Job Title: Claims Counsel - Management Liability
Job Category: Legal
Requisition Number: CLAIM002710
Job Responsibilities:
The Claims Counsel in the Management Liability Claims Unit is responsible for managing all lines of Management Liability Claims under the company's management liability policies. Key responsibilities include:
- Handling Management Liability Claims for Private and Non-Profit businesses, including Employment Practices liability, Directors and Officers Liability, Fiduciary Liability, Cyber Liability, and Crime claims.
- Analyzing, investigating, negotiating, and resolving claims within authority limits.
- Selecting, directing, and managing defense counsel, including the approval of budgets.
- Developing litigation and file disposition strategies and attending mediations, settlement conferences, and trials.
- Verifying and analyzing applicable coverage for reported claims.
- Following operational policies and procedures, including compliance and regulatory standards.
- Preparing reports, including Large Loss Reports, to management reflecting loss development and financial exposure.
- Establishing 24-hour contact and maintaining appropriate communication with stakeholders throughout the claim file's life.
- Identifying and addressing recovery, contribution, and Special Investigative Unit (SIU) opportunities.
- Setting accurate and timely loss and expense reserves in compliance with Claim Guidelines.
- Drafting correspondence, including coverage letters to stakeholders.
- Supporting business partners on claim and underwriting-related issues and marketing meetings.
- Maintaining resident and non-resident adjuster licenses as required.
- Performing other duties as assigned.
Education and Experience Information:
Must have:
- Bachelor’s degree.
- Juris Doctorate.
- Proper licensure, registration, or authorization to practice law in the jurisdiction of work.
- 3-5 years of management liability claim experience, including handling employment liability practices, directors and officers’ liability, and fiduciary liability coverages, or applicable legal experience.
- Excellent coverage analysis skills with experience in drafting coverage position correspondence.
- Experience in handling litigated files and directing defense counsel.
- Excellent negotiation skills.
- Ability to travel, averaging one day a month.
- Licensure as required by respective state(s).
- Excellent oral and written communication skills.
- Ability to organize, multi-task, and prioritize work.
- Excellent customer service and interpersonal skills.
- Ability to analyze data, utilize sound judgment to draw conclusions, and make supported decisions.
- Authorization to work in the United States without requiring VISA sponsorship.
Salary Information:
The annual gross salary range for this position is $106,400 – $168,100. This range represents the anticipated low and high end of the base salary for this position. Total compensation includes a base salary, performance-based bonuses, 401(K) match, profit-sharing opportunities, and more. Actual salaries will vary based on factors such as candidate qualifications, skills, competencies, and geographical location related to this specific role.
Our Culture:
The company is the largest private, family-owned property and casualty insurer in the . The company emphasizes collaboration and innovation to provide solutions for people and businesses. It is committed to building an open and supportive culture to attract and retain the best talent. Comprehensive benefits include:
- 26 PTO Days (Entry Level) + 12 Company Holidays = 38 Paid Days Off.
- 7% 401(k) Company Match and additional Profit Sharing.
- Hybrid work environment.
- Numerous training and development opportunities.
- Healthcare and Wellness Programs.
- Performance-based bonuses.
- College Loan Assistance Support Plan.
- Educational Assistance Program.
- Mentorship Program.
- Dress for Your Day Policy.
Equal Opportunity Employer:
The company provides equal employment opportunities to all applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. The company maintains a drug-free workplace and participates in E-Verify.
