Full-Time Claims Specialist – Property and Casualty
Job Description
Our client is a large Real Estate Investment Trust specializing in commercial real estate, and based in Toronto, Ontario. It is the third largest REIT in Canada by market capitalization. They are looking to add another Adjuster to their team in Risk Management Services. Come join this great team!!
Reporting to the Director of Risk Management, the Claims Specialist is responsible for investigating and processing all claims in conjunction with the insurers and Third Party Adjuster. Using their strong insurance technical knowledge, the successful candidate will analyze and evaluate claims data being reported by Property Managers for processing according to contract terms and guidelines and following established company procedures. They will assure the delivery of strong technical servicing and oversight of our accounts from a claim perspective.
Responsibilities:
- Manage all lines of insurance coverage for claims with a primary emphasis on Liability exposures;
- Liaise with TPA and insurer representatives on claims queries and issues to bring claim to expeditious, cost effective resolution;
- Participate hands-on in the resolution of complex claims and coverage issues;
Assist Property Managers in the negotiation, settlement and resolution for claims, and property losses below retention levels or not handled by TPA; - Receive and review all incident reports and claim investigation material including contracts and leases as required;
- Analyze and evaluate contract wordings in order to determine coverage and indemnity owed to the loss according to the terms and conditions of the original policy and insurance contract;
Maintain follow-up records and review claim files internally and with TPA and insurer to expedite the reporting of developments according to contract reporting guidelines;
Assist internally with the preparation of claim data for stakeholder presentations as necessary; - Establish and manage both hard copy and e-copy claim files with all documentation and investigation material housed to ensure files are kept in good, current order, with appropriate and thorough documentation;
- Support the administration of the financial aspects of all claims including understanding claim reserves, internal cost allocation, processing loss payments and subrogation collection;
- Participate in claim management meetings with broker, insurer and TPA to provide oversight of file/portfolio protocol matrices and data mining/farming activities;
- Other duties as reasonably assigned
- Qualifications:
- Preference to College or University degree and/or Insurance Institute courses, CIP or FCIP designation;
- A minimum of 2-5 years of insurance claims experience required;
Highly proficient in Microsoft Office Suite products (Excel, Word, PowerPoint and Outlook); - Exceptional communication and interpersonal skills, especially in the areas of negotiations and diplomacy;
- Proven time management, prioritization, organizational and planning skills required
- Ability to problem solve, self-motivated and work independently;
- Ability to perform well in a busy business environment and possess energy, drive and enthusiasm;
- Experience working in Property Management liability claims considered an asset
How to Apply
Insurance Career Network is a recruitment firm focused exclusively on the insurance industry. Our relationships, knowledge and leading experience enable us to connect leading insurers, brokerage firm and independent adjusting firms with the most talented candidates for each role. Since 1991, we have been building and nurturing relationships and with over 13,000 registered candidates, we can tap into our highly technical experience for our clients. Our recruiters come directly from insurance related positions and bring a wealth of knowledge to each recruitment assignment. TO APPLY: Register and submit your resume through email to monica@insurancecareernet.com or call Monica for more information 416 703-5120 ext 201522 total views, 1 today
