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AmTrust Financial
Newark, NJ | Full Time
$78k-98k (estimate)
1 Week Ago
Property adjuster
$78k-98k (estimate)
Full Time | Lending & Credit 1 Week Ago
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AmTrust Financial is Hiring a Property adjuster Near Newark, NJ

Commercial Property General Adjuster

Requisition ID

2024-16664

Category

Claims - Property

Position Type

Regular Full-Time

Overview

A Commercial Property General Adjuster is responsible for investigating, evaluating, and resolving large and complex property claims involving commercial buildings, equipment, and inventory.

The adjuster must have extensive knowledge of property insurance policies, coverages, and exclusions, as well as the ability to negotiate and communicate effectively with clients, brokers, and other parties.

The adjuster must also be able to handle multiple tasks and prioritize workloads in a fast-paced environment.

Responsibilities

Review and analyze complex commercial property claims, including verifying coverage, determining liability, and assessing damages.

  • Conduct thorough investigations, including interviewing witnesses, inspecting property damage, reviewing documents, and consulting experts.
  • Prepare detailed and accurate reports, estimates, and reserves for each claim.
  • Negotiate and settle claims within authority limits and in accordance with company guidelines and best practices.
  • Communicate proactively and professionally with clients, brokers, and other stakeholders throughout the claim process.
  • Maintain and update claim files and records using various systems and tools.
  • Provide technical guidance and mentoring to less experienced adjusters.
  • Thorough understanding of laws, principles of coverage, liability and insurance industry in general.
  • Effective communication skills; ability to obtain information from others and deliver information to others orally and in written form.
  • Ability to travel to various loss locations within assigned territory to meet with clients and other parties.

Essential Job Functions

  • Oversees the handling of all aspects of the claims assigned to the unit including reserving, communication, documentation, litigation management, evaluation, negotiation and settlement.
  • Ensures all claims eligible or ineligible for payment conform to quality, production standards and specifications.
  • Ensures claim processing is consistent with applicable policies, procedures, and departmental guidelines.

The salary range for this role is $110,000 - $130,000 / year. This range is only applicable for jobs to be performed in New York.

Base pay offered may vary depending on, but not limited to education, experience, skills, geographic location, travel requirements, sales or revenue-based metrics.

This range may be modified in the future.

Qualifications

  • Bachelor's degree in business, engineering, or related field, or equivalent work experience.
  • Minimum of five years of experience as a property adjuster, handling complex and large commercial claims.
  • Professional designations such as AIC, CPCU, or SCLA are preferred.
  • Strong analytical, problem-solving, and decision-making skills.
  • Excellent verbal and written communication skills.
  • Proficient in Xactimate, Microsoft Office and other relevant software applications.
  • Ability to travel to meet with clients and other parties.
  • Valid adjuster's license in appropriate jurisdictions or ability to obtain such, if required by subordinate position duties.

What We Offer

AmTrust Financial Services offers a competitive compensation package and excellent career advancement opportunities. Our benefits include : Medical & Dental Plans, Life Insurance, including eligible spouses & children, Health Care Flexible Spending, Dependent Care, 401k Savings Plans, Paid Time Off.

AmTrust strives to create a diverse and inclusive culture where thoughts and ideas of all employees are appreciated and respected.

This concept encompasses but is not limited to human differences with regard to race, ethnicity, gender, sexual orientation, culture, religion or disabilities.

AmTrust values excellence and recognizes that by embracing the diverse backgrounds, skills, and perspectives of its workforce, it will sustain a competitive advantage and remain an employer of choice.

Diversity is a business imperative, enabling us to attract, retain and develop the best talent available. We see diversity as more than just policies and practices.

It is an integral part of who we are as a company, how we operate and how we see our future.

Connect With Us!

Not ready to apply? Connect with us for general consideration.

Last updated : 2024-04-27

Job Summary

JOB TYPE

Full Time

INDUSTRY

Lending & Credit

SALARY

$78k-98k (estimate)

POST DATE

04/29/2024

EXPIRATION DATE

05/02/2024

WEBSITE

amtrustgroup.com

HEADQUARTERS

NEW YORK, NY

SIZE

500 - 1,000

FOUNDED

1998

TYPE

Private

CEO

BARRY DOV ZYSKIND

REVENUE

$10M - $50M

INDUSTRY

Lending & Credit

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About AmTrust Financial

AmTrust Financial is a New York-based brokerage firm that provides insurance products such as property and casualty, cyber and general liability.

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The job skills required for Property adjuster include Decision Making, Health Care, Life Insurance, Problem Solving, Written Communication, Microsoft Office, etc. Having related job skills and expertise will give you an advantage when applying to be a Property adjuster. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Property adjuster. Select any job title you are interested in and start to search job requirements.

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The following is the career advancement route for Property adjuster positions, which can be used as a reference in future career path planning. As a Property adjuster, it can be promoted into senior positions as a Claims Adjuster III that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Property adjuster. You can explore the career advancement for a Property adjuster below and select your interested title to get hiring information.

If you are interested in becoming a Property Adjuster, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Property Adjuster for your reference.

Step 1: Understand the job description and responsibilities of an Accountant.

Quotes from people on Property Adjuster job description and responsibilities

They focus on property-related claims like damage or other potential concerns.

03/28/2022: Newark, NJ

Must confirm that the coinsurance, average, or reporting provisions have not been violated.

05/09/2022: Springfield, OR

The adjuster must be familiar with each of the exclusions, limitations, or exceptions from coverage.

02/16/2022: San Jose, CA

Should provide two general contractors (different from the construction consultant who helped the adjuster set the scope) with a copy of the adjuster's scope of loss.

03/02/2022: Appleton, WI

The adjuster then should prepare an estimate of the cost of repairs for comparison with the estimates made by the contractors.

03/18/2022: Salt Lake City, UT

Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.

Career tips from people on Property Adjuster jobs

Examine property damage and physical injuries.

03/17/2022: Rockford, IL

Prepare and process claim reports.

03/02/2022: Wilmington, NC

Negotiate payments with claimants .

03/22/2022: Tucson, AZ

Support attorneys to defend the company in case of contestation.

04/23/2022: Honolulu, HI

Approximately 30% of the personal property or contents limit on a standard tenant policy.

03/01/2022: Green Bay, WI

Step 3: View the best colleges and universities for Property Adjuster.

Butler University
Carroll College
Cooper Union
High Point University
Princeton University
Providence College
Show more