Sr. Claims Specialist - Financial & Professional Lines

The Company 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. As a trusted industry expert, we offer a broad range of comprehensive and customized solutions, including casualty, professional lines, property, surety, and public entity coverages. With the financial strength and global resources of our A+ Superior (A.M. Best) rated organization, we provide unmatched stability and reliability. 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. Join our team and be part of a dynamic and experienced organization that is shaping the future of specialty insurance in North America. The Opportunity The Senior Claims Specialist in the Financial and Professional Lines Core team is a critical role in our growing Claims Department, and will be responsible for directing all aspects of file handling on both in‑house and third‑party administered property claims, with growth opportunity in depth of technical handling and multi‑faceted professional development. The Senior Claims Specialist will also direct the adjusting and litigation process, strategically partnering with counsel, experts and vendors, and drive optimal claim resolutions. 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 in a variety of specialty line claims, including Miscellaneous Professional Liability/E&O, Directors & Officers, Lawyers Professional Liability, Employment Practices Liability, Fiduciary, Crime, Cyber, and Transactional Risk. Key Responsibilities Thoroughly investigate and assess claims for coverage, damages, and pursuit of recoveries and subrogation/contribution opportunities. Demonstrate an in‑depth understanding of coverage issues, policy forms, contracts, regulatory requirements, and changing legal landscape for specialty line claims. Proactively and promptly manage claims, considering all aspects with a strategic vision for optimal claim outcome. Continually evaluate claims 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. Look for ways to improve claim efficiencies and outcomes (innovative mindset). Qualifications Bachelor’s degree; Law degree preferred. 7+ years of experience in handling specialty claims. Detail‑oriented, adaptable, and strategic in decision‑making. Understanding of technical claims proficiency and execution of best claim practices. Ability to work independently, multi‑task, and remain self‑motivated in a fast‑paced environment. Strong organizational skills and time management of claims desk. Strong business acumen and ability to collaborate with other departments and vendors. Customer‑service and relationship oriented. Innovative, dynamic and growth mindset. Good verbal and writing skills for internal and external communication, presentations and reporting. Good analytical thinking, advocacy and negotiation skills. Willingness to travel for mediations, settlement conferences, and client or account meetings. (25%) Maintain valid adjusters’ license(s) in states assigned or an ability to obtain same. Compensation and Benefits The company offers a competitive salary range that varies by location. The base salary range anticipated for this position is $138,400–$212,100 , 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, 401(k) 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). In addition to the above insurance offerings, our employees also enjoy: A robust 401(k) plan with up to a 5% employer match. A retirement savings plan that is 100% company funded. Paid time off that begins with 24 days each year, with more days added when you celebrate milestone service anniversaries. Eligibility to receive a yearly bonus as a Munich Re employee. A variety of health and wellness programs provided at no cost. Paid time off for eligible family care needs. Tuition assistance and educational achievement bonuses. A corporate matching gifts program that further enhances your charitable donation. Paid time off to volunteer in your community. The Company is open to considering candidates in numerous locations, including Princeton (NJ), Philadelphia (PA), Atlanta (GA), Chicago (IL), or Hartford (CT). The salary range posted below reflects market variations across various locations. The offer will be adjusted per geography. 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 strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services. We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. #J-18808-Ljbffr Munich Re Specialty - North America