Management Liability Claims Specialist

This role works a hybrid schedule from an IAT Office. The hybrid schedule requires working from the office with colleagues 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.
• Must be 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 conclusions 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.