Attorney in Tarrytown, NY

In-House

Tarrytown, NY

Attorney in Tarrytown, NY

Non-practicing Attorney

6-6 yrs required

No

Job Title: Complex Claims Consultant - Financial Lines/Public D&O

Job Responsibilities:

- Manage an inventory of highly complex litigated claims with large exposures, requiring specialized technical expertise and coordination. Verify policy coverage, conduct investigations, develop and execute resolution strategies, and authorize disbursements within authority limits. This includes analyzing complex coverage issues with strong coverage acumen involving multiple coverages and coverage parts.
- Ensure exceptional customer service by managing all aspects of the claim, interacting and communicating professionally and effectively, achieving quality and cycle time standards, providing timely updates, and responding promptly to inquiries and requests for information.
- Verify coverage and establish timely and adequate reserves by reviewing and interpreting policy language, partnering with coverage counsel on more complex matters, estimating potential claim valuation, and following company claim handling protocols.
- Lead focused investigations to determine independent assessments of liability and damages by gathering pertinent information, such as contracts or other documents, necessary to verify the facts of the claim.
- Resolve claims by collaborating with internal and external business partners to develop, own, and execute a claim resolution strategy. This includes managing timely and adequate reserves, collaborating with coverage experts, negotiating complex settlements, partnering with counsel to manage complex litigation, and authorizing payments within the scope of authority. Directly negotiate and resolve cases where appropriate and participate in mediations and settlement conferences to resolve files. Attend trial as necessary.
- Establish and manage claim budgets by achieving timely claim resolution, selecting and actively overseeing appropriate resources, authorizing expense payments, and delivering high-quality service efficiently.
- Realize and address subrogation/salvage opportunities or potential fraud occurrences by evaluating the facts of the claim and making referrals to appropriate Claim, Recovery, or SIU resources for further investigation.
- Achieve quality standards by appropriately managing each claim to ensure that all company protocols are followed, work is accurate and timely, all files are properly documented, and claims are resolved and paid timely.
- Keep senior leadership informed of significant risks and losses by completing loss summaries, identifying claims to include on oversight list, and preparing and presenting succinct summaries to senior management.
- Maintain subject matter expertise and ensure compliance with state/local regulatory requirements by following company guidelines and staying current on commercial insurance laws, regulations, or trends for the line of business.
- Mentor, guide, develop, and deliver training to less experienced Claim Professionals.

Education & Experience:

- Bachelor's Degree or equivalent experience. Juris Doctorate is preferred.
- Typically a minimum of six years of relevant experience, preferably in Professional Liability claim handling or a minimum of six years in a law firm handling Professional Liability matters.
- Must have or be able to obtain and maintain an Insurance Adjuster License within 90 days of hire, where applicable.
- Prior negotiation experience.
- Professional designations preferred (., CPCU).

Salary Information:

In certain jurisdictions, Company is legally required to include a reasonable estimate of the compensation for this role. In District of Columbia, California, Colorado, Connecticut, Illinois, Maryland, Massachusetts, New York, and Washington, the national base pay range for this job level is $72,000 to $141,000 annually. Salary determinations are based on various factors, including but not limited to, relevant work experience, skills, certifications, and location. Company offers a comprehensive and competitive benefits package to help employees and their family members achieve their physical, financial, emotional, and social wellbeing goals.