Job Title:
Associate Claim Counsel, Bond & SI – Condo/HOA
Job Responsibilities:
- Follow operational policies to analyze, investigate, and resolve Bond & Specialty Insurance (BSI) claims of varying levels of severity under active supervision from claims management.
- Prepare and present reports for management that accurately reflect loss development, potential/actual financial exposure, reserve adjustments, coverage issues, and claim and recovery strategies.
- Retain, monitor, and manage outside counsel actively utilizing litigation management plans and budgets.
- Communicate with underwriting on significant claim exposures.
- Travel to and attend mediations, settlement conferences, claim conferences, field office visits, trials, and depositions.
- Develop the ability to identify all recovery opportunities and coordinate recovery efforts with the Recovery Management Unit and Claim management.
- Refine policy interpretation/coverage analysis skills including drafting coverage opinions with case law included.
- Develop/strengthen the ability to negotiate settlements/resolutions, review releases and settlement agreements, including confidentiality and non-disclosure provisions.
- Support underwriting marketing efforts, including participation in broker and account visits and risk mitigation seminars and authoring customer-focused white papers and articles.
- Monitor marketplace conditions, conduct research, and draft reference materials to inform claim and underwriting colleagues on law impacting the company's underwriting and claim decisions.
- Obtain and maintain required adjusters’ licenses.
- Perform other duties as assigned.
Education and Experience Information:
- One to five years of relevant legal or claim handling work experience.
- Bachelor’s Degree.
- Juris Doctorate Degree.
- Properly licensed, registered, or authorized, and in good standing, to practice law in the jurisdiction in which you will be working.
Salary Information:
The annual base salary range for this position is $87, – $144,. The actual salary will be determined by a number of factors, including the scope, complexity, and location of the role; the skills, education, training, credentials, and experience of the candidate; and other conditions of employment. Employees are also eligible for performance-based cash incentive awards.
Additional Information:
- Health Insurance: Employees and their eligible family members – including spouses, domestic partners, and children – are eligible for coverage from the first day of employment.
- Retirement: The company matches your 401(k) contributions dollar-for-dollar up to your first 5% of eligible pay, subject to an annual maximum. If you have student loan debt, you can enroll in the Paying it Forward Savings Program. When you make a payment toward your student loan, the company will make an annual contribution into your 401(k) account. You are also eligible for a Pension Plan that is 100% funded by the company.
- Paid Time Off: Start your career with a minimum of 20 days Paid Time Off annually, plus nine paid company Holidays.
- Wellness Program: The wellness program is comprised of tools, discounts, and resources that empower you to achieve your wellness goals and caregiving needs. Additionally, the mental health program provides access to free professional counseling services, health coaching, and other resources to support your daily life needs.
- Volunteer Encouragement: The company has a deep commitment to the communities it serves and encourages employees to get involved. The company has a Matching Gift and Volunteer Rewards program that enables you to give back to the charity of your choice.
Employment Practices:
The company is an equal opportunity employer and values the unique abilities and talents each individual brings to the organization. The company recognizes that it benefits in numerous ways from its differences. Candidates seeking employment in Colorado are not required to disclose dates of attendance at or graduation from educational institutions. The company reserves the right to fill this position at a level above or below the level included in this posting.
