Management Liability Claims Counsel

IAT Insurance Group; Rolling Meadows (IL); Hybrid; USD 83,000 - 150,000; Full time

Benefits offered by this job

Hybrid work environment

401(k) match and profit sharing

Career development opportunities

Educational assistance and mentorship

Dress for Your Day policy

Job summary

IAT Insurance Group is seeking a Claims Counsel in its Management Liability Claims Unit. The role handles EPL, D&O, Fiduciary, and Crime claims nationwide with a hybrid schedule (office Mon-Wed, remote Thu-Fri) and potential for fully remote arrangements.

The ideal candidate has 3-7 years of management liability claim experience, JD, and licensure to practice in the working jurisdiction. Travel, licensure, and CPCU optional enhancements are expected.

Qualifications

• Juris Doctorate required.
• Licensed to practice law in the working jurisdiction.
• 3-7 years of management liability claim experience (EPL, D&O, Fiduciary, Crime).
• Strong coverage analysis and drafting of coverage positions.
• Experience directing defense counsel and negotiating settlements.
• Willingness to travel up to 1 day per month.
• Claims licensure as required by state(s).
• CPCU or related studies beneficial.
• Excellent communication and organizational skills.
• Authorized to work in the United States; visa sponsorship not required.

Responsibilities

• Handle Management Liability Claims (EPL, D&O, Fiduciary, Crime) for Private and Non-Profit clients.
• Analyze, investigate, negotiate, and resolve claims within authority.
• Select, direct, and manage defense counsel and budget approvals.
• Develop litigation strategy and participate in mediations and trials.
• Verify coverage and draft position letters as needed.
• Prepare Large Loss Reports and management updates.
• Maintain 24-hour contact with stakeholders throughout claims life cycle.
• Identify recovery opportunities and reserves in line with guidelines.
• Ensure compliance with policies, regulatory and customer service standards.

Skills

Negotiation

Litigation management

Coverage analysis

Communication skills

Organizational skills

Education

Juris Doctorate

Job description

IAT has an immediate need for a Claims Counsel in our Management Liability Claims Unit that can be located in any of the 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 3-7 years of experience as a claim professional with experience handling Management liability claims including, Employment Practices liability, Directors and Officers Liability, Fiduciary Liability, as well as Crime claims on a national basis.

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

While we prefer candidates to work from one of our IAT office locations, we are open to considering fully remote arrangements for the ideal candidate.

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
• Perform other duties as needed

Qualifications

Must-Have:

• Juris Doctorate required
• Properly licensed, registered or authorized, and in good standing, to practice law in the jurisdiction in which you will be working
• 3-7 years management liability claim experience, including handling employment liability practices, directors & officers’ liability and fiduciary liability coverages
• Excellent coverage analysis skills with experience in drafting coverage position correspondence
• Experience handling litigated files and direction of defense counsel a plus
• Excellent negotiation skills
• Must be willing to travel, average 1 day a month.
• Claims Licensure as required by respective state(s)
• CPCU and other insurance related studies are beneficial
• 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 note require, now or in the future, VISA sponsorship for employment purposes

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 $82,960 – $150,000. 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

IAT Insurance Group 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.