Attorney in Chicago, IL

In-House

Chicago, IL

Attorney in Chicago, IL

Non-practicing Attorney

No

Job Title: AVP, Risk Consulting

Job Responsibilities:
The AVP, Risk Consulting at the company is tasked with a comprehensive set of responsibilities centered around analyzing potential financial impacts at a per-policy level for asbestos, environmental, other long-term exposure, and complex claims. The role involves:

- Creating Excel models to assess risk-weighted exposure to company policies for specific claims, considering different potential damages values, trigger and allocation rules, coverage defenses, and other related parameters.
- Advising claim teams and management on modeling results, focusing on parameters that significantly affect the company's potential exposure.
- Calculating carriers’ percentage shares for cost-share agreements under applicable allocation rules and evaluating the potential financial impact on the company.
- Reviewing, evaluating, and critiquing models, settlement proposals, and allocation proposals from counterparties, and presenting analysis results to claim teams and management.
- Interfacing with counterparties’ modelers to understand and evaluate the parameters used in their modeling.
- Assisting claim teams and management by providing strategic analysis input for resolving coverage disputes.
- Reviewing draft allocations and other calculations prepared by claim handlers or counsel for accuracy.
- Creating graphic coverage charts using a pre-packaged program.
- Responding to internal requests for information from management, reinsurers, auditors, etc.
- Preparing timely and accurate reports regarding work performed.
- Providing the highest levels of service to company business partners.
- Mentoring and assisting colleagues, sharing technical expertise with other staff members.
- Identifying opportunities to enhance operations and achieve organizational objectives, communicating suggestions constructively and positively.
- Some travel may be required.

Education and Experience Information:
Minimum Requirements:
- High degree of technical competence with Excel, including writing complex formulae.
- Strong analytical skills.
- A 4-year college degree.
- Preferred degree in law, actuarial science, or accounting/finance.

Desired Qualifications:
- High degree of experience in insurance coverage, preferably in asbestos, environmental, and other long-tail claims.
- Superior oral and written communication skills.
- Organization and time management skills.
- Experience in a collaborative work environment.
- Working knowledge of using Visual Basic to create macros in Excel.
- Working knowledge of other Microsoft Office utilities.

Salary Information:
The job description does not provide specific salary information.

Additional Information:
The company is a global leader in insurance, operating in 54 countries and providing a wide range of insurance products and services. The company is committed to equal employment opportunity and compliance with all related laws and regulations. The company’s employment policy prohibits discrimination and harassment, ensuring that performance and qualifications are the sole basis for hiring, promoting, and compensating employees. The legal employer for this position is Century Indemnity Company, and the job category is Claims Adjusting within the United States business unit. The job is a full-time, regular position, with a posting date of June 10, 2025.