Claims Counsel, Professional Liability

Position Overview

We are looking for a Claims Counsel, Professional Liability to join our Financial Lines Claims team. The successful candidate will manage a caseload of claims, analyze and evaluate them, and provide legal advice.

Responsibilities

• Manage a caseload of primary Allied Healthcare, Miscellaneous Professional Liability and Homeowner’s Association claims of varying levels of severity with moderate supervision.
• Duties include analyzing loss notices, drafting coverage correspondences, appointing and managing counsel, establishing reserves, negotiating and resolving claims, and maintaining comprehensive claims files.
• Prepare and present reports that accurately reflect loss development, potential/actual financial exposure, reserve adjustments, coverage issues, and claim and recovery strategies.
• Collaborate with underwriting on significant claim exposures.
• Work closely with internal and external business partners such as retail and wholesale brokers, insureds and their counsel, to resolve claims.
• Maintain knowledge of professional liability trends and provide feedback to claims and underwriting teams.
• Monitor marketplace conditions, conduct research, and draft reference materials to inform claim and underwriting colleagues on law impacting Ascot’s underwriting and claim decisions.
• Obtain and maintain required adjusters’ licenses.
• Travel to attend mediations, industry conferences, settlement & claim conferences, trials, depositions, and assist with Ascot’s marketing efforts.

Requirements

• J.D. or related field of study.
• Minimum of 3 years of relevant legal or claim handling work experience, ideally in the handling of professional liability claims, at an insurance carrier or in private practice.
• Experience handling Healthcare claims preferred but not required.
• Prior claim experience preferred but not required. Consideration would be given for candidates that have solely law firm experience.
• Demonstrated ability to effectively work through conflict and resolve issues with a professional demeanor.
• Ability to make sound decisions and negotiate terms and conditions within a designated authority limit.
• Time management skills with the ability to manage multiple priorities with attention to detail, work in a fast-paced environment and be able to effectively prioritize projects and assignments for multiple internal clients.
• Strong verbal and written communication skills with the ability to clearly articulate coverage determinations.
• Ability to build and maintain effective and collaborative relationships with colleagues, customers, and business partners.
• Must be a self-starter and work independently.
• Strong knowledge of Microsoft Office products as well as claims system skills required.

The Ascot Way

Embody The Ascot Way in their daily interaction with colleagues, fostering colleague engagement and development, collaboration, inclusivity, and individual accountability.

Compensation

Actual base pay could vary and may be above or below the listed range based on factors including but not limited to experience, subject matter expertise, and skills. The base pay is just one component of Ascot’s total compensation package for employees. Other rewards may include annual cash bonus, and other forms of discretionary compensation awarded by the Company. The annualized base pay range for this role is: $135,000 - $150,000.

Company Benefits

The Company provides a competitive benefits package that includes the following (eligibility requirements apply): Health and Welfare Benefits, Leave Benefits, Retirement Benefits, and more.