Management Liability Claims Specialist

This role works a hybrid schedule from an IAT Office. The hybrid schedule requires working from the office with colleagues and other disciplines Monday through Wednesday, with the option of working Thursday and Friday remotely.

Responsibilities

• Handle 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
• Select, direct and manage defense counsel including approval of budgets
• Develop litigation/file disposition strategy; attend mediations, settlement conferences and trials
• Verify/analyze 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
• Establish 24-hour contact and maintain appropriate contact with all involved stakeholders throughout the life of the claim file
• Identify and address recovery/contribution/SIU opportunities
• Set accurate/timely loss/expense reserves in compliance with Claim Guidelines
• Draft 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
• Maintain resident/nonresident adjuster licenses as required
• Perform other duties as assigned

Qualifications

Must Have:

• Bachelor’s Degree with 5+ years of management liability claims experience (including handling employment liability practices, directors & officers’ liability and fiduciary liability coverages) or equivalent
• Equivalent experience is defined as 9+ years of relevant claims experience, specifically claims involving litigation
• Excellent coverage analysis skills with experience in drafting coverage position correspondence
• Experience handling litigated files and direction of defense counsel
• Excellent negotiation skills
• Willing to travel, average 1 day a month
• Claims 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
• Authorized to work in the United States and must not require, now or in the future, VISA sponsorship for employment purposes

Preferred:

• CPCU and other insurance related studies

Pay

The annual gross salary range for this position is $60,600 – $95,700. Actual salaries will vary based on factors such as a candidate's qualifications, skills, competencies, and geographical location related to this specific role.

Benefits

• 26 PTO Days (Entry Level) + 12 Company Holidays = 38 Paid Days Off
• 7% 401(k) Company Match and additional Profit Sharing
• Hybrid work environment
• Numerous training and development opportunities to assist you in furthering your career
• Healthcare and Wellness Programs
• Opportunity to earn performance-based bonuses
• College Loan Assistance Support Plan
• Educational Assistance Program
• Mentorship Program
• Dress for Your Day Policy