Senior Claims Counsel - Financial Institutions/Public D&O

Job Description

The Senior Claim Counsel position in the Financial Lines Claim team focuses on high severity D&O and E&O claims under policies issued to Public Companies and Financial Institutions. The ideal candidate should have at least twelve years of relevant experience.

• Handles complex, high severity financial lines claims requiring legal analysis of complicated liability, damages, and coverage issues.
• Drafts coverage letters, memos, and reports.
• Represents CNA in settlement negotiations with independent authority to commit CNA.
• Interacts with multiple parties (e.g., insureds, brokers, counsel, claimants, and mediators).
• Directs and manages coverage counsel and coverage litigation against CNA.
• PARTNERS WITH UNDERWRITERS, PRODUCT COUNSEL, AND ACTUARY TO EFFECTIVELY RESPOND TO POLICY WORDING AND/OR CLAIM RELATED INQUIRIES.
• COLLABORATES DIRECTLY WITH BROKERS AND CUSTOMERS TO ADDRESS SIMILAR ISSUES.
• MEETS WITH BROKERS AND EXISTING OR PROSPECTIVE CLIENTS AS PART OF BUSINESS MARKETING, GROWTH, AND RETENTION STRATEGIES.
• WORKS WITH SENIOR CLAIM, UNDERWRITING, AND PRODUCT LEADERSHIP TO DEVELOP AND ANALYZE NEW PRODUCTS AND TO IDENTIFY, EVALUATE, AND TRACK CLAIM TRENDS AND ISSUES.
• PROVIDES TECHNICAL GUIDANCE TO AND OVERSIGHT OF JUNIOR STAFF MEMBERS.
• DEVELOPS AND PRESENTS TRAINING ON KEY LEGAL AND INDUSTRY ISSUES/TRENDS FOR THE FINANCIAL LINES TEAM (CLAIMS, UNDERWRITING, PRODUCT, AND ACTUARY).
• REPRESENTS CNA ON PANELS AT INDUSTRY CONFERENCES.
• MAY PERFORM ADDITIONAL DUTIES AS ASSIGNED.

Skills, Knowledge & Abilities

• Senior level advanced knowledge of the theories, principles, practices, and procedures of litigation management.
• The highest level of technical and product specific expertise, claims resolution skill, and knowledge of insurance and claims principles, practices, and procedures.
• Excellent interpersonal skills, verbal and written communication, and negotiation and presentation skills.
• Ability to exercise independent judgment and to work with and maintain confidential and sensitive information.
• Excellent analytical and problem-solving skills, and senior level skill in managing ambiguous situations and issues.
• Proven ability to take a proactive long-term view of business goals and objectives in order to achieve strategic business results.
• Knowledge of Microsoft Office Suite and other business-related software.

Education & Experience

• Bachelor's degree with JD, and admission to the bar of at least one state.
• Typically a minimum of twelve years of claims and/or legal experience with a proven track record of exceptional claim results.

Benefits

CNA offers a comprehensive and competitive benefits package to help employees – and their family members – achieve their physical, financial, emotional, and social wellbeing goals. For a detailed look at CNA’s benefits, please visit cnabenefits.com.