Senior Claim Director
JOB DESCRIPTION
The Senior Claim Director, under minimal direction from the manager, investigates and settles claims promptly, equitably and within established best practices guidelines.
* Responsible for investigating; settling high exposure, high risk Employment Practices Claims, including class actions.
* Ensure high level of customer service and claim file quality.
* Identifying and evaluating coverage issues, preparing comprehensive coverage letters and analysis, retaining and managing coverage counsel through trial, and developing and managing strategy for complex coverage litigation.
* Evaluating exposure through an in-depth analysis of legal and factual issues, retaining and managing litigation counsel through trial, developing and managing strategy for complex litigation.
* Attending arbitrations, mediations, trials.
* Developing resolution strategies and negotiating settlements.
* Reviewing legal budgets and legal and third-party vendor's bills.
* Presenting litigation strategy for complex litigation to senior claims management and underwriting staff.
* Support business leaders on an as needed basis on various claim and underwriting related issues and marketing meetings.
Duties may include, but are not limited to:
* Day to day handling of substantial caseload of line of business claims.
* Confirms coverage of claims by reviewing policies and documents submitted in support of claims.
* Analyzes coverage and communicates coverage positions, as warranted, under direction of supervisor and coverage unit.
* Conducts, coordinates, and directs investigation into loss facts and extent of third-party damages.
* Directs and monitors assignments to experts and underlying defense counsel.
* Evaluates information on coverage, liability, and damages to determine the extent of insured's exposure.
* Sets reserves within authority or makes claim recommendations concerning reserve changes to supervisor.
* Reports to reinsurers and facilitates the prompt collection of reinsurance on those matters where they are accountable.
* Travels to conferences, mediations, and trials as necessary.
* Ability to handle demanding caseload of claims pertaining to Employment Practices Liability and provide business support.
* Approximately 7+ years claims and/or legal experience in the EPL area including evaluating and resolving complex matters.
* Law degree preferred.
* Property & Casualty Adjusters licenses in required jurisdictions within 90 days of employment
* Failure to obtain the licenses within 90 days will result in termination of employment
* Ability to work independently and assimilate learning materials on many different subjects from various sources.
* Excellent interpersonal communications and negotiation skills.
* Ability to deal with customers in a professional manner.
* Authoritative knowledge of CHUBB coverage, prod...
- Rate: Not Specified
- Location: Jersey City, US-NJ
- Type: Permanent
- Industry: Finance
- Recruiter: Chubb
- Contact: Not Specified
- Email: to view click here
- Reference: 13041
- Posted: 2024-09-26 08:45:34 -
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