Wrap-Up Construction Claims Specialist (OCIPCCIP)
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Job Location:
Chicago, IL - USA
Yearly Salary:
$ 80000 - 120000
Posted on:
30+ days ago
Vacancies:
1 Vacancy
Job Summary
Job Description
Wrap-Up Construction Claims Specialist (OCIP/CCIP)
Job Summary
Seeking a highly skilled and motivated Wrap-Up Construction Claims Specialist (OCIP/CCIP) to join a dynamic this role you will be responsible for investigating evaluating and resolving complex General Liability claims arising from construction projects covered under OCIP/CCIP programs. This position offers a hybrid work environment with flexibility for remote work for exceptional candidates. If you have a strong background in construction and general liability claims coupled with expertise in wrap-up programs encourage you to apply.
Compensation Package
- Salary Range: $80000 - $120000 per year (based on experience and qualifications)
- Bonus: Up to 10% of annual base salary paid out annually
Responsibilities
- Investigate evaluate and resolve complex General Liability claims related to OCIP/CCIP construction projects.
- Analyze contracts policy forms and wrap-up program agreements to determine coverage and defense obligations.
- Manage both litigated and pre-litigated claims collaborating with defense counsel to develop effective resolution strategies.
- Work closely with brokers risk managers and internal stakeholders to ensure claims are handled in line with best practices and service standards.
- Evaluate liability and damages exposure set accurate reserves and approve settlements within authority levels.
- Identify and mitigate potential coverage and indemnity issues involving insureds subcontractors and additional insureds.
- Provide feedback to underwriting and risk control teams regarding claim trends loss drivers and program performance.
- Maintain clear documentation reporting and communication with all involved parties.
- Manage a caseload of 125-140 claims with approximately 50% involving litigation.
Qualifications/Requirements
- Bachelors degree required; CPCU AIC or JD preferred.
- Minimum of 2 years of experience handling construction and general liability claims with at least 1 year of direct Wrap-Up (OCIP/CCIP) experience.
- Strong technical expertise in construction defect bodily injury and property damage claims.
- Solid understanding of contractual risk transfer indemnification agreements and additional insured coverage.
- Proven experience managing complex litigation and coordinating defense strategies.
- Excellent negotiation analytical and communication skills.
- Ability to independently manage a high-volume complex caseload.
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Required Experience:
IC
Key Skills
- Abinitio
- Cobol
- Environmental Consultancy
- Facility Management
- Insulation
- Asic
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