Marine Claim Recovery Specialist at Chubb Insurance / 4 Insurance Jobs

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Marine Claim Recovery Specialist

For more than 125 years, the Chubb Group of Insurance Companies 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 27 countries staffed by 10,400 employees. The Chubb Corporation reported $48 billion in assets and $13.2 billion in revenues in 2008. According to Fortune magazine, Chubb is the 203rd 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.

Chubb has maintained its reputation and financial stability with underwriting expertise, unparalleled customer service, unique industry-specific specialization and a deep respect for all of our employees.

Currently, Chubb is seeking a Marine Claims Recovery Specialist for the New York Team.

The Marine Claims Recovery Specialist will:

• Promptly conduct and/or direct investigation, evaluation and disposition of large, complex Marine subrogation claims including: marine Physical Damage, Inland Marine Transit, Motor Truck Cargo, Ocean Cargo, Air Cargo, Hull, Yacht and Mega Yacht.
• Maintain an active and well-documented diary as well as a favorable and productive file inventory. Manage a global network of surveyors, salvors and maritime attorneys to provide higher probability of recovery against liable parties.
• Evaluate exposure under International Law and Convention in an effort to maximize probability of recovery.
• Adhere to all statutory and Unfair Claims Practice Acts.
• Communicate effectively both verbally and in writing with all external and internal customers.
• Proactively and aggressively control the use, work product and expenses of outside vendors.
• Efficiently utilize the Litigation Management Program to control the subrogation litigation inventory.
• Develop and maintain an outside panel/house counsel network and productive dialogue.
• Formulate litigation and recovery strategies with counsel and collaborate consistently throughout the subrogation process.
• Collaborate with the Marine Claim Unit examiners where appropriate and help the identification of potential recovery opportunities.
• Work closely with the Marine Underwriting Team by partnering with underwriting to better market our Marine Recovery service abilities.
• Maintain a reporting system to capture recovery dollars and expenses. Light travel is required.

Required Competencies/Technical Skills:
• 3-5 years of marine recovery and/or marine general liability claim handling experience.
• Expertise in marine coverages and the application of maritime law under numerous jurisdictions.
• Expertise in International Conventions and Regulations.
• Strong knowledge of tort law, contract law, jurisdictional law, admiralty law and liability concepts applicable to all marine claims.
• Candidate should also possess marine general liability and recreational marine claims knowledge.
• Candidates must have proven investigative skills with a proven ability to identify and gather relevant evidence.
• Possess the analytical and verbal skills both to formulate and execute a negotiation strategy.
• Candidate should possess a strong knowledge of liability theories and principles.
• Excellent oral and written communication skills as well as very good time and desk management skills.
• A good knowledge of industry trends, rules of evidence and legal regulations and requirements is essential.
• The candidate must demonstrate an ability to work in a collaborative fashion with a wide spectrum of people such as underwriters, producers and other internal and external customers.
• The aptitude to share and impart knowledge within a team environment is a strong benefit.

Education :
• College or University four year degree preferred or the equivalent work experience

This position offers flexibility with regard to the work location – can be based in New York City or out of our New Jersey office.

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 DiversityInc 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 7730.

http://www.chubb.apply2jobs.com/index.cfm?fuseaction=mExternal.showJob&RID=7730&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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