AVP Large Commercial-D&O
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Job Location:
Jersey, NJ - USA
Monthly Salary:
$ 174500 - 296600
Posted on:
13 days ago
Vacancies:
1 Vacancy
Job Summary
The Large Commercial Directors & Officers Financial Lines AVP is responsible for investigating and settling high exposure high risk claims. Ensures high level of customer service and claim file quality. This is a role focused on technical claim handling forChubb insureds this role you will manage complex directors and officers transactional risk and financial institutions liability claims. This role requires an individual to be accountable for the handling and disposition of claims including investigation coverage determination reserving negotiation and settlement or trial strategies. This position will require some travel as well as coordinating with and servicing both internal and external business partners. You will represent the company at meetings with management and business partners as well as at mediations arbitrations settlement conferences and trials.
Responsibilities:
- Provides outstanding customer service and works well with the insured and broker in the adjustment of complex directors and officers transactional risk and financial institutions liability claims.
- Analyzes coverage and communicates coverage positions as warranted under direction of supervisor and coverage unit.
- Conducts coordinates and directs investigation into loss facts and extent of third-party damages.
- Directs and closely monitors assignments to experts and defense counsel.
- Evaluates information on coverage liability and damages to determine the extent of exposure to the insured and the company.
- Sets reserves within authority or makes claim recommendations concerning reserve changes to supervisor.
- Travels to conferences mediations and trials as necessary. Travel ranges from approximately 0% to 25% but it could be more as dictated by business needs.
- Bachelors degree required. Masters degree or JD preferred.
- Sevenor more years experience as a claims professional or attorney with a high degree of specialized and technical competence in the handling of high exposure claims with emphasis on hands-on file and litigation management.
- Financial Lines Liability (FL) experience in Directors & Officers Transactional Risk Financial Institutions liability claims.
- Strong background and demonstrated ability in dealing with significant coverage matters.
- An understanding of the tenants of insurance and legal principles.
- Knowledge of Commercial Insurance Financial Lines coverage and services.
- Working knowledge of industry best practices and procedures.
- An ability to work independently and assimilate learning materials on many different subjects from various sources.
- Excellent interpersonal communications and negotiation skills; and an ability to deal with customers and business partners in a professional manner.
- Ability to make prompt intelligent decisions based upon detailed analysis of complex issues.
- Demonstrated strong relational skills particularly in adverse or high-pressure situations.
- A law degree is not necessary but recommended.
- If you do not already have one you will be required to obtain an applicable resident or designated home state adjusters license and possibly additional state licensure.
The pay range for the role is $174500 to $296600. The specific offer will depend on an applicants skills and other factors. This role may also be eligible to participate in a discretionary annual incentive program. Chubb offers a comprehensive benefits package more details on which can be found on our careers website. The disclosed pay range estimate may be adjusted for the applicable geographic differential for the location in which the position is filled.
Key Skills
- Presentation Skills
- Risk Management
- Financial Services
- IFRS
- Banking
- Pricing
- Analysis Skills
- Securities Law
- Investment Banking
- Relationship Management
- Strategic Planning
- Leadership Experience
About Company
Chubb Life has been in Egypt since 2003. Chubb Life is the international life insurance division of Chubb - the world's largest publicly traded property and casualty insurance company by market capitalization.
