Attorney in Rosemont, IL

In-House

Rosemont, IL

Attorney in Rosemont, IL

Non-practicing Attorney

5-10 yrs required

No

Job Title:
Senior Claims Examiner, Miscellaneous Professional Liability

Job Responsibilities:
The Senior Claims Examiner is tasked with managing and resolving claims of moderate to high complexity and exposure, often subject to disputes requiring mediation or litigation. Key responsibilities include:

- Investigating, negotiating, and settling complex primary and excess policy miscellaneous professional liability claims. This includes claims against professionals such as real estate brokers/agents, title agents, escrow agents, accountants, insurance agents and brokers, home inspectors, information technology consultants, debt collectors, medical billing consultants, and utility inspectors.
- Analyzing coverage under primary and excess professional liability insurance policies, making determinations, drafting routine and complex coverage correspondence, and effectively communicating coverage positions to policyholders and stakeholders.
- Managing litigation nationwide against insureds by appointing, directing, and managing defense counsel, and working towards expeditious and economical resolution of claims.
- Assisting the company's claims vendor management, disbursement, and legal collections teams with defense counsel, bill payment, and collection issues.
- Communicating with underwriting to manage claims and alert them of significant developments.
- Promptly updating the Claims Manager on adverse case developments and providing information on pertinent issues affecting the miscellaneous professional liability product line.
- Collaborating within a team environment, analyzing complex issues, recognizing alternative approaches, and developing action plans in both oral and written forms.
- Adhering to the company's guidelines and procedures, ensuring proper internal reporting, and contributing to the implementation of various initiatives led by the Claims Manager.
- Participating in agent-related functions and meetings as required and actively engaging in the training and development of other claims examiners.

Education and Experience Information:
- 5-10+ years of professional liability claims or litigation experience is required. Experience with excess liability (quota share, first layer, and high layer) claims or litigation is a plus.
- A college degree and/or professional designation is required, with a JD being preferred.
- Candidates must possess excellent written and oral communication skills, a sound comprehension of insurance coverage posed by professional liability policies, and the ability to analyze and convey complex issues.
- Experience in determining contractual obligations, conducting insurance coverage analyses, and managing investigations is essential. Insurance coverage litigation experience is a plus.
- The ability to manage complex litigation, set loss and expense reserves, and evaluate settlement values is necessary.
- Candidates should be able to work collaboratively and as team players within the Unit and Professional Liability Division.
- Proactive self-management of a caseload and the ability to travel as necessary (approximately 10%) are required.
- The company offers hybrid working schedules of 3 days in the office and 2 days remote.

Salary Information:
The base salary for the position ranges from $73,600 to $122,600, with a 15% bonus potential. The salary offered will be based on factors such as job-relevant education, experience, training, licensure, demonstrated competencies, geographic location, and other factors.

Additional Information:
The company is a Fortune 500 holding company for insurance, reinsurance, specialist advisory, and investment operations with over 60 offices in 20+ countries. It offers competitive benefit programs, including multiple health, dental, and vision insurance plan options, life, disability, and AD&D insurance, a 401(k) with employer match contributions, an Employee Stock Purchase Plan, PTO, corporate holidays, floating holidays, and parental leave.

The company is committed to equal opportunity employment and does not discriminate based on any protected characteristic. It also warns candidates about employment scams and advises them to report such scams. The company requires US Work Authorization and does not provide visa sponsorship for this position.