Associate Claims Counsel - Management Liability

IAT Insurance Group•Plano, TX

1d•$75,000 - $100,000•Hybrid

About The Position

IAT has an immediate need for an Associate Claims Counsel in our Management Liability Claims Unit that can be located in any of our IAT locations. This role is a true complex claims handling role that is tasked with managing all lines of Management Liability Claims under our Management liability policies. The ideal candidate for this role will have 0-3 years of experience as a claim professional with experience handling Management liability claims including, Employment Practices liability, Directors and Officers Liability, Fiduciary Liability, as well as Crime claims on a national basis. This role works a hybrid schedule from any IAT office location. The hybrid schedule reflects our values (thinking and acting like an owner, collaboration, and teamwork) as it requires working from the office with colleagues and other disciplines Monday through Wednesday, with the option of working Thursday and Friday remotely.

Requirements

Juris Doctorate required
Properly licensed, registered or authorized, and in good standing, to practice law in the jurisdiction in which you will be working
0-3 years management liability claim experience, including handling employment liability practices, directors & officers’ liability and fiduciary liability coverages
Excellent coverage analysis skills with experience in drafting coverage position correspondence
Experience handling litigated files and direction of defense counsel a plus
Excellent negotiation skills
Must be willing to travel, average 1 day a month
Claims Licensure as required by respective state(s)
CPCU and other insurance related studies are beneficial
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 conclusion and make supported decisions
To qualify, applicants must be authorized to work in the United States and must not require, now or in the future, VISA sponsorship for employment purposes

Nice To Haves

CPCU and other insurance related studies

Responsibilities

Responsible for handling Management Liability Claims (EPL, D&O, Fiduciary and Crime) for Private and Non-Profit businesses based on Claim Guidelines
Within authority limit, thoroughly analyze, investigate, negotiate and resolve all levels of severity claims
Selects, directs and manages defense counsel including approval of budgets
Develops litigation/file disposition strategy. Attends mediations, settlement conferences and trials
Verifies/analyzes applicable coverage for the reported claims
Follow operational policies and procedures, including compliance, regulatory and performance and customer service standards
Prepare reports, including Large Loss Reports, to management which accurately reflects loss development, potential/actual financial exposure, coverage issues, claim and recovery strategies
Establishes 24-hour contact and maintain appropriate contact with all involved stakeholders throughout the life of the claim file
Identifies and addresses recovery/contribution/SIU opportunities
Sets accurate/timely loss/expense reserves in compliance with Claim Guidelines.
Drafts correspondence, including but not limited to, coverage letters to stakeholders as required
Support business partners on an as needed basis on various claim and underwriting related issues and marketing meetings
Maintains resident/nonresident adjuster licenses as required
Performs other duties as assigned