Insurance Administrator

---

Job description

Overview

Get To Know Us:

Join Morgan Properties, one of the nation's largest and fastest growing property management companies. Our award-winning employees are dedicated to providing our residents with a quality residential living experience every day. Established in 1985 by Mitchell Morgan, Morgan Properties is a national real estate investment and management company headquartered in King of Prussia, Pennsylvania. Morgan Properties and its affiliates currently own and manage a multifamily portfolio comprised of over 350 apartment communities and over 90,000 units located in 20 states. The Company is the nation's largest private multifamily owner, with over 2,500 employees. Our company thrives on a culture of creativity, communication and collaboration, where every person is valued. We're always looking for passionate professionals to join our team. If you meet the requirements listed and are interested, please submit your resume for consideration.

What you will be doing:

Assist the Insurance Manager in all insurance-related areas, including liability, auto and property claims analysis and management. Communicate with attorneys, adjustors, brokers, agents, internal parties and other interested parties as necessary. Complete other initiatives and projects as directed by the Insurance Manager. Position provides support to other departments for information requests as directed.

Claims Reporting and Management

* Monitor incident report filings from all properties; evaluate claims for severity and reportability. Ensure proper information storage
* Receive, log and monitor all snow reports. Ensure snow reports are submitted based on snow events
* Ensure timely reporting of all insurance claims to the appropriate insurer(s) and perform initial discovery and information gathering. Inform internal parties and partners as necessary
* Track all claims and assist insurance companies with investigations. Monitor and review loss runs and participate in and lead regular claims reviews with insurers
* Report, track and manage lawsuits covered by insurance. Work with attorneys and internal parties on the discovery process, facilitating answers, interrogatories, requests for production of documents and depositions. Monitor all active lawsuits and provide Morgan input and positions as necessary
* Respond to requests from attorneys and adjustors
* Submit auto claims and work with properties and adjustors on repairs and payments to repair centers

Property Loss Management

* Track all major property losses and assist in loss adjustment
* Complete business income (rent loss) analysis
* Notify lenders of losses and complete required updates; prepare draws from lender escrows for insurance proceeds during and following the reconstruction process. Monitor accounting of property losses
* Document any construction delays for future rent loss negotiations
* Complete subrogation process/work with insurance-appointed subrogation attorneys as appropriate

Property Loss Management - Third Party Recovery

* Report and manage claim submissions to third party insurers when another party (resident, contractor, visitor) is liable for damage to the company or company property. Adjust claims and prosecute through to conclusion
* Establish liability and secure acceptance of liability
* Provide all documentation to substantiate claims (including rent loss as appropriate) and negotiate final settlement
* Provide monthly internal reporting on subrogation efforts

Reporting

* Prepare and maintain reports for incidents, claims, litigation and property losses
* Prepare and maintain detailed reporting of property losses, especially for communication with accounting
* Prepare and maintain other reports as directed and required

Qualifications:

* Bachelor's degree (B.A.) from four-year college or university; or two to four years insurance, financial or property management related experience and/or training; or equivalent combination of education and experience.
* General Liability Claims Experience Required
* Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations.
* Ability to compose reports, business correspondence, and procedure manuals.
* Ability to solve practical problems by considering courses of action within the framework of existing policies, principles and standards.
* To perform this job successfully, an individual should have working knowledge of property management software, Microsoft Excel Spreadsheet software and Microsoft Word Processing software.

The "Benefits" of Employment:

* Employee referral payment program
* Educational Enhancement Program
* Medical, Dental, and Vision benefits
* Life/AD&D Insurance
* Long and short term disability
* Retirement Plan - 401(k) Plan
* Discount on an apartment with any one of our properties
* Free access to pool and fitness center