Position Summary
The Property Claims Examiner is responsible for reviewing and processing insurance claims to ensure accuracy and compliance with company policies and regulations. The role investigates claims by gathering and analyzing documentation such as damage appraisals and incident reports to determine coverage and liability. They verify that due process was followed in investigation by both adjuster and claimant, communicate with stakeholders to gather information and resolve any discrepancies.
What will your job entail?
Job Responsibilities:
• Reviews and evaluates property insurance claims to determine coverage, validity, and eligibility according to policy terms and conditions.
• Analyzes policy coverage and exclusions to determine the extent of coverage for each claim.
• Reviews reports to ensure that no errors have been made in the appraisal process, determines if payouts are reasonable, approves, rejects, or refers a claim to a specialist.
• Calculates the amount of claim payment based on policy coverage, deductibles, depreciation, and any other applicable factors.
• Examines claim forms, damage appraisal, incident reports, photographs, and other relevant documentation to gather necessary information for claim adjudication.
• Ensures compliance with regulatory standards, company policy and guidelines and supports claims adjusters to manage the volume of cases.
• Evaluates liability and damages, analyzes exposures and tradeoffs between defense costs and settlement costs and makes timely and accurate potential exposure recommendations.
• Documents relevant events as case facts develop, provides support in negotiating settlements, and refers claims exceeding authority to appropriate leaders with recommendations.
• Identifies potential fraudulent claims and collaborating with the company's fraud investigation unit or law enforcement agencies to investigate and mitigate fraud risks.
• Provides high-quality customer service by addressing inquiries, concerns, and complaints related to claims in a timely and professional manner.
• Maintains accurate and detailed records of claim activities, correspondence, payments, and decisions for auditing and reporting purposes.
• Stays informed about industry trends, changes in insurance laws and regulations, and advancements in claims processing technology to continuously improve knowledge and skills.
Work Experience:
• 2-10+ years of experience in Property Insurance Claims Adjusting/Examining is preferred.
Education:
• Bachelor’s degree preferred; Business Administration, Legal, Finance is preferred. Any other related discipline or commensurate work experience considered.
Licenses & Certifications:
• Prescribed: Minimum requirements for state specific •Adjusting/Appraising/Examining/ Investigating Licenses
• Preferred: Associate in Claims (AIC), Certified Insurance Service Representative (CISR), Certified Claims Professional (CCP), Certified Insurance Claims Manager (CICM)
Ryan Specialty is an Equal Opportunity Employer. We are committed to building and sustaining a diverse workforce throughout the organization. Our vision is an inclusive and equitable workplace where all employees are valued for and evaluated on their performance and contributions. Differences in race, creed, color, religious beliefs, physical or mental capabilities, gender identity or expression, sexual orientation, and many other characteristics bring together varied perspectives and add value to the service we provide our clients, trading partners, and communities. This policy extends to all aspects of our employment practices, including but not limited to, recruiting, hiring, discipline, firing, promoting, transferring, compensation, benefits, training, leaves of absence, and other terms, conditions, and benefits of employment.
How We Support Our Teammates
Ryan Specialty seeks to offer our employees a comprehensive and best-in-class benefits package that helps them — and their family members — achieve their physical, financial, and emotional well-being goals. In addition to paid time off for company holidays, vacation, sick and personal days, Ryan offers paid parental leave, mental health services and more.
The target salary range for this position is $62,000.00 - $74,400.00 annually.
The wage range for this role considers many factors, such as training, transferable skills, work experience, licensure and certification, business needs, and market demands. The pay range is subject to change and may be modified in the future. Full-time roles are eligible for bonuses and benefits. For additional information on Ryan Specialty Total Rewards, visit our website https://benefits.ryansg.com/.
We provide individuals with disabilities reasonable accommodations to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment in accordance with applicable law. Please contact us to request an accommodation at HR@Ryansg.com
The above is intended to describe this job's general requirements. It is not to be construed as an exhaustive statement of duties, responsibilities, or physical requirements. Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.
