Sr Claims Specialist
Sompo · New York, NY · 1 wk ago
On-siteFinance$125k–$175k/yrFull-time
This position primarily focuses on the execution of claim handling responsibilities for a complex primary and excess casualty portfolio with specific emphasis on Construction Defect, Job Site Bodily Injury, OCIP/CCIP, and/or New York Labor Law matters.
Responsibilities
- Manage a casualty claims portfolio focused on Construction Defect, Job Site Bodily Injury, OCIP/CCIP, and New York Labor Law matters, including coverage analysis, exposure assessment, reserving, and claim resolution.
- Communicate loss assessments and recommendations to management and underwriting teams and provide written analysis of high-exposure claims and loss trends.
- Direct litigation strategy and oversee defense counsel to control expenses, achieve favorable outcomes, and resolve claims through negotiation and mediation.
- Analyze loss and expense trends, support improvement initiatives, and ensure timely, accurate documentation of claim activity, correspondence, and diary management.
- Represent the company's interests in meetings, negotiations, and mediations while collaborating with underwriters and actuaries throughout the renewal process.
- Maintain technical expertise in casualty claims handling, provide guidance on industry developments, and consult on policy and endorsement drafting as needed.
Requirements
- Bachelor's degree required; Juris Doctor preferred.
- CPCU, IIA, SCLA, or similar professional designations are a plus.
- 7–10 years of experience in technical insurance claims or insurance defense law with expertise in Construction Defect, Job Site Bodily Injury, OCIP/CCIP, and New York Labor Law exposures.
- Strong technical claims expertise, including coverage analysis, tender opportunities, reserving, underlying policy limit/SIR evaluation, claim file audits, and claim resolution through negotiation and mediation.
- Proven ability to build strong partnerships with underwriting teams, support marketing efforts, manage multiple priorities, and work independently in a collaborative environment.
- Excellent written, presentation, communication, and computer skills, including proficiency with Microsoft Office; experience with Guidewire, Genius, and ImageRight preferred.
- Willing to travel to attend mediations.
Pay
Salary Range: $125,000 – $175,000. Actual compensation for this role will depend on several factors including the cost of living associated with your work location, your qualifications, skills, competencies, and relevant experience.
Benefits
- 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.
Location: This position will be based out of any of our US Sompo Offices. We strive for collaboration which is why we offer a work environment where our employees thrive and develop long lasting careers.