Skip to main content

This job has expired

Professional Liability Claims Consultant

Employer
Berkley Select - A W.R. Berkley Company
Location
Chicago, Illinois
Salary
We offer a competitive salary and benefits package
Closing date
Nov 19, 2024
View more categoriesView less categories
Category
Claims
Job Type
Full Time
Career Level
Experienced (Non-Manager)
Workplace
Hybrid

The Claims Consultant is responsible for the handling, oversight and overall management of complex management liability claims, primarily Employment Practices Liability (EPL) and private company Director and Officer claims.  Individual should be a technical expert in the interpretation of complex or unusual claims-made and reported policy coverages. Under limited management direction, will analyze, coordinate and resolve claims within assigned limits of broad authority. 

Key functions include but are not limited to:

  • Manages complex investigations of management liability claims including identifying insurance coverage issues, liability, compensability and damages. Determines if a claim should be settled or litigated and implements an appropriate resolution strategy accordingly. Effectively manages loss costs and claim expenses.
  • Manages all types of investigative activity or litigation on claims, including the posting of appropriate reserves in a timely manner. Coordinates discovery and litigation strategy with panel attorneys and/or counsel retained by the insured.
  • Negotiates complex settlement packages through mediations and alternative dispute resolution mechanisms.
  • Makes recommendations on claims processes and resolution strategies to management. Drafts concise and well written large loss reports for reporting to senior management.
  • Prepares and presents claims to management and other internal business partners and clients.
  • Works with attorneys, account representatives, agents, and insureds regarding the handling and/or disposition of highly complex claims.

Requirements:

  • BA/BS degree required.  JD preferred.
  • At least 5 years professional liability claims experience, strong background in accountant and lawyer malpractice claims.
  • Experience with medical claims is a plus.
  • Advanced technical and product specific expertise, claims resolution skill and knowledge of insurance claims principles, practices and procedures.
  • Strong background in fully comprehending complex claim facts and issues, implementing strategies with a proactive long-term view of business goals and objectives and evaluating claims based on a cost benefit analysis.
  • Creativity in resolving unique and challenging business problems.
  • Strong skills needed in communications, negotiation and presentation skills.
  • Advanced analytical and problem solving skills. 
  • Prioritization and organization of multiple projects. 
  • Able to effectively manage ambiguous situations, issues and adapt to change.
  • Strong interpersonal and team participation skills.

Get job alerts

Create a job alert and receive personalized job recommendations straight to your inbox.

Create alert