Job Details

Claims Consulting Director Financial Institutions

Company name

CNA.

Organization Type

In-House

Job Type

Attorney

Date Last Verified

May 16,2019

Valid Through

Aug 29,2019

Posted on

Mar 29,2019

Years of Experience

Min 10 yrs required

Location

Chicago, IL, United States

Employment Type

Full-time

Industry

Legal
Practice Area
Finance >> Finance - General
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Claims Consulting Director - Financial Institutions
Reference Id: CLA00026U
The candidate will manages the most complex investigations of claims, including coverage defenses, liability and damages exposures. Determines if a major claim should be settled or litigated and implements an appropriate resolution strategy accordingly. Effectively manages loss costs and claim expenses on major claims. Directs all types of investigative activity or litigation on major claims and ensures adequate and timely reserves are set. Consults and collaborates with staff counsel or panel attorneys regarding discovery and litigation strategy. Directs and may engage in the negotiation of the most complex settlement packages to drive cost effective and timely settlements. Makes recommendations to and participates with senior management and business leaders in the development and implementation of claims policy and business strategy. Actively pursues and identifies ways to reduce inefficiencies in claims processes. Utilizes oral presentation and writing skills to escalate or efficiently communicate appropriate exposures to senior claims management and other internal business partners, as needed. Keeps current on state/territory regulations and issues industry activity and trends. May represent company in industry trade groups or other important events involving external business partners and clients. Mentors and guides less experienced claims staff and other functional areas. Contributes to the development of claim training. Responsible for special claims projects and presentations. Identifies trends in complex claims and settlement strategies and communicates to senior management. Bachelor's degree or equivalent experience. Professional designations preferred. Should have 10+ years’ claims experience with proven track record of success.

Company info

Hiring Coordinator
CNA.
333 S. Wabash
Chicago, IL 60604

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