Complex Claim Director – Life Sciences & Advertising InjuryPersonal Injury
Chicago, IL - USA
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.
Leads a team of Claims Consultants and Consulting Directors responsible for the handling of complex high exposure life sciences claims and claims arising under Coverage B of commercial general liability policies (personal and advertising injury) including matters involving product advertising labeling and marketing content intellectual property and unfair competition allegations reputational harm and related emerging exposures.Responsibilities include delivering superior business results through effective team management and the resolution of all claims activities. This position works within broad authority limits on assignments requiring a high degree of technical knowledge in life sciences risks and Coverage B coverage and is accountable for driving overall results and implementing company initiatives within the department.
JOB DESCRIPTION:
Essential Duties & Responsibilities:
Performs a combination of duties in accordance with departmental guidelines:
- Leads the work activities of medium to high severity specialized Claims Professionals has full management responsibility for setting and communicating expectations providing direction and situational coaching and facilitating ongoing training.
- Responsible for facilitating ongoing development managing performance and driving employee engagement and retention.
- Provides oversight and strategic direction on complex life sciences and Coverage B claim files including analysis of policy language and endorsements advertising/personal injury offenses intellectual property and unfair competition allegations and litigation strategy on high exposure matters.
- Partners with Underwriting Actuary Reinsurance Legal and other internal stakeholders as appropriate on exposure evaluation reserving strategy trends and portfolio insights.
- Oversees appropriate use of specialized resources and vendors (e.g. coverage counsel panel counsel technical/subject matter experts eDiscovery and consulting vendors) commensurate with severity and complexity.
- Contributes to organizational profitability by driving productivity managing expenses ensuring appropriate use of vendors overseeing and authorizing claim resolution strategies and ensuring quality and customer service standards are met or exceeded.
- Ensures customer satisfaction by holding team accountable to deliver high quality and timely claim service identifying service opportunities and developing initiatives processes and training that contribute to a positive customer experience.
- Ensures applicable claim handling protocols are followed by maintaining and/or overseeing appropriate file engagement providing ongoing feedback and addressing training needs.
- Regularly uses data analytics to monitor team performance and identify trends; develops strategies to drive operational effectiveness and improve overall performance of the organization.
- Ensures optimal and effective operation by developing and maintaining collaborative business partnerships with internal and external resources while recognizing connections and inter-dependencies and maximizing relationships to effectively manage the operation.
- Effectively communicates and shares pertinent and timely information to employees by holding team meetings regular 1:1 employee discussions reinforcing leadership messages and providing shared access to company process and protocol documentation.
- Participates with senior leadership in the development implementation and reinforcement of claim handling protocols business strategies and objectives and regularly evaluates performance; holding self and team accountable for achieving desired results.
- Recognizes severity matters and escalates appropriately.
- Oversees compliance with state/local regulatory requirements by following company guidelines and remains current on commercial insurance laws regulations or trends for line of business.
- May participate in special projects.
May perform additional duties as assigned.
Reporting Relationship
- AVP or above
Skills Knowledge & Abilities
- Advanced technical expertise in complex commercial general liability claims with deep knowledge of life sciences risks (including pharmaceutical biotechnology medical device and related products) and associated litigation and regulatory-driven exposures.
- Strong understanding of Coverage B (personal and advertising injury) policy language offenses and common allegations including advertising injury disparagement defamation privacy violations wrongful eviction/entry malicious prosecution intellectual property-related advertising claims (as applicable) and related exclusions/endorsements.
- Demonstrated ability to analyze complex coverage issues and allocate risk appropriately including reservation of rights/coverage position strategy and coordination across primary/excess and other potentially responsive coverages.
- Excellent judgment and decisionmaking skills with the ability to assess and manage largescale severity reputational considerations and uncertainty.
- Expert knowledge of claims principles practices and procedures including investigation negotiation and resolution.
- Ability to solve complex issues with a sense of urgency; utilizes all available resources to make informed decisions.
- Demonstrated ability to lead coach develop and retain highly skilled claim professionals in a complex and evolving claim environment.
- Ability to effectively interact and collaborate with all levels of the organizations internal and external business partners.
- Excellent communication skills with demonstrated ability to succinctly present to senior management.
- Demonstrated knowledge and understanding of when and how to extract insights from metrics to make informed business decisions.
- Ability to creatively and effectively manage through ambiguous and challenging business problems lead through change and take appropriate levels of risk.
- Adaptable and able to effectively lead through change.
- Knowledge of Microsoft Office Suite and other business-related software.
Education & Experience:
- Bachelors degree. JD Masters degree or equivalent experience preferred.
- Typically a minimum of ten years of related work experience with three years of management experience preferred.
- Applicable certifications or professional designations preferred.
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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:
Director
About Company
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