Claims Specialist III, Property Large Loss-Minneapolis/St. Paul Area-$5000 Sign on Bonus at Nationwide

Minnesota, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

InsuranceIndustries

Requirements

5 years of insurance field/property claims handling or adjusting experience
Solid experience/proficiency with Xactimate
Solid experience writing own estimates and handling claims start to finish
Construction background/experience (Residential, Roofing, Remodeling, water mitigation, etc.)
Strong customer service competency
Strong written & verbal communication skills
Must reside in the Minneapolis/St. Paul, Minnesota area (relocation assistance may be available for qualified candidates more than 50 miles outside the territory)
Willingness to perform CAT duty
Ability to work from home with day travel to policy locations (on average 3-4 days a week) via company vehicle

Responsibilities

Handles all assigned claims promptly and effectively, with little direction and oversight, which may include complicated and catastrophic losses
Makes decisions within delegated authority, recommends settlement values in the disposition of claims as outlined in company policies and procedures
Accurately pays claims based on policy provisions, state mandates and/or fee schedules
Determines proper policy coverages and applies standard methodologies to conclude assigned cases according to company guidelines
Adheres to high standards of professional conduct while delivering outstanding service
Opens, closes and adjusts reserves according to company practices to ensure reserve adequacy
Maintains knowledge of court decisions that may affect the claim's function; current principles and practices; innovations; and policy changes and modifications
Maintains current knowledge of local industry repair procedures and local market pricing
Acts for Claims Manager; mentors and provides leadership to less experienced claims associates; provides one-on-one training and assists with training/presentations as assigned by claims management
Creates and analyzes severe incident reports, reinsurance reports and other information to corporate office, claims management and underwriting
Partners with Special Investigation Unit and Subrogation to identify fraud

Skills

Xactimate

Claims Adjusting

Property Claims Handling

Construction

Roofing

Remodeling

Water Mitigation

Customer Service

Nationwide

Provides insurance and financial services

About Nationwide

Nationwide provides insurance and financial services to individuals and businesses across the United States. Their product offerings include auto, home, life, and commercial insurance, as well as retirement and investment solutions. The company operates by underwriting insurance policies and managing investment portfolios, earning revenue through premiums, investment income, and fees for financial services. What sets Nationwide apart from its competitors is its focus on leveraging technology to improve claims processing and policy management, along with its commitment to customer service. Additionally, Nationwide partners with organizations to offer financial education resources, particularly for retirees, aiming to ensure financial security and protect the futures of its clients.

Columbus, OhioHeadquarters

1925Year Founded

$769.7MTotal Funding

N/ACompany Stage

Consulting, Financial ServicesIndustries

10,001+Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Paid Vacation

Paid Holidays

401(k) Retirement Plan

401(k) Company Match

Risks

Competition from insurtech startups like Nexar may challenge Nationwide's market share.

AI-driven platforms like Planck could disrupt traditional insurance models.

Partnerships with AI firms may require significant tech investment and integration efforts.

Differentiation

Nationwide invests in tech-driven platforms like YellowBird and Betterview to enhance services.

Partnership with CLARA Analytics shows Nationwide's focus on AI for operational efficiency.

Collaboration with Funding Circle highlights Nationwide's support for small business growth.

Upsides

Nationwide's $56M loan to Whitestone REIT diversifies its investment portfolio.

Investments in AI and tech platforms could streamline operations and reduce costs.

Supporting small businesses may expand Nationwide's customer base and strengthen relationships.

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