Claims Consultant Mass Tort

CNA

Not Interested
Bookmark
Report This Job

profile Job Location:

Chicago, IL - USA

profile Yearly Salary: $ 72000 - 141000
Posted on: 1 hour 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 individual contributor position works under general direction to manage a variety of high exposure and complex litigation claims involving loss types such as sexual molestation latent injury product hazards social media/AI/video game addiction pollution PFAS/AFFF and other mass tort general liability claims. Responsibilities include the coordination of all claim resolution activities in accordance with company protocols while achieving quality and customer service standards. Position requires regular communication with customers and insureds a high degree of technical expertise and strong negotiation skills.

Enjoy a flexible hybrid schedule and collaborate with top professionals across multiple CNA offices. We are open to all CNA office locations with a preference for Chicago IL Glastonbury CT New York City NY Princeton/Warren NJ or Los Angeles CA.

JOB DESCRIPTION:

Job Description

Performs a combination of duties in accordance with departmental guidelines:

  • Manages an inventory of highly complex commercial litigation with large exposures that require a high degree of technical expertise and coordination by following company protocols to verify policy coverage conduct investigations develop and employ resolution strategies which may include pursuit of risk transfer extensive negotiations and management of complex litigation.
  • Investigates and analyzes policy language in order to recommend and prepare coverage determinations.
  • Ensures exceptional customer service by managing all aspects of the claim interacting professionally and effectively with insureds claimants and business partners.
  • Provides timely updates and responds promptly to inquiries and requests for information.
  • Sets and manages timely and adequate reserves considering coverage liability and damages.
  • Moves claims to closure with a high degree of independence and proactive claim handling and by collaborating with internal and external business partners as appropriate to develop own and execute a claim resolution strategy.
  • Keeps leadership informed of significant risks and losses by projecting exposure and completing loss summaries and similar reporting.
  • Prepares and presents claim status and evaluation to leadership.
  • Maintains subject matter expertise and ensures compliance with state/local regulatory requirements.
  • Mentors guides develops and delivers training to less experienced Claim Professionals.

May perform additional duties as assigned.

Reporting Relationship

Typically Managing Director or above

Skills Knowledge & Abilities

  • Thorough knowledge of the commercial insurance industry products policy language coverage and claim practices.
  • Strong communication and presentation skills both verbal and written including the ability to communicate business and technical information clearly.
  • Demonstrated analytical and investigative mindset with critical thinking skills and ability to make sound business decisions and to effectively evaluate and resolve ambiguous and challenging business problems.
  • Strong work ethic with demonstrated time management organizational skills sound judgment and an ability to work independently.
  • Ability to work in a fast-paced environment at high levels of productivity on complex matters.
  • Demonstrated ability to negotiate complex settlements.
  • Experience interpreting general liability insurance policies and coverage issues including disputes related to number of occurrences trigger and allocation.
  • Ability to manage multiple and shifting priorities.
  • Knowledge of Microsoft Office Suite and ability to learn business-related software.
  • Demonstrated ability to value diverse opinions and ideas.

Education & Experience

  • JD preferred or Bachelors Degree with equivalent experience in claims handling
  • Typically a minimum six years of relevant experience preferably in claim handling
  • Must have or be able to obtain and maintain an Insurance Adjuster License within 90 days of hire where applicable.
  • Negotiation experience including mediations.
  • Abuse product liability pollution and/or high severity general liability claims experience strongly preferred.

The National base pay range for the Claims Consultant Mass Tort role is $120000 to $164000. Salary determinations are based on variousfactors including but not limited to relevant work experience skills certifications and location.

#LI-Hybrid

#LI-CP1

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 $72000 to $141000 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:

Contract

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 individual ...
View more view more

Key Skills

  • Corporate Paralegal
  • Baan
  • IT Sales and Marketing
  • Civil Quality Control
  • Activex
  • Jboss

About Company

Company Logo

CNA provides insurance solutions to more than 1 million businesses and professionals worldwide. With more than 100 years of industry experience, CNA has earned a reputation as one of the most trusted commercial insurance companies in the business. We’re a powerful legacy built on expe ... View more

View Profile View Profile