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SalaryTitle: Sr. Claims Adjuster
Location: Remote
Company Overview: At Vault, we are not just insuring assets. We are reducing risks with data-driven technology to Protect What Matters Most to our customers. Our team is driven by a shared commitment to protect customers’ most prized possessions. We look at the bigger picture to provide custom solutions, exceptional service, and risk management to protect their legacy proactively.
Why Choose Vault:
- 46% of our workforce was referred by someone at Vault
- 37% growth rate in staff since December 2021
- Our Financial Strength is rated an A- by AM Best
- Rated 4.5 stars based on our customer experience reviews
- Our leaders are respected innovators with decades of insurance expertise
- Vault’s proprietary technology allows for enhanced capabilities, speed, and efficiency
- Leading high-net-worth insurance provider with a foundation in customized solutions
- Comprehensive benefits tailored to your lifestyle
Responsibilities:
- Manage auto bodily injury and homeowner general liability claims involving high net worth personal lines.
- Analyze coverage and manage claims exposures.
- Effectively interact with insureds, brokers, insured’s personal and/or legal representatives.
- Responsible for investigating and determining liability, evaluating damages, investigate subrogation opportunities and assist our clients as their individual and unique needs dictate.
- Evaluate exposure and establish reserves, report internally and externally as required and negotiate settlements.
- Effectively manage litigated claims.
- Participate in underwriting decision making, including renewal risk assessment and communication with program agent.
- Work with other areas of the company including underwriting, finance and accounting, actuarial, sales and marketing, risk management, operations, and technology on projects as requested.
- Prepare claim summaries and other reports as necessary for management.
- Present severity claims to senior management in large loss meetings.
- Meet with existing or prospective clients and brokers.
- Attend relevant industry conferences/meetings.
- Comply with internal and external reporting.
- Bachelor's degree in a related field, such as business, insurance, or law.
- Multi-state licensing required.
- Group excess experience required.
- Minimum of 7-10 years of experience in commercial or personal lines casualty claims management, high-net-worth, complex claims preferred.
- Strong knowledge of casualty insurance coverage, liability, and damages.
- Excellent negotiation, mediation, and arbitration skills.
- Ability to manage multiple complex claims and litigation matters simultaneously.
- Strong analytical and problem-solving skills.
- Excellent written and verbal communication skills.
- Proficiency in Microsoft Office Suite and claims management software.
- Juris Doctor (JD) degree preferred.
Benefits:
- Flexible Spending Accounts & Health Savings Account, with company contributions
- Company-paid comprehensive life & disability insurance plans
- 24/7 Telehealth doctor access, virtual wellness screenings, Employee Assistance Programs
- Company 401k retirement plan with Day 1 eligibility (5% company match, 100% immediate vesting)
- 23 PTO days, accrued yearly
- 11 Paid holidays
Vault is committed to providing equal opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.
