Senior Claims Counsel Financial InstitutionsPublic D&O

CNA

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profile Job Location:

Chicago, IL - USA

profile Yearly Salary: $ 97000 - 189000
Posted on: 30+ days ago
Vacancies: 1 Vacancy

Job Summary

You have a clear vision of where your career can go. And we have the leadership to help you get there.At CNA we strive to create a culture in which people know they matter and are part of something important ensuring the abilities of all employees are used to their fullest potential.

This is a Senior Claim Counsel position in the Financial Lines Claim team. The individual in this position will primarily focus on high severity D&O and E&O claims under policies issued to Public Companies as well as Financial Institutions such as large depository institutions insurance companies asset managers private equity and venture capital firms and REITs. Ideally the candidate will have a minimum of twelve years of relevant experience. The individual in this position will have responsibility for handling a pending of approximately 75 of the units highest severity matters at any given time. The position requires the ability to independently evaluate liability and coverage; proactively formulate and execute claim resolution strategies; and without the assistance of counsel attend mediations navigate complex settlement dynamics and drive and influence best possible claim outcomes.

The individual in this role will collaborate closely with our internal business partners on claim trends and issues. The role requires excellent leadership communication and market facing skills. As a senior member of the team this position also requires regular mentoring of junior team members including assistance with analyzing and formulating strategies on complex files.

JOB DESCRIPTION:

Essential Duties & Responsibilities

  • Handles complex high severity financial lines claims requiring legal analysis of complicated liability damages and coverage issues. Drafts coverage letters memos and reports. Represents CNA in settlement negotiations with independent authority to commit CNA. Interacts with multiple parties (e.g. insureds brokers counsel claimants and mediators). Directs and manages coverage counsel and coverage litigation against CNA.
  • Partners with underwriters product counsel and actuary to effectively respond to policy wording and/or claim related inquiries. Collaborates directly with brokers and customers to address similar issues.
  • Meets with brokers and existing or prospective clients as part of business marketing growth and retention strategies. Works with senior claim underwriting and product leadership to develop and analyze new products and to identify evaluate and track claim trends and issues.
  • Provides technical guidance to and oversight of junior staff members. Develops and presents training on key legal and industry issues/trends for the financial lines team (claims underwriting product and actuary). Represents CNA on panels at industry conferences.

May perform additional duties as assigned.

Reporting Relationship:

  • Typically Director and above.

Skills Knowledge & Abilities

  • Senior level advanced knowledge of the theories principles practices and procedures of litigation management.
  • The highest level of technical and product specific expertise claims resolution skill and knowledge of insurance and claims principles practices and procedures.
  • Excellent interpersonal skills verbal and written communication and negotiation and presentation skills.
  • Ability to exercise independent judgment and to work with and maintain confidential and sensitive information.
  • Excellent analytical and problem solving skills and senior level skill in managing ambiguous situations and issues.
  • Proven ability to take a proactive long-term view of business goals and objectives in order to achieve strategic business results.
  • Knowledge of Microsoft Office Suite and other business-related software.


Education & Experience

  • Bachelors degree with JD and admission to the bar of at least one state.
  • Typically a minimum of twelve years of claims and/or legal experience with a proven track record of exceptional claim results.

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In certain jurisdictions CNA is legally required to include a reasonable estimate of the compensation for this District of Columbia California Colorado Connecticut Illinois Maryland Massachusetts New York and Washington the national base pay range for this job level is $97000 to $189000 determinations are based on various factors including but not limited to relevant work experience skills certifications and location. CNA offers a comprehensive and competitive benefits package to help our employees and their family members achieve their physical financial emotional and social wellbeing goals. For a detailed look at CNAs benefits please visit.

CNA is committed to providing reasonable accommodations to qualified individuals with disabilities in the recruitment process. To request an accommodation please contact.


Required Experience:

Senior IC

You have a clear vision of where your career can go. And we have the leadership to help you get there.At CNA we strive to create a culture in which people know they matter and are part of something important ensuring the abilities of all employees are used to their fullest potential.This is a Senior...
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The beautiful and culturally progressive State of Qatar is home to the world-class post-secondary institution, College of the North Atlantic - Qatar (CNA-Q). Internationally recognized as a comprehensive technical college, CNA-Q is committed to high quality, student-centered education ... View more

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