Job Description

Company Details

Berkley Select delivers professional liability insurance solutions to individuals, businesses, professional services firms, and nonprofit organizations.

As a Berkley company, Berkley Select is staffed with a team of experts with a specific focus on Professional Liability. Berkley Select utilizes individual risk underwriting, loss control, and claims practices to provide superior products and services to its customers.

Berkley Select is a Berkley Company. W. R. Berkley, founded in 1967, is one of the nations premier commercial lines property casualty insurance providers. W. R. Berkley Corporation (NYSE: WRB).

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The company is an equal employment opportunity employer.

Responsibilities

This position is responsible for the handling, oversight and overall management of professional liability claims, with a focus on lawyer and accountant liability. 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. Individual should have strong writing skills.

• Manages complex investigations of professional 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.
• Strong knowledge of lawyer, accountant malpractice and the process of litigation.
• Works with attorneys, account representatives, agents, and insureds regarding the handling and/or disposition of highly complex claims.
• Regular and predictable attendance required.

Qualifications

• Juris Doctorate strongly preferred.
• At least 6 years professional liability claims experience, strong background in accountant and lawyer malpractice claims.
• 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.
• Effectively manage ambiguous situations, issues and adapt to change.
• Strong interpersonal and team participation skills.

Additional Company DetailsThe position is based in Chicago; in-office four days per week. We do not accept any unsolicited resumes from external recruiting firms. The company offers a competitive compensation plan and robust benefits package for full time regular employees which for this role includes: Base Salary Range: $110,000 - $150,000. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. This role is eligible to participate in the annual discretionary bonus program. Benefits: Health, Dental, Vision, Life, Disability, Wellness, Paid Time Off, 401(k) and Profit-Sharing plans. Sponsorship DetailsSponsorship not Offered for this Role
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Job Tags

Full time, Work at office,

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