VP, Professional & Executive Risk, ProEx Claims
Job Location:
Chicago, IL - USA
Monthly Salary:
Posted:
Application Deadline:
Vacancies:
Job Summary
ABOUT US
AtHUB International we are a team of entrepreneurs. We believe in protecting and supporting the aspirations of individuals families and businesses. We help our clients evaluate their risks and develop solutions tailored to their needs. We believe in empowering our employees to learn grow and make a difference. Our structure enables our teams tomaintaintheir own unique regional culture whileleveragingsupport and resources from our corporate centers of excellence.
HUB isone of thelargest global insurance and employee benefitsbroker providing a boundaryless array of business insurance employee benefits risk services personal insurance retirement and private wealth management products and services. With over$5 billionin revenue and almost20000 employeesin 600 offices throughout North America HUB hasgrown substantially inpart due to ourindustryleading success in mergers and acquisitions.
Position Summary
Working within the Claims Department in a client-facing role the successful candidate will apply their experience in providing interpretation of policy language coverage analysis advocacy coverage and dispute resolution act as liaison between clients adjusters lawyers and insurance companies claims management and other related client services. A successful candidate will have experience handling professional and executive liability claims in the financial institutions and private equity space. The Claims Departments mandate is to deliver claims consulting services to clients and advocate for our clients in resolving any issues relating to their loss i.e. coverage disputes policy interpretation settlement disputes etc.
Responsibilities
- Claims advocate and facilitator on behalf of client
- Consultation with clients on claim issues involving Directors & Officers Errors & Omissions Employment Practices and Fiduciary coverages
- Review and recommend solutions to coverage quantum and claim handling management issues
- Negotiate with insurers adjusters and lawyers to expedite and obtain fair settlement of claims
- Participate in sales presentations to prospective clients
- Assist the client in preparing special claims servicing instructions focusing on the clients specific needs and taking into consideration the structure of their insurance programs
- Review and comment on policy wordings for account teams
- Review of claims with clients/insurers/loss adjusters regularly
Qualifications & Skills
- Post-secondary education (J.D. required)
- 8-12 years of experience handling financial lines claims (including financial institutions and private equity) and related coverage issues within the insurance industry
- Knowledge and/or experience with professional and management liability lines of insurance coverage with detailed understanding of the following coverages: Directors & Officers Errors & Omissions Employment Practices and Fiduciary Liability
- Holds or commits to obtain appropriate state license within probationary period
- Possesses excellent knowledge of coverage and analytical skills in policy interpretation
- Aware of relevant insurance legislation and major insurance-related court decisions
- Prior experience in claims consultation with larger risk accounts
- Strong communication skills - both verbal & written as well as effective time management and organizational practices
- Results-oriented with strong client service emphasis and focus
- Excellent interpersonal and strong negotiating skills
JOIN OUR TEAM
Do you believe in the power of innovation collaboration and transformation Do you thrive in a supportive and client focused work environment Are you looking for an opportunity to help build and drive change in a rapidly growing and evolving organization When you joinHUBInternational you will be part of a community of learners and doers focused onour Core Values:entrepreneurshipteamwork integrity accountability and service.
Disclosure required under applicable law in California Colorado Illinois Maryland Minnesota New York New JerseyOhioand Washington states: The expected salary range for this position is $200000- $235000and will be impacted by factors such as the successful candidates skills experience and working location as well as the specific positions business line scope and level. HUB International is proud to offer comprehensive benefit and total compensation packages: health/dental/vision/life/disability insurance FSA HSA and 401(k) accounts paid-time-off benefits such as vacation sick and personal days and eligible bonusesequityand commissions for some positions.
HUB International Limited is an equal opportunity employer that does not discriminate on the basis of race/ethnicity national origin religion age color sex sexual orientation gender identity disability or veterans status or any other characteristic protected by local state or federal laws rules or regulations.
We endeavor to make this website accessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process please contact the recruiting team. This contact information is for accommodation requests only; do not use this contact information to inquire about the status of applications.
Required Experience:
Exec
About Company
HUB International is a leading North American insurance brokerage that provides employee benefits, business, and personal insurance products and services.
