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Senior Technical Specialist SRG
Career Insights for Claims Adjuster / Specialist (General)
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Scorecard
Based on Maryland data
Review key factors to help you decide if this role fits your goals. How is this calculated?
What they do
A Claims Adjuster or Specialist investigates and evaluates insurance claims. Specializes in a particular type of insurance. Inspects property damage, including damage to homes, buildings and cars; reviews claims after they are submitted; may authorize or deny payment for claims. May work directly for insurers or on behalf of claimants.
$78,916 / year median in Maryland
+12% projected growth
Job Description
Senior Technical Specialist SRG
Compensation Overview The annual base salary range provided for this position is a nationwide market range and represents a broad range of salaries for this role across the country. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. As part of our comprehensive compensation and benefits program, employees are also eligible for performance-based cash incentive awards. Salary Range $94,400.00
- $155,800.
- In the handling large exposure claims, your responsibilities may include:
- Coverage Research and Analysis
- Responsible for researching the existence of policies that may have been issued by multiple legacy companies and analyzing coverage. knowledge of relevant legal concepts in applicable jurisdictions. Prepare coverage recommendations and present to management. Effectively communicate coverage positions to policyholders or their representatives.
- Liability Investigation and Analysis
- Conduct thorough investigation and analysis of claim facts to determine liability. knowledge of relevant legal concepts in jurisdiction to evaluate damages and develop recommendation of appropriate course of action.
- Litigation Management
- Proactively develop and execute a strategic file management plan that achieves optimal file resolution, including as appropriate: research and recommendation of counsel; litigation and resolution strategies; management of loss adjustment expenses; engagement of appropriate experts; use of proper settlement and release terms.
- Account Management
- an in-depth knowledge and understanding of assigned accounts in actions and decisions.
- Financial Analysis
- Estimate financial exposures on an individual claim and account basis. Develop budgets and financial analyses, maintain appropriate defense and indemnity estimates.
- File Maintenance and Administrative Compliance
- Maintain well-documented and organized claim files. Maintain proficiency SRG claim systems and databases. Ad to applicable requirements for data accuracy. Efficiently manage file inventory.
- Coaching
- May be involved in training, mentoring, coaching and interviewing.
- Project Leadership
- May lead or represent the unit/office on special projects at request of management.
- Perform other duties as assigned. What Will Our Ideal Candidate Have?
Education & Work Experience:
- Bachelor's degree.
- 5+ years of experience in toxic tort, latent injury, environmental claim and coverage determination.
- Job specific or technical competencies:
- Analytical Thinking.
- Communication.
- Judgment & Decision-Making.
- Teamwork.
- Accountability.
- Customer Focus.
- Relationship Management.
- Business Perspective.
- Knowledge of Regulatory and Claim Environments.
- Planning & Organizing.
- Technology.
- Working Independently.
- Application of Departmental Practices & Procedures.
- Licensing. What is a Must Have?
- High School Diploma or GED.
- 3 years experience in environmental claim and coverage determination or in handling severe, highly complex liability claims and litigation, or comparable claim litigation or legal experience, OR
- 3 years of bodily injury or property damage claim handling experience or comparable claim litigation or legal experience plus 1 year of SRG experience.
- In order to perform the essential functions of this job, acquisition and maintenance of Insurance License(s) may be required to comply with state and Travelers requirements. Generally, license(s) must be obtained within three months of starting the job and obtain ongoing education credits as mandated. What Is in It for You?
Health Insurance:
Employees and their eligible family members- including spouses, domestic partners, and children
- are eligible for coverage from the first day of employment.