Location: New York,NY, USA
Job Title: Complex Claims Specialist/Consultant - Financial Institutions
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