Location: Open to Chicago/Lisle, IL - Tarrytown, NY - Warren, NJ - Lake Mary, FL - Melville, NY - Wyomissing, PA - Radnor, PA - New York, NY - Brea, CA - DeWitt, NY - Atlanta, GA
Essential Duties & Responsibilities: • Interprets more complex or unusual policy coverages and determines if coverages apply to claims submitted, escalating issues as needed. • Prepares timely and thorough coverage analysis and may occasionally assign counsel on an insured's behalf. • Recommends appropriate reserves and attempts to effectively settle claims in most cost effective manner and ensuring timely issuance of disbursements. • Coordinates and performs investigations and evaluates claims and exposure through contact with insureds, brokers, other insurance carriers and defense counsel. • Utilizes negotiation skills to develop complex settlement packages or suggest resolution strategies. • Works with defense counsel, underwriters, brokers, and insureds regarding the handling and/or disposition of complex claims. • Analyzes claims activities and prepares reports for management. May be responsible for special projects and presentations. • Keeps current on state/territory regulations and issues as well as industry activity and trends. May perform additional duties as assigned.
Skills, Knowledge & Abilities: • Solid knowledge of claims and insurance industry theory and practices. • Demonstrated technical expertise and product specific knowledge. • Strong interpersonal, communication and negotiation skills. Must have the ability to effectively interact with all levels of internal and external business partners. • Ability to work independently. • Strong analytical and problem solving skills. • Ability to exercise independent judgment and make critical business decisions effectively. • Solid knowledge of Microsoft Office Suite as well as other business-related software. Education &
Experience: • Bachelor's degree or equivalent experience. Juris Doctorate strongly preferred. Professional designations preferred. • Specialist - Typically a minimum two to five years claims experience in professional liability or 2 plus years in a law firm handling professional liability claims for an insurance carrier handling professional and management liability claims involving banks, insurance companies and/or asset managers. • Consultant - Typically a minimum six years of relevant experience, preferably in claim handling • Public D&O experience strongly preferred