Claims Counsel - Management Liability

IAT Insurance Group; Newark (NJ); Hybrid; USD 106,000 - 169,000; Full time

Job summary

An established industry player is seeking a Claims Counsel for their Management Liability Claims Unit. This role requires a skilled professional to manage complex claims, including Employment Practices Liability and Directors and Officers Liability. The ideal candidate will possess 3-5 years of relevant experience, along with a Juris Doctorate and excellent negotiation skills. This position offers a hybrid work schedule, competitive salary, and comprehensive benefits, making it an exciting opportunity for those looking to advance their career in the insurance sector.

Benefits

26 PTO Days

7% 401(k) Company Match

Hybrid Work Environment

Healthcare and Wellness Programs

Educational Assistance Program

Mentorship Program

Performance-Based Bonuses

Qualifications

• 3-5 years of experience in management liability claims.
• Excellent coverage analysis and negotiation skills.

Responsibilities

• Manage all lines of Management Liability Claims under policies.
• Analyze, investigate, and resolve claims within authority limits.

Skills

Management Liability Claims Handling

Negotiation Skills

Coverage Analysis

Litigation Management

Communication Skills

Education

Bachelor's Degree

Juris Doctorate

Job description

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Senior Manager, Talent Acquisition at IAT Insurance Group| Human Resources | Talent Acquisition

IAT Insurance Group has an immediate need for a Claims Counsel in our Management Liability Claims Unit that can report to any of our IAT locations. This role is a true complex claims handling role that is tasked with managing all lines of Management Liability Claims under our Management liability policies.

The ideal candidate for this role will have 3-5 years of experience as a claim professional with experience handling Management liability claims including, Employment Practices liability, Directors and Officers Liability, Fiduciary Liability, Cyber Liability, as well as Crime claims on a national basis.

This role works a hybrid schedule from any IAT office location Monday through Wednesday, with the option of working Thursday and Friday remotely.

Responsibilities:

• Responsible for handling Management Liability Claims (EPL, D&O, Fiduciary and Crime) for Private and Non-Profit businesses based on Claim Guidelines.
• Within authority limit, thoroughly analyze, investigate, negotiate and resolve all levels of severity claims.
• Selects, directs and manages defense counsel including approval of budgets
• Develops litigation/file disposition strategy. Attends mediations, settlement conferences and trials.
• Verifies/analyzes applicable coverage for the reported claims.
• Follow operational policies and procedures, including compliance, regulatory and performance and customer service standards.
• Prepare reports, including Large Loss Reports, to management which accurately reflects loss development, potential/actual financial exposure, coverage issues, claim and recovery strategies.
• Establishes 24-hour contact and maintain appropriate contact with all involved stakeholders throughout the life of the claim file.
• Identifies and addresses recovery/contribution/SIU opportunities.
• Sets accurate/timely loss/expense reserves in compliance with Claim Guidelines.
• Drafts correspondence, including but not limited to, coverage letters to stakeholders as required.
• Support business partners on an as needed basis on various claim and underwriting related issues and marketing meetings.
• Maintains resident/nonresident adjuster licenses as required.
• Performs other duties as assigned.
  
  
  

Qualifications:

Must have:

• Bachelors’ degree
• Juris Doctorate
• Properly licensed, registered or authorized, and in good standing, to practice law in the jurisdiction in which you will be working
• 3-5 years management liability claim experience, including handling employment liability practices, directors & officers’ liability and fiduciary liability coverages preferred, will also consider applicable legal experience
• Excellent coverage analysis skills with experience in drafting coverage position correspondence
• Experience handling litigated files and direction of defense counsel
• Excellent negotiation skills
• Ability to travel, average 1 days a month
• Licensure as required by respective state(s)
• Excellent oral and written communication skills.
• Ability to organize, multi-task and prioritize work.
• Excellent customer service and interpersonal skills.
• Ability to analyze data, utilize sound judgment to draw conclusion and make supported decisions.
• Be authorized to work in the United States and must note require, now or in the future, VISA sponsorship for employment purposes
  
  
  

Our Culture

IAT is the largest private, family-owned property and casualty insurer in the U.S. Insurance Answers Together is how we define IAT, in letter and in spirit. We work together to provide solutions for people and businesses. We collaborate internally and with our partners to provide the best possible insurance and surety options for our customers.

At IAT, we’re committed to driving and building an open and supportive culture for all. Our employees propel IAT forward – driving innovation, stable partnerships and growth. That’s why we continue to build an engaging workplace culture to attract and retain the best talent.

We offer comprehensive benefits like:

• 26 PTO Days (Entry Level) + 12 Company Holidays = 38 Paid Days Off
• 7% 401(k) Company Match and additional Profit Sharing
• Hybrid work environment
• Numerous training and development opportunities to assist you in furthering your career
• Healthcare and Wellness Programs
• Opportunity to earn performance-based bonuses
• College Loan Assistance Support Plan
• Educational Assistance Program
• Mentorship Program
• Dress for Your Day Policy
  
  
  

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. We maintain a drug-free workplace and participate in E-Verify.

Compensation:

Please note, the annual gross salary range associated with this posting is $106,400 – $168,100. This range represents the anticipated low and high end of the base salary for this position. The total compensation will include a base salary, performance-based bonus opportunities, 401(K) match, profit sharing opportunities and more. Actual salaries will vary based on factors such as a candidate qualifications, skills, competencies, and geographical location related to this specific role.

To view details of our full benefits, please visit https://www.iatinsurancegroup.com/careers/benefits

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Legal

• Industries

  Insurance

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