Position Summary
AEGIS Insurance Services, Inc. (“AEGIS”) has an immediate opening for a General Adjuster responsible for managing and adjusting first party property claims of a moderate level of complexity arising under All Risk and Builders Risk coverages for policies of AEGIS Members and/or Policyholders as directed by Claims management. Investigate and adjust assigned claims with a high level of integrity, quality, and technical expertise while ensuring prompt and equitable settlements of claims within the parameters of the Company’s policies and guidelines.
Job Requirements:
- Minimum 3 years of experience working in insurance, the energy industry or with large commercial property insurance claims
- Experience with claims adjustment and litigation procedures related to All Risk, Builders Risk, Business Interruption, Extra Expense, Expediting Expense, and/or additional coverages desired
- Experience with renewable energy related claims a plus
- Undergraduate degree; degree in an engineering discipline a plus
- Property Adjuster's License desired
- Insurance designations a plus
- Applied knowledge of the elements of a property claim and related policy coverages
- Working knowledge of the national and international insurance markets, as well, independent adjusting firms, consulting engineers, forensic accounting firms and counsel that specialize in energy claims
- Proficiency with Microsoft Office: Specifically Word and Excel
- Travel required (approximately 25%)
Candidate Attributes:
- Growth-Oriented: Conveys a genuine desire and ability to develop a deeper understanding of insurance and reinsurance industry concepts and practices
- Achievement-Oriented: Demonstrates persistence and perseverance in achieving concrete and tangible outcomes by taking action to get optimum results when encountering obstacles or resistance
- Collaborative: Develops and maintains effective working relationships across functional and divisional lines by readily sharing information, knowledge, and resources
- Detail-Oriented: Displays thoroughness and accuracy in quality communications and deliverables through the application of technical skills and industry/product knowledge
- Work Ethic: Takes ownership for one’s responsibilities by acting with integrity and holding oneself accountable to continuous improvement
Essential Job Functions:
Management of Assigned Claims
- Achieve timely and proper coverage verification through analysis and appropriate communication of AEGIS’ coverage positions on assigned claims within the assigned delegated authority
- Provide recommendations to Claims management on the handling of complex losses and implement actions directed by Claims management
- Achieve timely, accurate, and factual investigation of liability and damages
- Achieve timely and accurate evaluation of liability and damages through reports from independent adjusters
- Conduct or participate in on-site field investigations and inspections, in conjunction with insured’s personnel when appropriate
- Ensure equitable claim settlements for AEGIS and its Members and or Policyholders
File Management Documentation
- Achieve timely, appropriate and quality file documentation and reporting to Claims management and reinsurers, as necessary
- Consult with Claims management in the evaluation and management of assigned claims/losses as required by the Case Management Matrix
Reserve and Expense Management
- Establish timely and accurate reserves that reflect AEGIS’ quota share participation and ultimate probable cost/exposure
- Achieve accurate loss reserves on a timely basis based on industry standards with regard to labor rates and replacement costs
- Effectively manage and control loss adjustment expenses through disciplined vendor management and adherence to Company guidelines on budgeting costs
- Ensure that all financial transactions (e.g. reserves, settlements and payments) for assigned claims are within the designated level of authority, pursuant to the Case Management Matrix
Relationship Management
- Foster and maintain a professional relationship with AEGIS Members and/or Policyholders throughout the claims adjustment process which may include communicating on coverage disputes and/or denials of coverage
- Work closely with the Underwriting and Loss Control divisions on claim matters
- Network with industry experts and stay current with industry changes in technology and federal, state, or local regulations which could impact first party property claims
EOE
AEGIS Insurance Services, Inc. participates in E-Verify
We expect to pay a starting salary between $60,000 and $96,000. An applicant’s placement within this range is based on their individual qualifications and professional experience. In addition to base salary, AEGIS employees are eligible to participate in the Company’s annual incentive program, with competitive awards based on corporate and individual performance.
In addition, we offer a comprehensive and competitive suite of options for health, retirement, income protection, wellness, and additional benefits:
- Health: medical and prescription coverage, behavioral health, dental, vision, health savings account (includes a Company contribution), and flexible spending accounts
- Retirement: 401(k) plan that includes matching contributions and an additional Company contribution of 4% (subject to IRS limitations)
- Income Protection: basic and supplemental life insurance, short-term and long-term disability coverages, accident and critical illness insurance
- Wellness: on-site health and fitness center, on-demand fitness and well-being app, and employee assistance program with support on mental health, financial, and legal services
- Additional benefits: commuter benefits that include a transit subsidy from the Company, pet insurance, paid time off (vacation, floating holidays, sick, and Company paid holidays), and a variety of leaves of absence (health, family, and military)
- Educational assistance and learning opportunities
- Hybrid work schedule