What are the responsibilities and job description for the Claims Associate position at Berkley?
Company Details:
Berkley Small Business Solutions (BSB) is committed to providing small business customers with the next generation of small business solutions, including offering operational, underwriting, and marketing opportunities. We offer insurance products to Small Business Owners for transportation and other main street businesses. We leverage underwriting expertise, data, and analytics, and automation for risk assessment, selection, pricing retention. We champion our customers, distribution always seeking a smarter way to provide a more efficient and better user experience.
We are a proud member of W. R. Berkley Corporation, one of the largest commercial lines property casualty insurance holding companies in the United States. With the resources of a large Fortune 500® corporation and the flexibility of a small company, we exclusively work with select independent agents to bring technology solutions that help them build their business.
Responsibilities:
May perform other functions as assigned.
Qualifications:
Berkley Small Business Solutions (BSB) is committed to providing small business customers with the next generation of small business solutions, including offering operational, underwriting, and marketing opportunities. We offer insurance products to Small Business Owners for transportation and other main street businesses. We leverage underwriting expertise, data, and analytics, and automation for risk assessment, selection, pricing retention. We champion our customers, distribution always seeking a smarter way to provide a more efficient and better user experience.
We are a proud member of W. R. Berkley Corporation, one of the largest commercial lines property casualty insurance holding companies in the United States. With the resources of a large Fortune 500® corporation and the flexibility of a small company, we exclusively work with select independent agents to bring technology solutions that help them build their business.
The Claims Technician is an entry-level position that is responsible for handling low-complexity claims involving physical damage, property damage, total loss, fuel spills, medical payments, and cargo damage resulting from commercial auto claims. This position will work closely with insureds and stakeholders to ensure timely and accurate claims resolution and provide exceptional customer service.
Customer Service
- Act with urgency in establishing initial and subsequent contact with all parties and key stakeholders.
- Update appropriate parties as needed, providing new facts as they become available and explaining impact of those facts upon the liability analysis and settlement options.
- Collaborate with vendors to ensure timely appraisal and evaluation of damages.
Coverage
- Analyze coverage by applying policy information to facts or allegations of each loss.
- Communicate coverage decision to insured and stakeholders and update coverage analysis as new facts warrant it.
- Ensure compliance with jurisdictional requirements, including timeliness of communicating coverage disposition.
Data Integrity
- Maintain discipline in securing and updating information throughout the life of the claim.
- Ensure data is complete and complies with statutory requirements for reporting.
Reserving
- Establish and maintain appropriate initial, subsequent loss, and expense reserves. Ensure supporting rationale for each reserve is documented within the electronic claim file.
- Act with urgency in collaborating with internal stakeholders regrading significant changes within claim reserving.
Investigation
- Directly investigate each claim through prompt and strategic contact with appropriate parties including policyholders, witnesses, claimants, law enforcement agencies, agents, medical providers, and technical experts to determine the extent of liability, damages, and contribution potential.
- Interview witnesses and stakeholders. Take recorded and/or written statements when appropriate.
- Evaluate all claims for recovery potential. Directly handle recovery efforts and/or engage and direct Company resources for recovery efforts.
Evaluation and Resolution
- Utilize diary management system to ensure all claims are handled timely and in compliance with jurisdictional requirements and Company guidelines.
- Collaborate with external vendors, e.g., appraisers and independent adjusters.
- Manage total loss claims process including vehicle appraisal procedures, diminished value, vendor networks, subrogation demands, salvage procedures and heavy equipment appraisals.
May perform other functions as assigned.
Qualifications:
- Excellent interpersonal and communication skills.
- Strong problem-solving and organizational skills.
- Computer proficiency, including working knowledge of Microsoft Office products.
- Previous experience in customer service role, or a related field, is preferred but not required.
- Willingness to learn and expand knowledge.
- Position will require that Claims Technician obtain independent adjuster’s licenses for all states that have requirement, including but not limited to: AL, CT, GA, FL, ME, MS, NY, NC, SC, TN, TX. Licenses must be obtained within 90 days of hire and require course work, testing, and background checks that may include fingerprinting.
Education
- College degree preferred or equivalent work experience.