Senior Claims Specialist - Management Liability

About the role

This role is on the Management Liability – Complex Retail Financial Institutions claims team, which handles excess and primary claims for directors and officers, investment advisors, banker’s professional liability, insurance company professional liability, and related lines. The selected individual will gain expertise in financial lines claims and coverage while engaging with sophisticated insureds and resolving complex disputes.

Responsibilities

• Manage a diverse range of liability claims, including Public D&O, Private D&O, Private Equity, Investment Advisors, Bankers Professional Liability, and Insurance Company Professional Liability.
• Determine the appropriate valuation of complex claims, recommend settlement strategies, and adhere to company policies.
• Collaborate with insureds, brokers, and partners effectively.
• Travel to distinctive destinations to participate in mediations, observe trials, and strengthen relationships with vital AXIS partners.
• Escalate coverage concerns to internal teams and collaborate with external coverage attorneys when specific assignments necessitate their involvement.
• Develop claims and litigation strategies, delegate tasks, and oversee the work of external legal advisors effectively.
• Assist with underwriting inquiries while analyzing claim trends, conducting data analysis, and performing comprehensive risk assessments to support decision-making processes.
• Keep precise records of claim activities and promptly update systems with all relevant details ensuring accuracy and efficiency.

Requirements

• Hold a Juris Doctorate.
• Operate efficiently in settings with high visibility, shifting deadlines, and evolving expectations while staying focused and achieving outcomes.
• Demonstrate organizational abilities and solve problems effectively.
• Exhibit outstanding skill in verbal communication and written expression.
• Showcase skill as a litigator or litigation manager, well-versed in dispute resolution.
• Write coverage letters independently with precision and attention to detail, ensuring accuracy in all aspects of the work.

Role Factors

Travel is associated with this role. The role requires you to be in office 3 days per week and adhere to AXIS licensing requirements.

Pay

For this position, we currently expect to offer a base salary in the range of $130,000 – $160,000. Your salary offer will be based on an assessment of a variety of factors including your specific experience and work location. In addition, you will be offered competitive target incentive compensation, with awards based on overall corporate and individual performance.

Benefits

• Comprehensive and competitive benefits package including medical plans for you and your family
• Health and wellness programs
• Retirement plans
• Tuition reimbursement
• Paid vacation