Aug 30, 2024
We are seeking talented and enthusiastic individuals to join our financial lines claims team. Candidates can be located in our Berkeley Heights, NJ, Alpharetta, GA, or New York City offices. Primary responsibility will include the direct handling and management and/or overseeing of commercial and financial lines Public and Private D&O, E&O, EPL, Fiduciary, and Crime/Fidelity claims.
Responsibilities:
- Directly handle, manage and/or oversee commercial and financial lines Public and Private D&O, E&O, EPL, Fiduciary and Crime/Fidelity claims.
- Handle claims in accordance with Claim Handling Best Practices in all phases of the claim including through initial contact, investigation of the claim, evaluation the claim for coverage and reserving for exposure, and in the resolution and documentation of claims.
- Provide top-notch customer service through all interactions and communications including with internal and external customers and business partners.
- Review and evaluation of policies to determine coverage.
- Resolve coverage-related matters working collaboratively with outside counsel when necessary.
- Complete written reports and present claims to management, underwriting, actuary and reinsurers on claim developments as needed.
- Adhere to all statutory regulations and Unfair Claims Practices Acts.
- Consistently communicate claim developments, exposure analyses and requests for authority to claims management.
- Participate in mediations, settlement conferences and otherwise see claims through to resolution.
- Work closely with underwriting and other business partners to review, analyze, and communicate claim trends and help develop policy language.
- Along with underwriting, attend current and prospective meetings with insureds and brokers.
- Work with and manage outside vendors, including outside attorneys to manage budgets and oversee litigation.
Minimum Requirements:
- Minimum of 6 to 10 years' experience at either a specialty insurance carrier and/or law firm.
- Significant public/private D&O, E&O or EPL experience. Experience with Securities Class Actions, Private Equity and Bankruptcy-related claims is a plus.
- Bachelor's degree and Juris Doctor from an accredited law school required.
- Candidates will be required to obtain and maintain insurance adjuster licenses.
- Excellent verbal and interpersonal communication skills, resulting in the ability to interact with all levels of management and employee population.
- Strong analytic, investigative, listening and negotiation skills.
- Experience multi-tasking, prioritizing work and working effectively in a team environment, while maintaining attention to detail.
- Experience working in a fast-paced environment, completing work with limited supervision.
- Experience with Microsoft Windows, Outlook, and Excel or transferable software packages.
- Ability and willingness to travel as needed.
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