Casualty Senior Claims Specialist
Chicago, IL - USA
Job Summary
Job Description
Casualty Senior Claims Specialist
Job Summary
Seeking a highly skilled and experienced Casualty Senior Claims Specialist to join a team. This role involves managing a portfolio of complex and high-exposure commercial casualty claims including product liability and construction-related matters. The ideal candidate will have a strong background in claims handling litigation management and policy coverage analysis. This position offers the opportunity to work in a dynamic environment with a focus on delivering exceptional service to clients and stakeholders.
Compensation Package
- Base Salary: $110000$150000 (depending on experience) performance-based annual discretionary bonus
- Benefits: Competitive benefits package 401(k) paid time off professional development opportunities etc.
Responsibilities
- Manage a portfolio of high-value complex casualty claims including litigated matters.
- Investigate evaluate negotiate and resolve complex commercial casualty claims utilizing external service providers as needed.
- Represent the company and clients in complex claims participating in or leading litigation teams when necessary.
- Independently resolve significant exposure claims within delegated authority levels.
- Effectively manage outside counsel and external vendors to ensure cost control and quality outcomes.
- Analyze policy coverage on standard and manuscript forms identify coverage issues and draft coverage position letters as required.
- Operate within designated monetary authority for reserves settlements and payments.
- Prepare timely and accurate large loss reports and keep management informed of developments on severe claims.
- Conduct mediations and informal negotiations to drive efficient claim resolution.
- Develop and maintain strong relationships with customers brokers and internal colleagues domestically and internationally.
- Identify and pursue subrogation recovery opportunities when applicable.
- Share claims insights and lessons learned across departments to improve organizational performance.
Qualifications/Requirements
- Education: Bachelors degree required.
- Experience: Minimum of 5 years of relevant casualty claims experience with a focus on product liability and construction liability.
- Expertise in complex casualty claims handling litigation management coverage analysis and negotiations.
- Strong analytical skills including the ability to review medical records expert reports and investigative materials.
- Excellent verbal and written communication skills.
- Strong organizational skills with the ability to manage multiple priorities effectively.
- Detail-oriented with strong policy interpretation capabilities.
- Adaptable and capable of thriving in a dynamic environment.
- Customer-focused mindset with a commitment to exceeding expectations of internal and external stakeholders.
- Proficiency in Microsoft Office applications and electronic claims management systems.
- Willingness to obtain and maintain appropriate state adjuster licenses and required continuing education credits.
- Minimal travel required on an as-needed basis.
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Required Experience:
Senior IC
About Company
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