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Full-time Experienced Surety Claims Examiner – Strong Organizational Skills

at Chubb Insurance in Warren, NJ

For more than 125 years, Chubb & Son, a division of Federal Insurance Company has been delivering exceptional property and casualty insurance products and services to businesses and individuals around the world.

Today, we are the 11th largest property and casualty insurer in the United States and have a worldwide network of some 120 offices in 28 countries staffed by 10,600 employees. The Chubb Corporation reported $50.6 billion in assets and $14.1 billion in revenues in 2007. According to Fortune magazine, Chubb is the 176th largest U.S.-based Corporation. The magazine also includes Chubb in its list of "America's Most Admired Companies." Forbes listed Chubb as one of America's 400 Best Big Companies.

We are currently looking for a professional to join our Surety Claims Unit in Warren, NJ.

Position Description:
In this position, you will manage an inventory of surety claims. Specific duties of the Surety Claim Examiner include analyzing the bond coverage, investigating and evaluating liability and damage potentials, recommending, posting and maintaining accurate loss and expense reserves during the life of a claim. The incumbent will also work with outside counsel and consultants on the best methods for fulfilling our obligations under the surety bond, and working with construction firms in completing bonded projects and pursuing salvage and recovery opportunities.

Position Responsibilities:
• Manage Surety Claims across multiple jurisdictions
• Analyze and address coverage issues timely and accurately under multiple bonds exposures.
• Use knowledge of claim investigations, litigation and industry trends to make appropriate reserve recommendations on cases.
• Develop and maintain strong business relationships with a wide spectrum of constituents internally and externally including principals/indemnitors, underwriters and other claims personnel.
• Promptly and properly develop the facts of a claim through a comprehensive investigation, accurate fact based documentation and prompt contact with all knowledgeable parties.
• Maintain well documented and articulate file notes, to be read and understood by not only claims but also underwriting.
• Evaluate complex damages, liability exposures as well as set accurate and timely reserves.
• Direct and control the litigation management process and expenses.
• Proactively manage a claim inventory and effectively negotiate cases to an acceptable resolution under moderate supervision.
• Present cases and regularly share expertise through the claim committee process as well as underwriting claim review meetings.
• Adhere to all statutory regulations and Unfair Claims Practices Acts


Competencies/Tech Skills:
• Candidate must demonstrate the ability to work in a collaborative fashion with a wide spectrum of people, developing and maintaining strong business relationships within Claims and with Underwriting counterparts.
• Candidate should have technical knowledge in the investigation and analysis of surety Claims, with a minimum of 3 to 5 years of experience in handling the same. This would include knowledge of insurance contracts and industry trends.
• The candidate must demonstrate excellent verbal and written communication skills.
• Candidate must be both service and results driven, highly analytical and detail-oriented with the ability to make timely and appropriate decisions.
• Good organizational and time management skills required.
• Ability to accept new challenges in a continued changing business environment required, and has an established record of success in leading and modeling change initiatives.

Knowledge, skills and abilities:
• Experience with handling midlevel exposures and midlevel losses
• Demonstrated ability to deliver high caliber customer claim service
• Listening and negotiation skills
• Knowledge and attention to detail in insurance coverage and contracts, in investigating moderate claims, as well as setting timely and accurate reserves
• Solid organizational skills to manage own claim inventory under moderate supervision
• The ability to develop and maintain strong business relationships with a wide spectrum of people internally and externally.
• Must obtain and maintain necessary licenses.

Education and Experience:
• Bachelor’s degree or equivalent experience


Chubb prides itself on the ability to provide all employees with an extraordinary work environment which promotes teamwork, diversity and incentives for those who exceed expectations. Chubb has been recognized as one of the top 50 companies for diversity by Diversity Inc. magazine, one of America's most admired companies by Forbes, and one of the top 100 companies to work for by Fortune.

Chubb's compensation and benefit plans work together to create a Total Rewards Program for our employees that is among the best in our industry. As a global organization, we work hard to achieve our goal of providing flexible and competitive compensation and benefits packages in each local market in which we operate. Our goal is to exceed average market practices for our performers. For more information about Chubb and our benefits, visit our website at www.chubb.com.

All interested applicants must apply online at www.chubb.apply2jobs.com Reference Requisition number 8782.

http://www.chubb.apply2jobs.com/index.cfm?fuseaction=mExternal.showJob&RID=8782&CurrentPage=2

Chubb & Son, Inc., a division of Federal Insurance Company, does not accept resumes from unsolicited third party agencies or recruiters. No fees will be paid to third parties who submit unsolicited candidates in this manner.


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Published on Mar 11, 2011
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