Zurich North America is seeking an accomplished Workers' Compensation Senior Claims Specialist to join our Northeast Region team. This opportunity offers a hybrid work schedule from our Parsippany, NJ or Boston, MA offices, or the flexibility to work fully remotely from one of the following states dependent on location: Maine, Vermont, New Hampshire, Massachusetts, Connecticut, Rhode Island, New York, Pennsylvania, New Jersey, Virginia, Washington, D.C., or Delaware.
The Senior Workers Compensation Claims Specialist will handle multi-party commercial line Workman's Compensation claims of moderate to high exposure and complexity within specific authority limits, to ensure that claims are handled in the most efficient, effective way while delivering a customer-centric claims service.
In this role you will be responsible for:
- Document claims file by accurately capturing and updating claims data/information in compliance with best practices for single and multi-party personal or commercial line claims of moderate to high exposure and complexity.
- Exercise judgment to determine liability by gathering and analyzing relevant facts; utilizing applicable law; establishing basic principles of negligence.
- Exercise judgment to determine policy verification and coverage determination by analyzing applicable coverage for claims and determining whether the loss falls within the coverage.
- Work to have a timely resolution to claims by developing case strategy; developing a case evaluation; escalating issues as appropriate.
- Establish timely reserves and perform ongoing review throughout claims cycle within authority limit by estimating and validating value of claims.
- Assess damages by calculating applicable damages or range of damages allowed by law.
- Negotiate settlement of claim by establishing appropriate negotiation strategy and utilizing available tools and resources within authority limits.
- Meet quality standards by following best practices
Basic Qualifications:
- Bachelor's Degree and 6 or more years of experience in the Claims and/ or Litigation Management area.
OR - Juris Doctor and 2 or more years of experience in the Claims and/ or Litigation Management area.
OR - Zurich Certified Insurance Apprentice, including an Associate Degree with 6 or more years of experience in the Claims and/ or Litigation Management area.
OR - Completion of Zurich Claims Training Program and 6 or more years of experience in the Claims and/ or Litigation Management area.
OR - High School Diploma Equivalent and 8 or more years of experience in the Claims and/ or Litigation Management area.
AND - Must obtain and maintain required adjuster license(s)
- Microsoft Office experience
- Knowledge of insurance regulations, markets and products
Preferred Qualifications:
- 6+ years of experience in the Workers Compensation line of business
- 6+ years of experience handling litigation management
- Specializing in some combination of the following jurisdictions of NJ, NY, PA, VA, DC or DE
- Learn and handle additional jurisdictions as needed
- EDI filing requirements
- MSA/Medicare knowledge
- WCCA, WCCP Designations
- Knowledge and skill of claims handling
- Negotiation experience
- Experience in line of business
- Excellent communication skills
- Analytical skills
Your pay at Zurich is based on your role, location, skills, and experience. We follow local laws to ensure fair compensation. You may also be eligible for bonuses and merit increases. If your expectations are above the listed range, we still encourage you to apply your unique background matters to us.
The pay range shown is a national average and may vary by location. The proposed Salary range for this position is {$75,800-124,100.00, with short-term incentive bonus eligibility set at 15%.
We offer competitive pay and comprehensive benefits for employees and their families. [Learn more about Total Rewards here.]
Location(s): AM - Parsippany, AM - Boston, AM - Connecticut Virtual Office, AM - Delaware Virtual Office, AM - Maine Virtual Office, AM - Massachusetts Virt. Office, AM - New Hampshire Virt. Office, AM - New York Virtual Office, AM - Pennsylvania Virtual Office, AM - Rhode Island Virtual Office, AM - Vermont Virtual Office, AM - Virginia Virtual Office, AM - Washington DC Virt. Office
Remote Working: Hybrid
Schedule: Full Time
Employment Sponsorship Offered: No
Linkedin Recruiter Tag: #LI-MD1 LI-ASSOCIATE
