Senior Claims Specialist, Contractors Professional and Pollution Lines

Vantage Risk Companies•Chicago, IL

13d•$125,000 - $175,000•Remote

About The Position

Vantage Claims Specialists provide complete claim management and loss mitigation services for policyholders on a dedicated account basis. This role independently investigates, evaluates, and manages the disposition of Contractors Professional and Pollution; Architect & Engineer; and Owner claims of varying degrees of complexity and severity across multiple product types and markets. Additionally, the role supports the Underwriting Business Unit by liaising with account and broker/agent representatives, providing frequent, in-depth exposure analysis to senior leadership, and participating in marketing efforts at industry events and conferences. The mission of the Vantage Claims team is to add creativity to tech-enabled efficiency and robust analytics to address risks others avoid. This role reports to our Head of Contractors Professional and Pollutions Claims and is a remote opportunity for the appropriate candidate.

Requirements

Bachelor’s degree or equivalent professional experience; J.D. preferred.
Minimum of five (5) years of experience handling and managing Contractors Professional and Pollution liability claims or litigation experience, preferably related to insurance coverage.
Ability to obtain and maintain required insurance adjuster licenses within 90 days.
Significant experience demonstrating technical, operations, and management skills in the claims area.
Experience in collaborating with internal stakeholders such as underwriters and actuaries.
Proven ability to implement claims handling efficiencies and develop a personal skill set.
Strong interpersonal skills and the ability to effectively communicate and work independently are essential.
High positivity, integrity, and dependability with a strong sense of urgency and results-driven orientation.
Developed problem-solving and analytical skills.
Ability to process and adapt to change in a rapidly growing new company environment. Vantage associates are expected to be curious, thrifty, and resourceful to manage through the unknowns of growing a specialty (re)insurance business from the ground up.

Responsibilities

Evaluates, reserves, and claims to resolution, including oversight of all phases of litigation related to primary and excess policies issued to Contractors, Architect, Engineers, and Owners.
Reviews coverage, drafts coverage letters, and communicates coverage positions to insureds, brokers, and agents as necessary.
Communicates regularly with insureds and internal and external stakeholders regarding individual claim development and strategy.
Provides superior customer service to, and proactively builds strong relationships with, all appropriate representatives of assigned accounts, including their internal leadership, brokers, and agents to maximize the competitive advantage derived from the Vantage Claims value proposition.
Implements Vantage Claims Best Practices for proper and consistent claim handling performance, compliance, and achievement of business goals and drives efficient and proactive litigation defense strategies by effectively managing retained counsel.
Thoroughly, clearly, and thoughtfully documents claim files with all relevant factual and evaluative information in compliance with company policies, best practices, and applicable regulatory authority where necessary.
Demonstrates superior subject matter knowledge and negotiation skills to affect appropriate claim outcomes through direct negotiation and utilizing alternative dispute resolution as necessary.
Proactively drives claim development and seeks creative ways to achieve optimal results on every file.
Implements Vantage reserving and reporting protocols to avoid unexpected developments and outcomes.
Identifies issues and trends within their accounts and the Construction Professional and Pollution liability markets and regularly communicates those to insureds, Vantage Claims leadership, Underwriting partners, and actuaries.
Follows all escalation and reporting protocols as required under appropriate circumstances for cases with significant potential exposure.
Attends marketing, account renewal, and reinsurance meetings as appropriate to communicate the Vantage claims handling philosophy and value proposition.
Treats all internal and external stakeholders and business partners respectfully and always demonstrates a positive attitude and collegial approach to their work.