Claims Consultant
Claims Consultant
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$ 130000 - 150000
1 Vacancy
Job Description
Company Details
Berkley Select delivers professional liability insurance solutions to individuals businesses professional services firms and nonprofit organizations.
As a Berkley company Berkley Select is staffed with a team of experts with a specific focus on Professional Liability. Berkley Select utilizes individual risk underwriting loss control and claims practices to provide superior products and services to its customers.
Berkley Select is a Berkley Company. W. R. Berkley founded in 1967 is one of the nations premier commercial lines property casualty insurance providers. W. R. Berkley Corporation (NYSE: WRB).
Company URL:
The company is an equal employment opportunity employer.
Responsibilities
This position is responsible for the handling oversight and overall management of professional liability claims with a focus on lawyer and accountant liability. Individual should be a technical expert in the interpretation of complex or unusual claims-made and reported policy coverages. Under limited management direction will analyze coordinate and resolve claims within assigned limits of broad authority. Individual should have strong writing skills.
- Manages complex investigations of professional liability claims including identifying insurance coverage issues liability compensability and damages. Determines if a claim should be settled or litigated and implements an appropriate resolution strategy accordingly. Effectively manages loss costs and claim expenses.
- Manages all types of investigative activity or litigation on claims including the posting of appropriate reserves in a timely manner. Coordinates discovery and litigation strategy with panel attorneys and/or counsel retained by the insured.
- Negotiates complex settlement packages through mediations and alternative dispute resolution mechanisms.
- Makes recommendations on claims processes and resolution strategies to management. Drafts concise and well written large loss reports for reporting to senior management.
- Prepares and presents claims to management and other internal business partners and clients.
- Strong knowledge of lawyer accountant malpractice and the process of litigation.
- Works with attorneys account representatives agents and insureds regarding the handling and/or disposition of highly complex claims.
- Regular and predictable attendance required.
Qualifications
- Juris Doctorate strongly preferred.
- At least 6 years professional liability claims experience strong background in accountant and lawyer malpractice claims.
- Advanced technical and product specific expertise claims resolution skill and knowledge of insurance claims principles practices and procedures.
- Strong background in fully comprehending complex claim facts and issues implementing strategies with a proactive long-term view of business goals and objectives and evaluating claims based on a cost benefit analysis.
- Creativity in resolving unique and challenging business problems.
- Strong skills needed in communications negotiation and presentation skills.
- Advanced analytical and problem solving skills.
- Prioritization and organization of multiple projects.
- Effectively manage ambiguous situations issues and adapt to change.
- Strong interpersonal and team participation skills.
Additional Company Details
The position is based in Chicago; in-office four days per week.
We do not accept any unsolicited resumes from external recruiting firms.
The company offers a competitive compensation plan and robust benefits package for full time regular employees which for this role includes:
Base Salary Range: $130000 - $150000.
The actual salary for this position will be determined by a number of factors including the scope complexity and location of the role; the skills education training credentials and experience of the candidate; and other conditions of employment.
This role is eligible to participate in the annual discretionary bonus program.
Benefits: Health Dental Vision Life Disability Wellness Paid Time Off 401(k) and Profit-Sharing plans.
Sponsorship Details
Required Experience:
Contract
Employment Type
Unclear
