Professional Liability Senior Claims Specialist
About The Position
About Everest: Everest is a global leader in risk management, rooted in a rich, 50+ year heritage of enabling businesses to survive and thrive, and economies to function and flourish. We are underwriters of risk, growth, progress and opportunity. We are a global team focused on disciplined capital allocation and long-term value creation for all stakeholders, who care deeply about our impact on communities and the wider world. Job Description: The ideal candidate should possess the ability to handle complex Primary and Excess Professional Liability claims. More particularly, the ideal candidate will be able to analyze insurance coverage issues and resolve claims according to certain Best Practices and within stated authority limits relative to the E&O Segment across diverse industries. This is a hybrid position based in Warren, NJ working 3 days onsite, 2 remote.
Requirements
- The ideal candidate will have a minimum of 5 years of Professional Liability claims experience along with following:
- Strong oral and written communication skills
- Strong analytical and organizational skills
- Strong negotiation and investigation skills.
- Excellent interpersonal skills
- Ability to evaluate coverage involving a wide variety of loss scenarios and ability to think strategically
- In-depth knowledge of the litigation, arbitration, and trial process
- Currently holds or can readily obtain all required adjuster licenses.
- Knowledge of insurance industry, claims and the insurance legal and regulatory environment
- Ability to identify and use relevant data and metrics to best manage claims
- Collaborative mind-set and willingness to work with people outside immediate reporting hierarchy to improve processes and generate optimal department efficiency
- Ability to and willingness to present to senior management and other stakeholders
- Ability to resolve complex disputed claims
- J.D. (currently licensed) / experience practicing law preferred
- Travel required
Nice To Haves
- J.D. (currently licensed) / experience practicing law preferred
Responsibilities
- Reviewing and analyzing complex coverage issues and preparing coverage positions letters
- Investigating, analyzing, and evaluating liability and damages
- Managing and directing outside counsel; reviewing & approving legal budgets and fee statements
- Preparing Large Claim Reports related to matters of significant reserve and trial activity
- Timely and appropriately setting case reserves
- Developing and executing negotiation and resolution strategies
- Monitoring and attending trials, mediations and settlement conferences
- Engaging with underwriting supporting policy construction and drafting, reporting claim trends, data analysis and risk assessment
- Extensive communications with insureds, brokers, reinsurers and other business contacts
- Attending client meetings and industry functions to support retention and development of client relationships and business.
Benefits
- health insurance coverage
- an employee wellness program
- life and disability insurance
- 401k match
- retirement savings plan
- paid holidays
- paid time off (PTO)
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
Number of Employees
1,001-5,000 employees
