Hybrid Management Liability Claims Expert

IAT Insurance Group; Rolling Meadows (IL); Hybrid; USD 61,000 - 96,000; Full time

Benefits offered by this job

Hybrid work environment

26 PTO Days + 12 Holidays

7% 401(k) Company Match

Profit sharing

Educational assistance

Mentorship program

Job summary

IAT Insurance Group is seeking a Management Liability Claims Specialist who can be located at any IAT location, with a hybrid office schedule. The role emphasizes collaboration, ownership, and teamwork, requiring in-office days Monday through Wednesday and remote options Thursday and Friday.

Responsibilities include handling EPL, D&O, fiduciary, and crime claims for private and non-profit entities, managing defense counsel, drafting coverage positions, and ensuring timely reserves and reporting.

Qualifications

• Bachelor’s Degree with 5+ years of management liability claims experience (including handling employment liability practices, directors & officers’ liability and fiduciary liability coverages) or equivalent.
• Equivalent experience is defined as 9+ years of relevant claims experience, specifically claims involving litigation.
• Excellent coverage analysis skills with experience in drafting coverage position correspondence
• Experience handling litigated files and direction of defense counsel
• Excellent negotiation skills
• Must be willing to travel, average 1 day a month
• Claims 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
• To qualify, applicants must be authorized to work in the United States and must not require, now or in the future, VISA sponsorship for employment purposes

Responsibilities

• Handle Management Liability Claims for EPL, D&O, Fiduciary, and Crime for Private and Non-Profit clients
• Within authority limit, 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 and 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

Skills

Management liability

Litigation experience

Coverage analysis

Negotiation

Communication

Multi-tasking

Data analysis

Travel authorization

Education

Bachelor’s Degree in related field

CPCU

Job description

IAT Insurance Group is seeking a Management Liability Claims Specialist who can be located at any IAT location, with a hybrid office schedule. The role emphasizes collaboration, ownership, and teamwork, requiring in-office days Monday through Wednesday and remote options Thursday and Friday.

Responsibilities include handling EPL, D&O, fiduciary, and crime claims for private and non-profit entities, managing defense counsel, drafting coverage positions, and ensuring timely reserves and reporting.