Independent Insurance Claims Adjuster Job Description, Key Duties, and Responsibilities
This post provides complete information of the job description of an independent insurance claims adjuster, to help increase your knowledge of what they do.
It highlights the key tasks, duties, and responsibilities that majorly make up the independent insurance claims adjuster work description.
This article also shows the major requirements you may be expected to fulfill by recruiters if you are seeking the job of an independent insurance claims adjuster.
Please, continue to read to learn about the independent insurance claims adjuster career:
What Does an Independent Insurance Claims Adjuster Do?
An independent insurance claims adjuster is responsible for handling insurance claims for the loss of property, personal injury, or damages.
He/she is a self-employed insurance professional whose job description entails determining how much claimants should be compensated with by a company or an organization.
It involves identifying and examining claims, negotiating necessary settlements, and deciding if claim payments should be approved or declined.
An independent insurance claims adjuster may work for multiple independent adjusting firms that are responsible for handling claims for several insurance companies.
The job of an insurance claims adjuster can be cyclical as a result of the type of claims he or she is handling, which makes it very common for him/her to have an unsteady work.
The independent insurance claims adjuster work description may also include carrying out various important functions, which may include inspecting and analyzing damaged assets, reading several reports, interviewing and soliciting information from witnesses, consulting other professionals in order to have a better understanding of the claim, and creating and filing reports for claim examiners.
He/she may also be saddled with the task of interviewing or consulting the police, medical professionals, attorneys, or claimants in order to compile detailed and accurate information that has to do with accidents and any resulting injuries.
He/she then uses this compiled information from the interviews to file a report and determine whether a claimant should be paid and how much to be paid.
In essence, an independent insurance claims adjuster analyzes, investigates, and determines the rate of an insurance company’s liability regarding casualty, damages, or property loss, and the process of attempting to effect settlements with claimants.
To become an independent insurance claims adjuster, interested individuals need to have certain skills or attributes.
Some of the required skills, characteristics, or attributes include strong analytical and mathematical skills, well-developed endurance skills, and the ability to work long hours; good composure and self-management skills, superior communication skills, and the ability to be highly detail-oriented; effective interpersonal skills and confidentiality.
In terms of academic qualifications, the ideal candidate for the independent insurance claims adjuster role should possess a high school diploma or a college degree as preferred by some employers, in Insurance, Finance, Business, or in a related field.
Job training or several years of proven work experience is also considered by some employers for the independent insurance claims adjuster position.
Independent Insurance Claims Adjuster Job Description Example/Sample/Template
Independent insurance claims adjusters perform various functions in ensuring the claimant is compensated justly.
The kind of tasks, duties, and responsibilities an independent insurance claims adjuster commonly performs are shown in the job description example below:
- Interviewing witnesses, police, medical professionals, attorneys or any other relevant source in order to gather detailed and accurate information
- Examining and analyzing information gathered through investigation; report findings and give recommendations
- Negotiating claim settlements and recommending or suggesting litigations when settlements cannot be negotiated
- Preparing a report of investigations, interviews, and findings
- Analyzing, investigating, and assessing the damage of properties, and creating or reviewing property damage estimates
- Liaising with claimants, witnesses, police, or other relevant parties in order to determine claim settlement, denial, or review
- Calculating data in order to inform organizational operations
- Advising co-workers or claimants on legal or regulatory compliance matters
- Issuing payment for supplements or settlements owed after accurate analysis
- Reviewing claims, photos, or any other type of evidence submitted by inspectors in order to ensure that estimates were in line with damage causes.
- Independent Insurance Claims Adjuster Job Description for Resume
If you have worked before as an independent insurance claims adjuster or are currently working in that position and are making a new resume, you can make your resume stronger by adding the professional or job experience section to it.
With the professional experience section, you will be able to show to the recruiter that you have or are presently performing the duties and responsibilities of an independent insurance claims adjuster.
This helps to boost the quality of your resume and increase your chances of being selected, especially if your work experience as an independent insurance claims adjuster is important to the new position you are seeking.
You can easily and quickly make a great professional experience section for your resume by applying the duties and responsibilities of the role provided in the job description sample above.
Independent Insurance Claims Adjuster Requirements – Skills, Abilities, and Knowledge for Career Success
If you are seeking to work as an independent insurance claims adjuster, you will be expected to meet certain requirements set by the employer.
This is for them to be sure that you will be effective performing the objectives, purpose, and obligations of the independent insurance claims adjuster role in their organizations.
See below the major requirements commonly set by recruiters for the independent insurance claims adjuster position:
- Analytical and mathematical skills, as an independent insurance claims adjuster is required to approach and handle problems analytically and tactically
- Adequate knowledge and proficiency in using the necessary tools or software, such as spreadsheets and Xactimate
- Above average and well-developed work ethic which involves the ability to effectively execute tasks under pressure, the availability to travel on frequent basis, and the ability to endure long hours of work
- Superior written and oral communication and interpersonal skills which enables the independent insurance claims adjuster to efficiently and effectively liaise with job professionals, claimants, insurance organizations, and witnesses
- Several years of proven work experience or job training in a similar industry
- A high school diploma or college degree in Insurance, Finance, or Business, or in a related field.
If you are a recruiter, employer, or HR manager needing to hire for the position of independent insurance claims adjuster, you will need to publish the description of the position.
This will help prospective applicants to learn about the duties they will be expected to perform if they are hired for the independent insurance claims adjuster position, and so can decide if they will be able to succeed on the job.
And that means you will be able to have only qualified, competent, and confident people applying for the job.
This post is also helpful to individuals interested in the independent insurance claims adjuster career, to increase their knowledge of the duties and responsibilities associated with the role.
Job Assessment Tests: How to Top Your Competition
As part of the hiring process, most applicants that passed the initial Resume/CV screening phase are required to pass an assessment test for the job or apprenticeship position they are applying for.
The goal of this phase is to determine if the candidate has the appropriate set of skills and qualities to excel on the job.
Find out the tests you will be needing to take for the position you are applying for; get lots of success proven Practice materials to prepare with now: Sure way to make high scores in job tests.