Job Abstract

ID

2024-10662

Date Posted

15 hours ago(5/31/2024 5:10 PM)

Company

Berkley Financial Specialists

Primary Location

US-MD-Towson

Category

Claims

Berkley Financial Specialists, a member of W.R. Berkley Corporation, is dedicated to providing customized, comprehensive insurance solutions and outstanding customized personalized service to financial institutions. We offer financial institution bond and management liability.

Our Berkley Crime division provides crime related insurance products to commercial organizations, financial institutions and governmental entities.

All products are underwritten on an admitted basis on behalf of W.R. Berkley Corporation member insurance companies, which carry A.M. Best and S&P A+ ratings and A.M. Best Financial Size Category XV.

The Company is an equal employment opportunity employer.

The Management Liability/Fidelity Claim Specialist will handle management liability, fidelity, and crime claims including those involving questions of coverage, legal liability and damages. They will perform investigations in a timely and thorough manner to ensure accurate decisions on coverage, liability and damage issues affecting claim resolutions. Key functions include but are not limited to:

• Utilize experts and outside firms as required.
• Manage existing workloads effectively to achieve quality and quantity production goals and provide superior customer service.
• Manage outside counsel in connection with litigation.
• Perform initial assessment for recovery.
• Regularly communicate with customers, agents and brokers.
• Handle P&C claims as needed.
• Investigates all assigned claims and analyses coverage applicability/limitations.
• Sets appropriate reserves.
• Prepares reports and obtains authority to increase reserve in excess of authority.
• Manages disposition of claims and issues appropriate payments on all assigned claims.
• Determine when appropriate to retain outside counsel.
• Maintains required logs.
• Maintains proper diary on all open files and records all file activity in file notes.
• Maintains appropriate state licenses.
• Provides input in roundtable discussions.
• Attend settlement conferences, trials and mediations on a regular basis.
• Effectively negotiate with insureds and third parties, listening carefully to demands and using an objective approach to resolve the claim fairly.
• Inform other departments of positive/negative conditions noted during investigations which may impact company results.
• Participate in special account reviews and present agents and insureds.

• College degree; law degree preferred.
• 3 to 5 years Management Liability/Fidelity claim experience or significant claim multi-lines handling experience.
• Result-oriented.
• Strong commitment to the WRBC/Berkley FinSecure culture.
• Excellent Team Player.
• Excellent Communication Skills.
• Willingness to assume tasks, even if they are outside the actual job description.
• Ability to multi-task and prioritize.
• Sell-starter with good negotiation skills.
• Ability to respond to time deadlines in an environment with heavy volume and changing priorities.
• Organized, creative, persistent and enthusiastic.