Claims Consultant - Mass Tort

CNA • Chicago, IL

15d • $120,000 - $164,000 • Hybrid

About The Position

You have a clear vision of where your career can go. And we have the leadership to help you get there. At CNA, we strive to create a culture in which people know they matter and are part of something important, ensuring the abilities of all employees are used to their fullest potential. This individual contributor position works under general direction to manage a variety of high exposure and complex litigation claims involving loss types such as sexual molestation, latent injury product hazards, social media/AI/video game addiction, pollution, PFAS/AFFF, and other mass tort general liability claims. Responsibilities include the coordination of all claim resolution activities in accordance with company protocols, while achieving quality and customer service standards. Position requires regular communication with customers and insureds, a high degree of technical expertise, and strong negotiation skills. Enjoy a flexible, hybrid schedule and collaborate with top professionals across multiple CNA offices. We are open to all CNA office locations with a preference for Chicago, IL, Glastonbury, CT, New York City, NY, Princeton/Warren, NJ, or Los Angeles, CA. JOB DESCRIPTION: Job Description Performs a combination of duties in accordance with departmental guidelines: Manages an inventory of highly complex commercial litigation with large exposures that require a high degree of technical expertise and coordination, by following company protocols to verify policy coverage, conduct investigations, develop and employ resolution strategies, which may include pursuit of risk transfer, extensive negotiations, and management of complex litigation. Investigates and analyzes policy language in order to recommend and prepare coverage determinations. Ensures exceptional customer service by managing all aspects of the claim, interacting professionally and effectively with insureds, claimants, and business partners. Provides timely updates and responds promptly to inquiries and requests for information. Sets and manages timely and adequate reserves considering coverage, liability, and damages. Moves claims to closure with a high degree of independence and proactive claim handling and by collaborating with internal and external business partners, as appropriate, to develop, own, and execute a claim resolution strategy. Keeps leadership informed of significant risks and losses by projecting exposure and completing loss summaries and similar reporting. Prepares and presents claim status and evaluation to leadership. Maintains subject matter expertise and ensures compliance with state/local regulatory requirements. Mentors, guides, develops, and delivers training to less experienced Claim Professionals. May perform additional duties as assigned. Reporting Relationship Typically Managing Director or above

Requirements

• Thorough knowledge of the commercial insurance industry, products, policy language, coverage, and claim practices.
• Strong communication and presentation skills both verbal and written, including the ability to communicate business and technical information clearly.
• Demonstrated analytical and investigative mindset with critical thinking skills and ability to make sound business decisions, and to effectively evaluate and resolve ambiguous and challenging business problems.
• Strong work ethic with demonstrated time management, organizational skills, sound judgment, and an ability to work independently.
• Ability to work in a fast-paced environment at high levels of productivity on complex matters.
• Demonstrated ability to negotiate complex settlements.
• Experience interpreting general liability insurance policies and coverage issues including disputes related to number of occurrences, trigger and allocation.
• Ability to manage multiple and shifting priorities.
• Knowledge of Microsoft Office Suite and ability to learn business-related software.
• Demonstrated ability to value diverse opinions and ideas.
• JD preferred or Bachelor's Degree with equivalent experience in claims handling
• Typically a minimum six years of relevant experience, preferably in claim handling
• Must have or be able to obtain and maintain an Insurance Adjuster License within 90 days of hire where applicable.
• Negotiation experience, including mediations.

Nice To Haves

• Abuse, product liability, pollution, and/or high severity general liability claims experience strongly preferred.

Responsibilities

• Manages an inventory of highly complex commercial litigation with large exposures that require a high degree of technical expertise and coordination, by following company protocols to verify policy coverage, conduct investigations, develop and employ resolution strategies, which may include pursuit of risk transfer, extensive negotiations, and management of complex litigation.
• Investigates and analyzes policy language in order to recommend and prepare coverage determinations.
• Ensures exceptional customer service by managing all aspects of the claim, interacting professionally and effectively with insureds, claimants, and business partners.
• Provides timely updates and responds promptly to inquiries and requests for information.
• Sets and manages timely and adequate reserves considering coverage, liability, and damages.
• Moves claims to closure with a high degree of independence and proactive claim handling and by collaborating with internal and external business partners, as appropriate, to develop, own, and execute a claim resolution strategy.
• Keeps leadership informed of significant risks and losses by projecting exposure and completing loss summaries and similar reporting.
• Prepares and presents claim status and evaluation to leadership.
• Maintains subject matter expertise and ensures compliance with state/local regulatory requirements.
• Mentors, guides, develops, and delivers training to less experienced Claim Professionals.
• May perform additional duties as assigned.

Benefits

• CNA offers a comprehensive and competitive benefits package to help our employees – and their family members – achieve their physical, financial, emotional and social wellbeing goals.
• For a detailed look at CNA’s benefits, please visit cnabenefits.com .
• CNA is committed to providing reasonable accommodations to qualified individuals with disabilities in the recruitment process. To request an accommodation, please contact [email protected] .

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees