Litigation Counsel, Financial Products

Aegis • Jersey City, NJ

2d • $120,000 - $150,000 • Hybrid

About The Position

AEGIS Insurance Services, Inc. (“AEGIS”) has an immediate opening for a Litigation Counsel responsible for overseeing an inventory of complex Professional Liability claims at the excess level. The candidate will effectively manage assigned claims and provide claims services and appropriate advice to AEGIS and its Members-Policyholders.

Requirements

• Minimum 5 to 8 years of experience in insurance claims or related legal field
• Experience with coverage analysis, litigation procedures, and management/negotiation of large and/or complex claims
• Law degree from an ABA accredited school and admission to a state bar
• Proficiency with Microsoft Office: Specifically Word, Excel, and PowerPoint
• Ability to effectively present to varied audiences
• Develops and maintains effective working relationships as a team member and across divisions; readily collaborates and shares information, seeks and provides constructive feedback, and supports a respectful workplace
• Proactively addresses opportunities to enhance AEGIS’ people, processes, products, and services, takes ownership for one’s responsibilities by acting with integrity and in the best interest of the organization and stakeholders
• Demonstrates a solution-focus, displays thoroughness and accuracy through quality deliverables, and demonstrates persistence and perseverance in achieving concrete and tangible outcomes
• Conveys a genuine desire and ability to anticipate and meet customer needs and creates and nurtures mutually beneficial relationships within AEGIS and with AEGIS Members and brokers

Nice To Haves

• Experience managing D&O, Fiduciary, EPL and/or Cyber claims a plus
• Professional insurance designations a plus
• Working knowledge of the energy industry a plus

Responsibilities

• Management of Assigned Claims
• Achieve timely and proper coverage analysis and verification, and effectively communicate AEGIS’ coverage positions on assigned claims
• Achieve timely and accurate evaluation of liability and damages
• Achieve timely and adequate establishment and adjustment of UNL and NUNL reserves reflecting AEGIS’ ultimate probable cost/exposure
• Achieve timely and appropriate reporting to file, claims management and reinsurers, as needed
• Provide advice, technical assistance and case management direction to insureds’ claim professionals and defense attorneys in the investigation, evaluation, negotiation, settlement and defense of claims and litigation, as appropriate
• Conduct or participate in settlement negotiations in conjunction with insured’s personnel and counsel, when appropriate
• Consult with Claims management and the Claims Review Committee, as required, in the evaluation and management of assigned claims
• Assist in the development of policy and standards for the Claims Division
• Foster and maintain good working relationships with insureds, counsel, brokers, and reinsurers
• As requested, provide advice and guidance to AEGIS colleagues in the evaluation and management of claims, analysis of coverage issues and in the research and review of statutory and common law
• Ensure the smooth operation of the department when the Claims management team is unavailable
• Keep abreast of developments in the law and their applicability and impact on claims

Benefits

• In addition to base salary, AEGIS employees are eligible to participate in the Company’s annual incentive program, with competitive awards based on corporate and individual performance.
• Health & Wellness: Medical, dental, vision, mental health support and employee assistance programs
• Retirement: 401(k) with matching contribution
• Income Protection: Life, disability, accident and critical illness insurance
• Time Off: Vacation days, sick days, holidays and family/military leave options
• Other: Commuter benefits, pet insurance, hybrid work schedule
• Growth: Tuition assistance and professional development opportunities

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Ph.D. or professional degree