Job Opening for Senior Claim Consultant – Management Liability in Intact Insurance Specialty Group (Chicago, IL)

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Job Category : Management
Company Name: Intact Insurance Specialty Group
Position Name: Senior Claim Consultant – Management Liability
Location : Chicago, IL
Job Description : We currently have a Senior Claim Consultant opportunity on our Management Liability Claims Team. As a Senior Claim Consultant your role will include handling complex public and private company directors & officers, fiduciary liability and employment claims from inception through resolution including class actions, government investigations and other large exposure matters. The responsibilities for this role include analyzing coverage, drafting coverage letters, developing strategies and projecting exposures for complex Management Liability claims as well as interacting with the Management Liability underwriting team. Chicago, IL or New York, NY locations preferred. Responsibilities Makes timely and appropriate contacts and completes appropriate level of investigation to make determination of coverage, liability and damages for the most complex and specialized claims across multiple lines of business. Determines coverage, drafts coverage position, responds to coverage questions raised by insureds and others. Determines exposure, establishes adequate reserves and makes timely adjustments as required. Selects, assigns and directs activities of internal and external resources as required; including both defense and coverage counsel experts, independent adjusters, and appraisers. Identifies questionable claims and consults with SIU as appropriate. Determines settlement value of the loss and negotiates proper settlement of highly complex claims within authority. Provides recommendations for settlement and disposition of claims exceeding authority level and after consultation, negotiates resolution of claims beyond authority. Identifies matters that need to the attention of claims leadership and/or legal because they present large exposure, the potential for extra contractual exposure or present other concerns warranting elevation. Documents clearly and concisely all relevant activity on assigned files and makes recommendations for additional activity as appropriate. Communicates as needed with underwriting business partners regarding claims trends and legal climate. Provides expertise and insight as requested relative to needed coverage changes or enhancements. Performs research and analysis with regard to claims issues that implicate particular business lines or segments. Maintains a strong professional knowledge of regulatory and legal environments and applies this information effectively. Develops and leads technical training and provides guidance to other departments within the organization, as needed. Requirements Must possess high level skills and extensive claims technical knowledge including products and industry. Legal background is essential for specialty commercial insurance products. Must have superior analytical, negotiation, decision making, problem solving, organizational and presentation skills. Must be a proven self-starter with excellent multi-tasking and relationship management skills. Must be able to communicate professionally and effectively including expert oral, written and listening skills. Must be able to work both independently and as a member of a team and have the ability to interact with diverse groups of individuals. Must maintain a high level of accuracy, and provide follow-through on projects. Requires the ability to maintain confidential information. Must be able to work in a fast pace and rapidly changing environment. Demonstrated proficiency with computer software including Microsoft Office suite and other Claims tracking tools. Must maintain strong professional knowledge of industry trends, legislative issues and the marketplace for specialty insurance. Must be able to act as coach and mentor junior members of the department. Education and Experience Bachelor’s degree required; Juris Doctorate preferred 7-10+ years handling Management Liability claims for an insurance carrier with a particular emphasis on public company and private company directors and officers experience. Job Number 1719BR Division Intact Management Liability Location Chicago IL Location(s) Chicago IL, Remote Country United States About Us Throughout the United States, Intact Insurance Specialty Solutions’ underwriting companies offer a broad range of specialty insurance products through independent agencies, regional and national brokers, wholesalers and managing general agencies. Each business is managed by an experienced team of specialty insurance professionals focused on a specific customer group or industry segment, and providing distinct products and tailored coverages and services. Targeted solutions include group accident and health; commercial and contract surety; entertainment; environmental; excess property; financial institutions; financial services; inland marine; management liability; ocean marine; public entities; technology; and tuition refund. For further information about U.S. products and services visit: #LI-DNI
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