Description:
An Insurance Company has an immediate need for a Claims Counsel in our Management Liability Claims Unit that can report to any of our An Insurance Company locations. This role is a true complex claims handling role that is tasked with managing all lines of Management Liability Claims under our Management liability policies.The ideal candidate for this role will have 3-5 years of experience as a claim professional with experience handling Management liability claims including, Employment Practices liability, Directors and Officers Liability, Fiduciary Liability, Cyber Liability, as well as Crime claims on a national basis.
This role works a hybrid schedule from any An Insurance Company office location Monday through Wednesday, with the option of working Thursday and Friday remotely.
Responsibilities:
- Responsible for handling Management Liability Claims (EPL, D&O, Fiduciary and Crime) for Private and Non-Profit businesses based on Claim Guidelines.
- Within authority limit, thoroughly analyze, investigate, negotiate and resolve all levels of severity claims.
- Selects, directs and manages defense counsel including approval of budgets
- Develops litigation/file disposition strategy. Attends mediations, settlement conferences and trials.
- Verifies/analyzes applicable coverage for the reported claims.
- Follow operational policies and procedures, including compliance, regulatory and performance and customer service standards.
- Prepare reports, including Large Loss Reports, to management which accurately reflects loss development, potential/actual financial exposure, coverage issues, claim and recovery strategies.
- Establishes 24-hour contact and maintain appropriate contact with all involved stakeholders throughout the life of the claim file.
- Identifies and addresses recovery/contribution/SIU opportunities.
- Sets accurate/timely loss/expense reserves in compliance with Claim Guidelines.
- Drafts correspondence, including but not limited to, coverage letters to stakeholders as required.
- Support business partners on an as needed basis on various claim and underwriting related issues and marketing meetings.
- Maintains resident/nonresident adjuster licenses as required.
- Performs other duties as assigned.
Qualifications:
Must Have:
- Bachelors' degree
- Juris Doctorate
- Properly licensed, registered or authorized, and in good standing, to practice law in the jurisdiction in which you will be working
- 3-5 years management liability claim experience, including handling employment liability practices, directors & officers' liability and fiduciary liability coverages preferred, will also consider applicable legal experience
- Excellent coverage analysis skills with experience in drafting coverage position correspondence
- Experience handling litigated files and direction of defense counsel
- Excellent negotiation skills
- Ability to travel, average 1 days a month
- Licensure as required by respective state(s)
- Excellent oral and written communication skills.
- Ability to organize, multi-task and prioritize work.
- Excellent customer service and interpersonal skills.
- Ability to analyze data, utilize sound judgment to draw conclusion and make supported decisions.
- Be authorized to work in the United States and must note require, now or in the future, VISA sponsorship for employment purposes
