Management Liability Claims Specialist

Responsibilities

• Handle Management Liability Claims (EPL, D&O, Fiduciary and Crime) for Private and Non-Profit businesses based on Claim Guidelines
• Thoroughly analyze, investigate, negotiate and resolve all levels of severity claims
• Selects, directs and manages defense counsel including approval of budgets
• Develops litigation/file disposition strategy. Attends mediations, settlement conferences and trials
• Verifies/analyzes applicable coverage for the reported claims
• Follows operational policies and procedures, including compliance, regulatory and performance and customer service standards
• Prepares reports, including Large Loss Reports, to management which accurately reflects loss development, potential/actual financial exposure, coverage issues, claim and recovery strategies
• Establishes 24-hour contact and maintain appropriate contact with all involved stakeholders throughout the life of the claim file
• Identifies and addresses recovery/contribution/SIU opportunities
• Sets accurate/timely loss/expense reserves in compliance with Claim Guidelines
• Drafts correspondence, including but not limited to, coverage letters to stakeholders as required
• Supports business partners on an as needed basis on various claim and underwriting related issues and marketing meetings
• Maintains resident/nonresident adjuster licenses as required
• Performs other duties as assigned

Qualifications

• Must have a Bachelor’s Degree with 5+ years of management liability claims experience (including handling employment liability practices, directors & officers’ liability and fiduciary liability coverages)
• In lieu of a Bachelor’s Degree with 5+ years of management liability claims, a high school diploma/GED with 9+ years of relevant litigation claims experience may be considered
• Excellent coverage analysis skills with experience in drafting coverage position correspondence
• Experience handling litigated files and direction of defense counsel
• Excellent negotiation skills
• Willingness to travel, average 1 day a month
• Claims Licensure as required by respective state(s)
• Excellent oral and written communication skills
• Able to organize, multi-task and prioritize work
• Excellent customer service and interpersonal skills
• Able to analyze data, utilize sound judgment to draw conclusions and make supported decisions