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 Claims Specialist, Construction in our Casualty Claims team.
Sompo is committed to providing outstanding claims service that delivers:
Fair and appropriate outcomes for our insureds
Efficient service, timely responses and fast payment of agreed claims
Value-added expertise from product and industry specialists
We achieve this by establishing our claims team as an integral component of the underwriting process and aligning our claims professionals with each of our product lines and geographies. Held to the highest standards in the industry, our in-house insurance claims professionals work with our underwriters, risk control specialists and distribution partners to build a collaborative relationship with each insured to understand each client’s changing needs. Our structure affords clients with direct access to experienced claims professionals who have extensive industry and product knowledge, serve as thought leaders in their field and are empowered to make decisions.
Location: This position can 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 Construction Defect and potentially Bodily Injury, and Property Damage.
Provide coverage and analytical analysis of potential exposures and establish appropriate reserves.
Communicate appropriate responses to management and underwriters on new losses and provide written assessments on loss and expense trends and high exposure cases.
Manage counsel where assigned; develop and execute strategy to control expenses and resolve litigated claims. Effectively represent the company’s interests in meetings and negotiations.
Proactively manage correspondence, claim files, and maintain an accurate and current diary in compliance with company standards.
Support underwriters and actuaries during the renewal process
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 is preferred. Juris Doctorate also preferred, but not required. Adjuster’s license 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/self-insured retentions 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: $70,000 – $125,000 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, 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
In today’s world, what do we stand for?
Ethics and integrity are the foundation of delivering on our commitment to you. We believe that core values drive success, and that when relationships are held in the highest regard, there is nothing that cannot be accomplished. At Sompo, our ring is more than a logo, it is a symbol of our promise. Click here to learn more about life at Sompo.
Sompo is an equal opportunity employer and we intentionally value inclusion and diversity. Above all, we want you to work in an environment that respects everyone’s unique contributions – we are passionately committed to equal opportunities. We do not discriminate based on race, color, religion, sex orientation, national origin, or age.
