Senior Reinsurance Claims Specialist
Company: Munich RE
Location: Philadelphia
Posted on: March 31, 2025
Job Description:
Senior Reinsurance Claims Specialist
Company
Munich Re Specialty - North America
Location
Philadelphia
, United States
Senior Reinsurance Claims Specialist We are adding to our diverse
team of experts and are looking to hire those who are committed to
building a culture that enables the creation of innovative
solutions for our business units and clients. The Company Munich Re
Specialty - North America provides extensive, specialty property
and casualty insurance solutions to customers through select
brokers, Managing General Agents, program administrators, cover
holders and insurtech partners. Products include: property,
casualty, professional liability and other specialty insurance
solutions. Our comprehensive, customized solutions are provided by
A+ rated carriers and are tailored to clients' needs. We offer
superior service levels, industry-recognized underwriting and
claims expertise and innovative approaches to complex and evolving
risks. Munich Re Specialty - North America is a description for the
insurance business operations of affiliated companies in the Munich
Re Group that share a common directive to offer and deliver
specialty property and casualty insurance products and services in
North America. For more information on Munich Re Specialty - North
America, including licensing, regulatory-required, and other
information on the operating companies, visit The OpportunityFuture
focused and always one step ahead! The Senior Reinsurance Claims
Specialist is a critical role in our growing Public Entity team as
part of the Core Claims team. They will be responsible for
administering the Company's rights under various reinsurance
contracts pertaining to underlying third-party casualty claims and
litigation, to evaluate and determine appropriate reserves on a
timely basis and providing superior client customer service.
Responsibilities
Proactive management of claims,
considering all aspects with a strategic vision for optimal claim
outcome and total cost of claim mindset. Continual claim evaluation
to set appropriate, timely reserves over the life of the claim to
reflect changes in exposure. Present high exposure claims to Claims
Leadership and Key Stakeholders. Collaboration with internal and
external business partners for client meetings, product development
and improvement, and account audits. Other assignments and projects
as needed. Qualifications
- Minimum bachelor's degree or relevant experience
- 10+ years' claims-handling experience
- Experience in Public Entity or relevant lines of business a
plus.
- In-depth understanding of coverage issues, policy forms,
reinsurance contracts, regulatory requirements, and changing legal
landscape for casualty claims.
- Highly technical, analytical and critical thinking ability to
properly determine coverage and liability.
- Strong technical claims proficiency through consistent
execution of best claim practices.
- Highly collaborative and proactive with strong interpersonal
skills
- Innovative mindset - looks for ways to improve property claim
efficiencies and outcomes.
- Excellent verbal and writing skills for internal and external
communication, presentations, and reporting.
- Superior analytical thinking and negotiation skills.
- Ability to travel for conferences, client or account meetings,
and audits. (25%) The Company is open to considering candidates in
numerous locations, including Chicago, NYC, and San Francisco. The
salary range posted below reflects market variations across various
locations. This role is designated for Chicago, NYC, San Francisco
and reflects multiple geographies. The offer will be adjusted per
geography. The base salary range anticipated for this position is
$99,700 - $166,100, plus opportunity for company bonus based upon a
percentage of eligible pay. In addition, the company makes
available a variety of benefits to employees, including health
insurance coverage, an employee wellness program, life and
disability insurance, 401k match, retirement savings plan, paid
holidays and paid time off (PTO). The salary estimate is adjusted
to reflect the varying market conditions across different
locations, with the with the higher end being more aligned with the
New York City and San Francisco job market. Factors that may be
used to determine your actual salary include your specific skills,
how many years of experience you have and comparison to other
employees already in this role. Most candidates will start in the
bottom half of the range. At Munich Re, we see Diversity, Equity
and Inclusion as a solution to the challenges and opportunities all
around us. Our goal is to foster an inclusive culture and build a
workforce that reflects the customers we serve and the communities
in which we live and work. We strive to provide a workplace where
all of our colleagues feel respected, valued and empowered to
achieve their very best every day. We recruit and develop talent
with a focus on providing our customers the most innovative
products and services. We are an equal opportunity employer.
Reasonable accommodations may be made to enable individuals with
disabilities to perform the essential functions.
Keywords: Munich RE, Philadelphia , Senior Reinsurance Claims Specialist, Other , Philadelphia, Pennsylvania
Didn't find what you're looking for? Search again!
Loading more jobs...