drjobs Management Liability Claims Specialist

Management Liability Claims Specialist

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1 Vacancy
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Job Location drjobs

Raleigh - USA

Monthly Salary drjobs

$ 60600 - 95700

Vacancy

1 Vacancy

Job Description

IAT Insurance Group has an immediate opening for a Management Liability Claims Specialist that can be located in any of our IAT locations.

This role works a hybrid schedule from an IAT Office. The hybrid schedule reflects our values (thinking and acting like an owner collaboration and teamwork) as it requires working from the office with colleagues and other disciplines Monday through Wednesday with the option of working Thursday and Friday remotely.

Responsibilities:
  • Responsible for handling Management Liability Claims (EPL D&O Fiduciary and Crime) for Private and Non-Profit businesses based on Claim Guidelines
  • Within authority limit thoroughly analyze investigate negotiate and resolve all levels of severity claims
  • Selects directs and manages defense counsel including approval of budgets
  • Develops litigation/file disposition strategy. Attends mediations settlement conferences and trials
  • Verifies/analyzes applicable coverage for the reported claims
  • Follow operational policies and procedures including compliance regulatory and performance and customer service standards
  • Prepare reports including Large Loss Reports to management which accurately reflects loss development potential/actual financial exposure coverage issues claim and recovery strategies
  • Establishes 24-hour contact and maintain appropriate contact with all involved stakeholders throughout the life of the claim file
  • Identifies and addresses recovery/contribution/SIU opportunities
  • Sets accurate/timely loss/expense reserves in compliance with Claim Guidelines.
  • Drafts correspondence including but not limited to coverage letters to stakeholders as required
  • Support business partners on an as needed basis on various claim and underwriting related issues and marketing meetings
  • Maintains resident/nonresident adjuster licenses as required
  • Performs other duties as assigned
Qualifications:
Must Have:
  • Bachelors Degree with 5 years of management liability claims experience (including handling employment liability practices directors & officers liability and fiduciary liability coverages) or equivalent
  • Equivalent experience is defined as9 years of relevant claims experience specifically claims involving litigation.
  • Excellent coverage analysis skills with experience in drafting coverage position correspondence
  • Experience handling litigated files and direction of defense counsel
  • Excellent negotiation skills
  • Must be willing to travel average 1 day a month
  • Claims Licensure as required by respective state(s)
  • Excellent oral and written communication skills
  • Ability to organize multi-task and prioritize work
  • Excellent customer service and interpersonal skills
  • Ability to analyze data utilize sound judgment to draw conclusion and make supported decisions
  • To qualify applicants must be authorized to work in the United States and must not require now or in the future VISA sponsorship for employment purposes
Preferred to Have:
  • CPCU and other insurance related studies
Our Culture
IAT is the largest private family-owned property and casualty insurer in the U.S. Insurance Answers Together is how we define IAT in letter and in spirit. We work together to provide solutions for people and businesses. We collaborate internally and with our partners to provide the best possible insurance and surety options for our customers.

At IAT were committed to driving and building an open and supportive culture for all. Our employees propel IAT forward driving innovation stable partnerships and growth. Thats why we continue to build an engaging workplace culture to attract and retain the best talent.

We offer comprehensive benefits like:
  • 26 PTO Days (Entry Level) 12 Company Holidays 38 Paid Days Off
  • 7% 401(k) Company Match and additional Profit Sharing
  • Hybrid work environment
  • Numerous training and development opportunities to assist you in furthering your career
  • Healthcare and Wellness Programs
  • Opportunity to earn performance-based bonuses
  • College Loan Assistance Support Plan
  • Educational Assistance Program
  • Mentorship Program
  • Dress for Your Day Policy

All qualified applicants will receive consideration for employment without regard to race color religion sex sexual orientation gender identity national origin disability or status as a protected veteran. We maintain a drug-free workplace and participate in E-Verify.

Compensation:
Please note that the annual gross salary range associated with this posting is $60600 $95700. This range represents the anticipated low and high end of the base salary for this position. Actual salaries will vary based on factors such as a candidates qualifications skills competencies and geographical location related to this specific role. The total compensation will include a base salary performance-based bonus opportunities 401(K) match profit-sharing opportunities and more.

To view details of our full benefits please visit Experience:

Unclear Seniority

Employment Type

Full-Time

About Company

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