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Claims Management & Litigation Specialist (Remote)

Title: Claims Management & Litigation Specialist
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.

Thinking about joining our team? We look for self-motivated and inventive individuals dedicated to providing the highest level of service to our customers and partners.

The position will be hybrid, working 3 days/week in one of our office locations in St. Pete, FL, West Palm Beach, FL or New York, NY, or fully remote for the right candidate.

 

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 

 

Job Responsibilities: 

  • Manage and resolve first party property litigation; including negotiation, mediation, arbitration, and trial.
  • Analyze and evaluate claims to determine coverage, liability, and damages.
  • Develop and implement litigation strategies to achieve favorable outcomes.
  • Manage and collaborate with internal and external legal counsel to ensure effective representation in litigation matters.
  • Maintain accurate and up-to-date claim files, including documentation of all relevant communications, decisions, and actions.
  • Communicate effectively with clients, attorneys, and other stakeholders to provide updates and information on claim status and progress.
  • Continuously monitor and assess industry trends, legal developments, and best practices to ensure the highest level of service and expertise.
  • Draft and issue reservation of rights and denial letters, retain and direct counsel, evaluate exposure and establish reserves, manage emergency response and repair vendors, manage various experts including; engineers, accountants, and rebuilding consultants, report internally and externally as required and negotiate settlements.
  • Manage property subrogation recovery.
  • Represent Company in the resolution of complex claims and participate in legal proceedings, including mediations.
  • 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.
  • Comply with internal and external reporting and compliance.
  • Travel up to 20% including catastrophe travel to large scale catastrophic events as required. 

 

Requirements: 

  • Bachelor's degree in a related field, such as business, insurance, or law
  • Minimum of 5 years of experience in commercial or personal lines property claims management and litigation
  • Strong knowledge of property 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

 
Preferred Qualifications:
  • Juris Doctor (JD) degree or paralegal certification
  • Experience in commercial or personal lines property insurance
  • Professional designations, such as Chartered Property Casualty Underwriter (CPCU) or Associate in Claims (AIC)

 

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.