Sr. Claims Specialist, Construction

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 Sr. Claims Specialist, Construction in our Casualty Construction team.

Location: This position may be based out of any of our Sompo US office locations. 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 primary and excess General Liability claims for Construction-related insureds such as New York Labor Law, Construction Defect, Bodily Injury, and Property Damage

• Provide coverage and analytical analysis of potential exposures, establish appropriate reserves

• Communicate appropriate responses to management and underwriters on new losses

• Manage counsel where assigned; develop and execute strategy to control expenses and resolve litigated claims

• Analyze 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

What you'll bring:

• BA/BS degree required; Juris Doctorate is preferred, but not required

• Insurance related professional designations/education such as CPCU, IIA & SCLA a plus

• 3-5 years in an insurance technical claims position or at a law firm with an emphasis on managing Construction-related files

• Excellent writing, presentation and communication skills

• 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

• 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)

Salary Range: $125,000 - $155,000 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.

At Sompo International, 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

• Sompo International offers a competitive compensation and benefits package