This job listing has expired and the position may no longer be open for hire.

Claim Associate at Chubb in Jersey City, New Jersey

Posted in General Business 30+ days ago.

Type: Full-Time





Job Description:

Fidelity Claims Associate


Chubb is the world’s largest publicly traded property and casualty insurer. With operations in 54 countries, Chubb
provides commercial and personal property and casualty insurance, personal accident and supplemental health
insurance, reinsurance and life insurance to a diverse group of clients. The company is distinguished by its extensive
product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence,
superior claims handling expertise and local operations globally.


We are looking for an individual interested in a claims career to join our Associate Program as a
Fidelity Claims Associate based in our Whitehouse Station, New Jersey office. A J.D. degree is required for applicant
consideration. This is a permanent full-time position and a compelling opportunity to join a growing, financially stable and
successful company. As an industry leader, we are an employer of choice for students aspiring to develop a meaningful
career in a fast-paced, diverse company with offices in many major U.S. cities.


MAJOR DUTIES & RESPONSIBILITIES


Include but are not limited to: Under close supervision of the Claim Manager, receive assignments, review claim and
policy information, conduct claim investigation and determine the extent of coverage available under crime policies and
financial institution bonds issued to our commercial and financial institution insureds. Claims include employee theft and
dishonesty, funds transfer fraud, forgery, computer fraud, and other financial institution bond and crime losses under
fidelity policies
- Contact, interview and obtain statements from insureds, witnesses and law enforcement to secure necessary claim
information
- Evaluate facts supplied by investigation to determine coverage and extent of the company’s obligation to the insured
under the policy contract
- Evaluate coverage based on investigation and policy/bond review
- Prepare coverage position letters
- Set reserves within authority limits and recommend reserve changes to Claim Manager
- Review progress and status of claims with Claim Manager and discuss issues and suggested action plan
- Assist Discipline Leader and Claim Manager in developing methods and improvements for handling claims
- Settle claims promptly and equitably
- Obtain proofs of loss, releases and/or assignments and issue company drafts in payment of claims
- Inform insureds, brokers or attorneys of denial of claim when applicable

MINIMUM REQUIREMENTS


- Undergraduate and J.D. degrees required
- Knowledge of insurance industry a plus
- Basic knowledge of claims handling concepts, practices, and procedures a plus
- Basic Microsoft Word, Excel, and Outlook
- Ability and willingness to travel
- Strong analytical skills
- Detail Oriented
- Customer focused – responsive with an appropriate sense of urgency





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