Senior Claims Specialist
Berkley Industrial Comp (a Berkley Company) · Lexington, KY · 1 wk ago
Finance$250k/yrFull-time
Berkley Industrial Comp’s (BIN) underwriting department focuses on workers’ compensation insurance, partnering closely with underwriting and business engagement teams to support strong renewal outcomes and customer service.
Responsibilities
- Manage both lost time and med only claims across multiple jurisdictions up to $250,000 in exposure, including investigation, evaluation, and resolution.
- Interface with underwriting, risk management, case management, clients, and vendors to control costs and loss ratios while providing appropriate care to the claimant.
- Provide leadership within the claims department.
- Oversee catastrophic and large loss claims from beginning to resolution.
- Manage all technical aspects of claims: coverage, disability benefit management, medical management, file management, litigation management, subrogation, reserving, and settlement.
- Verify and interpret coverage issues.
- Consult with attorneys, assist in negotiation of settlement, mediations, and trials (attend trials as necessary).
- Resolve problems involving multi-faceted claims handling.
- Investigate, evaluate, and negotiate claims toward resolution, ensuring medical needs align with jurisdictional guidelines and Berkley Industrial Comp philosophies.
- Determine appropriate reserves to adequately reflect exposure of losses.
- Attend and participate in training sessions, account visits, and claim reviews.
Qualifications
Education Requirement: Bachelor’s degree with concentration in criminal justice, public administration, business, nursing, or insurance OR equivalent work experience.
- Five (5) years’ minimum experience adjusting workers’ compensation claims with significant experience handling Workers’ Compensation claims (ten (10) years preferred).
- Experience across multiple jurisdictions preferred.
- Possess and maintain a professional adjusting license in all applicable jurisdictions or obtain within one year of job acceptance.
- Strong interpersonal, analytical, and negotiation skills.
The actual salary for this position will be determined by factors including scope, complexity, location, skills, education, training, credentials, and experience.