Sompo International Holdings Ltd
Sr. Casualty Claims Specialist
Sompo International Holdings Ltd, New York, NY, United States
As a leading provider of insurance and reinsurance with worldwide operations and employees in Bermuda, U.S., U.K., Continental Europe and Asia, we recognize that our success is derived directly from those who matter the most: our people. At Sompo International, our values of integrity, collaboration, agility, execution and excellence underpin our culture and our commitment to providing an employee experience that attracts and engages the best talent in the industry. As we continue to grow, we strive to find diverse, innovative and driven professionals to join our teams and offer a broad range of career and development opportunities at all levels, in multiple business areas, in each of our locations throughout the world. Our compensation and benefits programs are market driven and competitive, with excellent family friendly policies and flexible working provisions.
Job Description
Are you looking for your next opportunity?
Sompo has a unique opportunity for a Senior Casualty Claims Specialist in our Moderate Severity Casualty.
This position primarily focuses on the execution of claim handling responsibilities for primary and excess Auto and GL claims. The candidate must possess strong claim technical acumen, legal insight, accuracy, responsiveness and display a high degree of customer service. The successful candidate must be able to manage casualty claims while providing insight and analysis on claim exposures to management and our underwriting partners. The applicant must be an effective verbal and written communicator and work well in a team environment. The candidate must be agile, effective at priority setting, willing to travel to attend mediations (under proper conditions), and one who excels at interaction with internal and external customers, underwriters, peers and management.
Location: This position will be based out of our New York, NY; Purchase, NY; Garden City, NY; Morristown, NJ; Alpharetta, GA 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:
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:
In today's world, what do we stand for?
Ethics and integrity are the foundation of delivering on our commitment to you. We believe that core values drive success, and that when relationships are held in the highest regard, there is nothing that cannot be accomplished. At Sompo, our ring is more than a logo, it is a symbol of our promise. Click here to learn more about life at Sompo.
Sompo is an equal opportunity employer and we intentionally value inclusion and diversity. Above all, we want you to work in an environment that respects everyone's unique contributions - we are passionately committed to equal opportunities. We do not discriminate based on race, color, religion, sex orientation, national origin, or age.
Job Description
Are you looking for your next opportunity?
Sompo has a unique opportunity for a Senior Casualty Claims Specialist in our Moderate Severity Casualty.
This position primarily focuses on the execution of claim handling responsibilities for primary and excess Auto and GL claims. The candidate must possess strong claim technical acumen, legal insight, accuracy, responsiveness and display a high degree of customer service. The successful candidate must be able to manage casualty claims while providing insight and analysis on claim exposures to management and our underwriting partners. The applicant must be an effective verbal and written communicator and work well in a team environment. The candidate must be agile, effective at priority setting, willing to travel to attend mediations (under proper conditions), and one who excels at interaction with internal and external customers, underwriters, peers and management.
Location: This position will be based out of our New York, NY; Purchase, NY; Garden City, NY; Morristown, NJ; Alpharetta, GA 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:
- Direct handling and management of a casualty portfolio involving significant bodily injury, property damage, and/or coverage issues.
- Provide appropriate coverage and analytical analysis of potential exposures
- Timely identify severity and properly communicate with management and underwriters
- Manage counsel where assigned; develop and execute strategy to control expenses and resolve litigated claims
- Establish timely and appropriate reserves
- Analyse loss and expense trends on a portfolio of claims and assist in the development and implementation of plans to improve results
- Ensure that all claim information is reviewed and accurately and timely recorded
- Proactively manage correspondence and claim files and maintain a current diary in compliance with company standards
- Effectively represent the company's interests in meetings and negotiations
- Support underwriters and actuaries during the renewal process
- Consult on policy and endorsement drafting where necessary
- 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
- BA/BS degree required
- Juris Doctorate is preferred
- Insurance related professional designations/education such as CPCU, IIA & SCLA a plus
- Seven to ten years in an insurance technical claims position or at an insurance defense law firm
- Excellent writing, presentation and communication skills
- Specifically, the candidate must have the ability to assess coverage and tender opportunities; oversee and evaluate claim files for best outcomes; pursue and assess underlying policy limit/SIR's for reserving; audit underlying claim files; and resolve claims, often at mediation.
- Ability to establish close working relationship with the underwriting team through open communication and assist with aspects of marketing
- Demonstrated ability to manage multiple projects to successful completion
- Strong ability to prioritize and work independently; self- starter and a team player
- Strong computer skills (MS Word, Excel, Outlook and various in-house claims systems -Guidewire, Genius, ImageRight is a plus)
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
In today's world, what do we stand for?
Ethics and integrity are the foundation of delivering on our commitment to you. We believe that core values drive success, and that when relationships are held in the highest regard, there is nothing that cannot be accomplished. At Sompo, our ring is more than a logo, it is a symbol of our promise. Click here to learn more about life at Sompo.
Sompo is an equal opportunity employer and we intentionally value inclusion and diversity. Above all, we want you to work in an environment that respects everyone's unique contributions - we are passionately committed to equal opportunities. We do not discriminate based on race, color, religion, sex orientation, national origin, or age.