Senior Claims Specialist - Cyber

Min 4 yrs required

Full-time

No

• Diversity, Equity and Inclusion: Creating an environment that values differences and promotes equitable access to opportunities and resources.

Job Summary:

Everest Insurance Company is seeking an experienced Senior Claims Specialist to join their Cyber Claims Department in New York City. The ideal candidate should possess the ability to handle Cyber claims, analyze insurance coverage issues, and resolve claims according to certain Best Practices and within stated authority limits. This position will report to the Director of Cyber Claims and offers a competitive salary ranging from $110,000 to $170,000 annually.

Responsibilities:

• Intake, investigate, determine coverage, manage and resolve Cyber, Privacy, Media and Tech E&O claims
• Review and analyze complex coverage issues and preparation of coverage position letters
• Handle demanding and complex first party Cyber Claims, including Data Breaches, Business Interruption, Contingent Business Interruption, and Extortion claims
• Handle third party privacy liability, PCI, Regulatory, Media and Tech E&O claims, resolving claims effectively and efficiently
• Assist with emergencies on a rotational on-call schedule
• Management and review of budgets, restoration plans and Business Interruption Income Proofs of Loss
• Investigation, analysis and evaluation of liability and damages
• Management and direction of outside counsel as well as reviewing & approving legal budgets and bills
• Preparation of case summary reports related to matters of significant reserve and trial activity
• Timely and appropriate setting of case reserves
• Development and execution of claim strategies as well as resolution strategies
• Negotiation and resolution of cases
• Attend mediations
• Working with underwriters supporting policy construction and drafting, reporting claim trends, data analysis and risk assessment
• Extensive communication with insureds, brokers, reinsurers and business unit contacts
• Attend client meetings and industry functions to support retention and development of client relationships and business

Skills & Qualifications:

• Relevant experiences: A broad Insurance experience, including understanding of policy language, coverages, ethics and claim practices. Legal experience, including litigation, class action, regulatory, breach response, coverage would also be helpful. Cyber experience or understanding, including computer security, forensics, and network restoration, would also be helpful.
• Multi-tasking and prioritization skills
• Persuasive and efficient writing
• Legal and insurance claim resolution skills, including negotiations
• Accounting
• Data analysis
• Quick learning
• Collaboration
• Independence
• Problem solving
• MS Office Suite and ability to learn constantly improving program
• 4+ years of professional liability claims experience
• Strong oral and written communication skills
• Strong analytical and organizational skills
• Strong negotiation and investigation skills
• Excellent interpersonal skills
• Ability to evaluate coverage issues involving a wide variety of loss scenarios
• Ability to think strategically
• In-depth knowledge of the litigation, arbitration, and trial process
• Currently holds or readily can obtain all required adjuster licenses
• Knowledge of the insurance industry, claims and the insurance legal and regulatory environment
• Knowledge of claims handling or insurance legal statutes and procedures
• Ability to identify and use relevant data and metrics to best manage claims
• Collaborative mind-set and willingness to work with people outside immediate reporting hierarchy to improve processes and generate optimal departmental efficiency
• Ability to and willingness to present to senior management and other group settings
• Ability to influence others and resolve complex, disputed claims
• JD Required (Currently Licensed)
• Travel is required

Salary:

The base salary range for this position is $110,000-$170,000 annually. The offered rate of compensation will be based on individual education, experience, qualifications and work location.

At Everest Insurance, we provide the world with protection and are committed to recruiting and retaining the most talented individuals in the industry. We offer a dynamic work environment and a competitive compensation and benefit package which includes a 401k plan, retirement/savings option, tuition reimbursement, medical, dental, vision, life and group legal plans. All qualified applicants will receive consideration for employment without regard to race, color, religion or creed, sex (including pregnancy), sexual orientation, gender identity or expression, national origin or ancestry, citizenship, genetics, physical or mental disability, age, marital status, civil union status, family or parental status, veteran status, or any other characteristic protected by law.

responsibilities include, but are not limited to:

intake, investigate, determine coverage, manage and resolve cyber, privacy, media and tech e&o claims
review and analyze complex coverage issues and preparation of coverage position letters
handle demanding and complex first party cyber claims, including data breaches, business interruption, contingent business interruption, and extortion claims
handle third party privacy liability, pci, regulatory, media and tech e&o claims, resolving claims effectively and efficiently
assist with emergencies on a rotational on-call schedule
management and review of budgets, restoration plans and business interruption income proofs of loss
investigation, analysis and evaluation of liability and damages
management and direction of outside counsel as well as reviewing & approving legal budgets and bills
preparation of case summary reports related to matters of significant reserve and trial activity
timely and appropriate setting of case reserves
development and execution of claim strategies as well as resolution strategies
negotiation and resolution of cases
attend mediations
working with underwriters supporting policy construction and drafting, reporting claim trends, data analysis and risk assessment
extensive communication with insureds, brokers, reinsurers and business unit contacts
attend client meetings and industry functions to support retention and development of client relationships and business

skills

relevant experiences: a broad insurance experience, including understanding of policy language, coverages, ethics and claim practices. strong oral and written communication skills
strong analytical and organizational skills
strong negotiation and investigation skills
excellent interpersonal skills
ability to evaluate coverage issues involving a wide variety of loss scenarios
ability to think strategically
in-depth knowledge of the litigation, arbitration, and trial process
currently holds or readily can obtain all required adjuster licenses
knowledge of the insurance industry, claims and the insurance legal and regulatory environment
knowledge of claims handling or insurance legal statutes and procedures
ability to identify and use relevant data and metrics to best manage claims
collaborative mind-set and willingness to work with people outside immediate reporting hierarchy to improve processes and generate optimal departmental efficiency
ability to and willingness to present to senior management and other group settings

ability to influence others and resolve complex, disputed claims
jd required (currently licensed)
travel is required

everest is committed to recruiting and retaining the most talented individuals in the industry

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