Litigation Counsel, Financial Products

Aegislink; Jersey City (NJ); On-site; USD 120,000 - 150,000; Full time

Benefits offered by this job

Health insurance

Retirement plan

Tuition assistance

Hybrid work schedule

Job summary

A leading insurance company based in Jersey City, NJ seeks an experienced Litigation Counsel to manage complex Professional Liability claims. The ideal candidate will have 5 to 8 years in insurance claims, a law degree from an ABA-accredited school, and a strong background in litigation procedures. Responsibilities include overseeing claims management and providing strategic advice to insureds and attorney teams. In addition to a competitive salary, the company offers a comprehensive benefits package including health, retirement, and professional development opportunities.

Qualifications

• 5 to 8 years of experience in insurance claims or related legal field.
• Experience with coverage analysis, litigation procedures, and management of large claims.
• Professional insurance designations a plus.

Responsibilities

• Oversee complex Professional Liability claims at the excess level.
• Achieve timely and proper coverage analysis and verification.
• Provide advice and case management direction to claim professionals.

Skills

Insurance claims management

Litigation procedures

D&O claims

Fiduciary claims

Cyber claims

Communication

Education

Law degree from an ABA accredited school

Tools

Microsoft Office

Job description

Litigation Counsel, Financial Products page is loaded## Litigation Counsel, Financial Productslocations: Jersey City, NJ (HQ)time type: Full timeposted on: Posted 3 Days Agojob requisition id: JR-20**AEGIS Insurance Services Inc. has an immediate opening for:**Litigation Counsel, Financial Products**Job Description:**AEGIS Insurance Services, Inc. (“AEGIS”) has an immediate opening for a **Litigation Counsel** responsible for overseeing an inventory of complex Professional Liability claims at the excess level. The candidate will effectively manage assigned claims and provide claims services and appropriate advice to AEGIS and its Members-Policyholders.**Job Requirements:*** Minimum 5 to 8 years of experience in insurance claims or related legal field* Experience with coverage analysis, litigation procedures, and management/negotiation of large and/or complex claims* Experience managing D&O, Fiduciary, EPL and/or Cyber claims a plus* Law degree from an ABA accredited school and admission to a state bar* Professional insurance designations a plus* Working knowledge of the energy industry a plus* Proficiency with Microsoft Office: Specifically Word, Excel, and PowerPoint* Ability to effectively present to varied audiences**Candidate Attributes:*** Collaborative Communications and Behavior: Develops and maintains effective working relationships as a team member and across divisions; readily collaborates and shares information, seeks and provides constructive feedback, and supports a respectful workplace* Initiative and Accountability: Proactively addresses opportunities to enhance AEGIS’ people, processes, products, and services, takes ownership for one’s responsibilities by acting with integrity and in the best interest of the organization and stakeholders* Quality-Focused: Demonstrates a solution-focus, displays thoroughness and accuracy through quality deliverables, and demonstrates persistence and perseverance in achieving concrete and tangible outcomes* Service-Oriented: Conveys a genuine desire and ability to anticipate and meet customer needs and creates and nurtures mutually beneficial relationships within AEGIS and with AEGIS Members and brokers**Essential Job Functions:*****Management of Assigned Claims**** Achieve timely and proper coverage analysis and verification, and effectively communicate AEGIS’ coverage positions on assigned claims* Achieve timely and accurate evaluation of liability and damages* Achieve timely and adequate establishment and adjustment of UNL and NUNL reserves reflecting AEGIS’ ultimate probable cost/exposure* Achieve timely and appropriate reporting to file, claims management and reinsurers, as needed* Provide advice, technical assistance and case management direction to insureds’ claim professionals and defense attorneys in the investigation, evaluation, negotiation, settlement and defense of claims and litigation, as appropriate* Conduct or participate in settlement negotiations in conjunction with insured’s personnel and counsel, when appropriate* Consult with Claims management and the Claims Review Committee, as required, in the evaluation and management of assigned claims* Assist in the development of policy and standards for the Claims Division* Foster and maintain good working relationships with insureds, counsel, brokers, and reinsurers* As requested, provide advice and guidance to AEGIS colleagues in the evaluation and management of claims, analysis of coverage issues and in the research and review of statutory and common law* Ensure the smooth operation of the department when the Claims management team is unavailable* Keep abreast of developments in the law and their applicability and impact on claimsEOEAEGIS Insurance Services, Inc. participates in E-Verify.We expect to pay a starting salary between $120,000 and $150,000. An applicant’s placement within this range is based on their individual qualifications and professional experience. In addition to base salary, AEGIS employees are eligible to participate in the Company’s annual incentive program, with competitive awards based on corporate and individual performance.In addition, we offer a comprehensive and competitive suite of options for health & wellness, retirement, income protection, time off and additional benefits:* Health & Wellness: Medical, dental, vision, mental health support and employee assistance programs* Retirement: 401(k) with matching contribution* Income Protection: Life, disability, accident and critical illness insurance* Time Off: Vacation days, sick days, holidays and family/military leave options* Other: Commuter benefits, pet insurance, hybrid work schedule* Growth: Tuition assistance and professional development opportunitiesWe will consider this application carefully, but it does not guarantee employment. Selection is on a competitive basis. In addition, you must meet employment standards and specific position requirements. Qualified applicants will receive consideration for employment without regard to race, creed, color, sex, sexual orientation, age, marital status, disability, national origin, veteran status or any other legally protected status. AEGIS Insurance Services, Inc. participates in E-Verify.locations: Jersey City, NJ (HQ)time type: Full timeposted on: Posted 3 Days Ago