Job Title: Cyber Claim Counsel
Job Responsibilities:
- Follow operational policies to analyze, investigate, and resolve Bond & Specialty Insurance (BSI) claims of varying levels of severity with moderate 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.
- Develop the ability to identify all recovery opportunities and coordinate recovery efforts with the Recovery Management Unit and Claim management.
- Travel to and attend mediations, settlement conferences, claim conferences, field office visits, trials, and depositions.
- Refine policy interpretation/coverage analysis skills including drafting coverage opinions with case law included.
- 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:
- Bachelor’s Degree is required.
- Juris Doctorate Degree is mandatory.
- Properly licensed, registered, or authorized, and in good standing to practice law in the jurisdiction in which you will be working.
- Two years of relevant legal experience is a must-have.
- Five or more years of relevant legal or claim handling work experience is ideal.
- Demonstrated ability to effectively work through conflict and resolve issues with a professional demeanor.
- Ability to make sound decisions and negotiate terms and conditions within designated authority limits.
- Strong verbal and written communication skills with the ability to clearly articulate coverage determinations.
- Time management skills with the ability to manage multiple priorities with attention to detail, data, and analytics.
- Ability to build and maintain effective and collaborative relationships with colleagues, customers, and business partners.
Salary Information:
- The annual base salary range for this position is $106, – $175,.
- The actual salary will be determined by several 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. Employees with student loan debt can enroll in the Paying it Forward Savings Program, where the company makes an annual contribution into your 401(k) account. Employees are also eligible for a Pension Plan that is 100% funded by the company.
- Paid Time Off: Employees start with a minimum of 20 days Paid Time Off annually, plus nine paid company Holidays.
- Wellness Program: The wellness program includes tools, discounts, and resources that empower employees to achieve wellness goals and caregiving needs. The mental health program provides access to free professional counseling services, health coaching, and other resources to support daily life needs.
- Volunteer Encouragement: The company has a deep commitment to the communities it serves and encourages employees to get involved. The Matching Gift and Volunteer Rewards program enables employees to give back to the charity of their choice.
Employment Practices:
- The company is an equal opportunity employer and values the unique abilities and talents each individual brings to the organization, recognizing the benefits from differences.
- In accordance with local law, 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.
