Senior Claims Attorney/Senior Claims Attorney II-ABA Insurance Services
About The Position
ABA Insurance Services Inc., a division of Great American, has been a long-term, stable source of insurance for banks since 1987, offering Professional Liability Products, Financial Institution Bond, Cyber, and Property and Casualty coverages. The bank program is a unique, market-leading insurance solution for financial institutions, recognized for its underwriting and claims expertise, and endorsed by the American Bankers Association and 34 state bankers’ associations. ABA Insurance Services is currently searching for a Senior Claims Attorney. Both Shaker Heights, Ohio office setting, and remote (work-from-home) candidates will be considered.
Requirements
- 6-14 years of related claims or legal experience.
- Focus is on Professional Liability, Bond, and Cyber products.
- LLM (Master of Law) or JD (Juris Doctorate) and current attorney license required.
- Willingness to become licensed as a claims adjuster in all 50 states.
- Able to develop, prepare, and implement claims litigation strategy.
- Detail oriented, organized, and possess strong analytical skills.
- Strong negotiation and mediation skills.
- Strong verbal and written communication skills.
- Must possess the skills necessary to conduct legal research.
- Ability to work well in a fast-paced environment.
- Willingness to travel, including overnight travel as needed.
Nice To Haves
- Experience in the areas of litigation, insurance coverage (specifically professional liability, financial institution bond and/or cyber claims), or claims adjusting would be a plus.
Responsibilities
- Investigates and adjusts Professional Liability, Bond, and Cyber claims:
- Reviews and evaluates coverage and / or liability.
- Assigns cases to outside counsel and evaluates their performance.
- Develops, prepares, and implements Claims Litigation strategy, including affecting settlements / reserves within prescribed limits.
- Works toward the resolution of claims files and attends arbitrations, mediations, or trials as necessary, but is not attorney of record.
- Ensures compliance of claims handling pursuant to all state, legal, statutory, and regulatory bodies.
- Provides oversight and supervision to outside counsel on claims-related litigation.
- Provides technical advice to lower-level positions and other functional areas.
- Leads the work of others (mentors, prioritizes, delegates and reviews assignments).
- Performs other duties as assigned.
Benefits
- Compensation varies by role, position level, and location. Individual pay is influenced by skills, education, training, certifications, experience, and the role's scope and complexity, along with business needs.
- We offer a competitive Total Rewards package, including medical, dental, and vision plans starting on day one, PTO, paid holidays, commuter benefits, an employee stock purchase plan, education reimbursement, paid parental leave/adoption assistance, and a 401(k) plan with company match.
- These benefits are available to eligible full-time and part-time employees.
- Your recruiter can provide more details about our total rewards and specific compensation ranges during the hiring process.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Number of Employees
5,001-10,000 employees
