About this opportunity
Munich Re lists this Senior Medical Claims Processor opportunity in princeton, New Jersey. Review the employer’s description below for duties, qualifications and application requirements.
Job description
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.
Welcome to Munich Re Specialty - North America, a leading specialty insurance provider dedicated to delivering exceptional underwriting, claims, and risk management expertise to our partners and customers. With the financial strength and global resources of our A+ Superior (A.M. Our team is committed to superior service levels, a distinctive approach to specialty solutions, and a deep understanding of the complex risks our clients face. The Senior Claims Specialist - Surety is a critical role in our growing Claims Department, and will be responsible to direct all aspects of in-house file handling of Performance Bonds and Payment Bonds. The Senior Claims Specialist will direct the adjusting and litigation process, strategically partner with counsel, experts and vendors, and drive optimal claim resolutions. In this role, the Senior Claims Specialist will analyze and determine coverage, manage the claim investigation, evaluate the overall claim, communicate promptly with internal and external stakeholders, and pursue recoveries and risk transfer where warranted.
Thorough investigation and assessment of claims against surety bonds for coverage, damages, and pursuit of recoveries and subrogation/contribution opportunities.
In-depth understanding of coverage issues, bond forms, contracts, regulatory requirements, and changing legal landscape for Performance Bonds and Payment Bonds.
Proactive and prompt management of claims, considering all aspects with a strategic vision for optimal claim outcome.
Continual evaluation of claim to set appropriate, timely reserves over the life of the claim to reflect changes in exposure.
Demonstrate strong technical claims proficiency through consistent execution of best claim practices.
Strategically coordinate and manage outside counsel and vendors to obtain optimal claim outcome.
Present high exposure claims to Claims Leadership and Key Stakeholders.
Collaborate with internal and external business partners for client meetings, product development and improvement, and account audits.
Innovative mindset - looks for ways to improve claim efficiencies and outcomes.
Bachelor’s degree required; Understanding of technical claims proficiency and execution of best claim practices.
~ Strong organizational skills and time management of claims desk.
~ Customer-service and relationship oriented.
~ Good verbal and writing skills for internal and external communication, presentations and reporting.
~ Willingness to travel for mediations, settlement conferences, and client or account meetings.
(The salary range posted below reflects market variations across various locations. The base salary range anticipated for this position is $101,700 - $155,900 , 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).
We are proud to offer our employees, their domestic partners, and their children, a wide range of insurance benefits:
Two options for your health insurance plan (PPO or High Deductible).
Prescription drug coverage (included in your health insurance plan).
Vision and dental insurance plans.
Additional insurance coverages provided at no cost to you, such as basic life insurance equal to 1x annual salary and AD&D coverage that is equal to 1x annual salary.
Short and Long Term Disability coverage.
Supplemental Life and AD&D plans that you can purchase for yourself and dependents (includes Spouse/domestic partner and children).
Voluntary Benefit plans that supplement your health and life insurance plans (Accident, Critical Illness and Hospital Indemnity).
A retirement savings plan that is 100% company funded.
Eligibility to receive a yearly bonus as a Munich Re employee.
Tuition assistance and educational achievement bonuses.
Paid time off to volunteer in your community.
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 recruit and develop talent with a focus on providing our customers the most innovative products and services.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Who can apply
Review the original listing for work authorization, qualifications and employer requirements.