up to 8% and additional service-based contributions, Health, Dental, and Vision insurance, Life and Disability coverage, generous PTO, Paid Sick Leave, and paid parental leave in addition to state-mandated leave. Employees may also be eligible for discretionary bonuses.

About NJM Insurance Group

NJM Insurance Group is a mutual insurance company that provides personal and commercial insurance products to customers in New Jersey and Pennsylvania. The company was founded in 1913 and has since grown to become one of the largest auto insurance providers in New Jersey. NJM Insurance Group is known for its exceptional customer service and commitment to safety, offering policyholders access to a variety of resources and tools to help them stay safe on the road. The company is also committed to giving back to the community and supports a variety of charitable organizations and initiatives.
Learn more about NJM Insurance Group
Size
2,300 employees
Industry

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