Total Loss Adjuster

About Reserv

Reserv is an insurtech creating and incubating cutting-edge AI and automation technology to bring efficiency and simplicity to claims. Founded by insurtech veterans with deep experience in SaaS and digital claims, Reserv is venture-backed by Bain Capital and Altai Ventures and began operations in May 2022. We are focused on automating highly manual tasks to tackle long-standing problems in claims and set a new standard for TPAs, insurance technology providers, and adjusters alike. We have ambitious (but attainable!) goals and need people who can work in an evolving environment. If building a leading TPA and the prospect of tackling the long-standing challenges of the claims role sounds exciting, we can't wait to meet you.

About the role

We are seeking a highly organized and customer-focused Transportation Claims Total Loss Specialist to join our team. The successful candidate will be responsible for working with rental facilities, body shops, salvage vendors, and appraisers to manage the total loss settlement process and rental expenses, reviewing the valuation of the vehicle based on its type to resolve the claim efficiently and reviewing damage estimates to confirm vehicles are total losses.

Your role will also be responsible for handling an inventory of claims, triaging critical claims, and delivering service to all constituents of the claim.

The ideal candidate has a willingness to work through a design process that supports the quickest claim resolution with the best outcome. In addition, you will collaborate closely with our product and engineering teams to give feedback and identify technology and process improvements.

What you'll do

Provide prompt, courteous and high-quality customer service to all policyholders and claimants by answering customer calls and resolving customer requests

Gather necessary information from customers to successfully adjudicate the claim and explain policy, coverage, and appropriate course of action

Manage an inventory of claims, establish initial reserves for all potential exposures, and adjust as appropriate throughout the claim

Coordinate with our salvage vendor partners for the movement of damaged vehicles and assist with rental reimbursement

Recognize recovery opportunities in regards to subrogation and salvage, as well as total loss

Ensure compliance with specific state regulations, policy provisions, and standard operating procedures

Negotiating and communicating all total loss settlements per company and state guidelines within approved payment authority

Provide input for continuous development of claims guidelines, best practices, and process improvements

Oversee and direct outside investigative service providers and work closely with the client and client counsel and investigative services to resolve the claim

Engage in learning opportunities to build knowledge of personal lines claims, court decisions impacting the claims function, current guidelines in claims function, and policy changes and modifications

Qualifications

Bachelor's degree (lack of one should not stop you from applying if you possess all the other qualifications)

Minimum of 3 years of experience on point and concentrated in transportation claims adjusting, ideally with:

Total Loss adjusting experience

First-party Comp and Collision

Third-party Property Damage Liability

Active insurance adjuster’s license by way of a designated home state, or home state

Willing to obtain all licenses within 60 days, including completing state required testing

Knowledge of state regulations, policy provisions, and standard operating procedures

Commercial experience preferred

Ability to analyze and evaluate complex data and make sound decisions based on established guidelines, policies, and procedures

Curious and motivated by problem solving and questioning the status quo

Desire to engage in learning opportunities and continuous professional development

Willingness to travel for client and claims needs

Benefits

Generous health-insurance package with nationwide coverage, vision, & dental

401(k) retirement plan with employer matching

Competitive PTO policy – we want our employees fresh, healthy, happy, and energized!

Generous family leave policy after 8 months of continuous work

Work from anywhere to facilitate your work life balance

Apple laptop, large second monitor, and other quality-of-life equipment you may want. Technology is something that should make your life easier, not harder!

Additionally, we will

Listen to your feedback to enhance and improve upon the long-standing challenges of an adjuster and the claims role

Work toward reducing and eliminating all the administrative work from an adjuster role

Foster a culture of empathy, transparency, and empowerment in a remote-first environment

At Reserv, we value diversity in backgrounds, perspectives, and life experiences and believe that diversity in viewpoints and critical thinking drives innovation, first-principles thinking, and success. We welcome applicants from all backgrounds and encourage those from all walks of life to apply. If you believe you are a good fit for this role, we would love to hear from you!

Originally posted on Himalayas