Senior Claims Examiner - Executive Assurance

McNeil & Co.; Chicago (IL); On-site; USD 111,000 - 172,000; Full time

Benefits offered by this job

Competitive benefits package

PTO 20 days per year

401(k) matching

Job summary

Arch Insurance Group Inc. in Chicago seeks a Senior Claims Examiner to join the Executive Assurance Team, overseeing a diverse caseload of D&O, financial lines, and related claims.

You will identify coverage issues, draft position letters, and retain counsel when necessary while coordinating with claim staff, underwriters, defense counsel and brokers. Strong communication and JD required; travel up to 20% of the time.

Qualifications

• Juris Doctorate required.
• Exceptional written and verbal communication skills.
• Experience handling management liability claims is preferred.

Responsibilities

• Identify and assess coverage issues and draft coverage position letters.
• Develop and implement strategy to resolve liability and damages.
• Maintain contacts with claim staff, underwriters, defense counsel, and brokers.
• Review and analyze insurance statutes, rules, and case law across jurisdictions.
• Review litigation materials and expert reports to assess risk and reserves.
• Travel within the United States for mediations, trials and proceedings.

Skills

Communication

Negotiation

Influencing

Interpersonal skills

Time management

Education

Juris Doctorate

Tools

Microsoft Excel

PowerPoint

Word

Job description

With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility.

Position Overview

The Claims Division is seeking a team member to join the Executive Assurance Team as Senior Claims Examiner.In this role, the responsibilities include but are not limited to actively manage and effectively oversee assigned caseload for a variety of claims, including Public D&O, Private Company D&O, Financial Lines, Private Equity, Transaction Risk and Commercial Crime related claims.

Primary Responsibilities

Identify and assess coverage issues, draft coverage position letters, and retain coverage counsel, when necessary as well as review coverage counsel's opinion letters and analysis Develop and implement strategy relative to coverage issues which correlate with the overall strategy of matters entrusted to the handler's care Develop and implement strategy to resolve matters of liability and damages of a particular case Maintain contact with the claim staff, business line leaders, underwriters, defense counsel, and brokers Investigate claim and review the insureds' materials, pleadings, and other relevant documents Identify and review of each jurisdiction's applicable statutes, rules, and case law Review litigation materials including depositions and expert's reports Analyze and direct risk transfer, other insurance issues, and contractual indemnity issues Retain counsel when necessary and direct counsel in accordance with resolution strategy Analyze coverage, liability and damages for purposes of assessing and recommending reserves Prepare and present written/oral reports to senior management setting forth all issues influencing evaluation and recommending reserves Travel to and from locations within the United States to attend mediations, trials, and other proceedings relevant to the resolution of the matter Negotiate resolution of claims Review and evaluate defense counsel invoices for reasonableness and process associated payments Maintain a diary of all claims, post reserves in a timely fashion, and expeditiously respond to claims inquiries from insured, counsel, underwriters, brokers, and senior management

Qualifications

Juris Doctorate degree required 5-7 plus years of work experiencehandling management liability claims process at a carrier, broker, or law firm Proper adjuster licensing in all applicable states preferred Exceptional communication (written and verbal), evaluation, influencing, negotiating, listening, and interpersonal skills to effectively develop productive working relationships with internal/external peers and other professionals across organizational lines Strong time management and organizational skills Ability to take part in active strategic discussions Ability to work well independently and in a team environment Hands-on experience and strong aptitude with Microsoft Excel, PowerPoint and Word Willing and able to travel 15-20%

For individuals assigned or hired to work in the location(s) indicated below

the base salary range is provided. Range is as of the time of posting. Position is incentive eligible. For Chicago: $111,100 - $172,465/year For NYC/NJ: $123,400 - $191,628/year Total individual compensation (base salary, short & long-term incentives) offered will take into account a number of factors including but not limited to geographic location, scope & responsibilities of the role, qualifications, talent availability & specialization as well as business needs. The above pay range may be modified in the future.

Benefits

Arch is committed to helping employees succeed through our comprehensive benefits package that includes multiple medical plans plus dental, vision and prescription drug coverage; a competitive 401k with generous matching; PTO beginning at 20 days per year; up to 12 paid company holidays per year plus 2 paid days of Volunteer Time Offer; basic Life and AD&D Insurance as well as Short and Long-Term Disability; Paid Parental Leave of up to 10 weeks; Student Loan Assistance and Tuition Reimbursement, Backup Child and Elder Care; and more.

14400 Arch Insurance Group Inc. Arch Capital Group Ltd. is a Bermuda-based specialty insurer that provides insurance, reinsurance and mortgage insurance on a worldwide basis. With a 20+-year track record of delivering results and a coveted position on the S&P 500 index, Arch is a great place to grow your career.

Attention Job Seekers: Arch Capital Group Ltd. (Arch) and its affiliates take your interest in working here very seriously. Please be vigilant to fraudulent activity if you receive a communication or email asking you to submit any personal information. Do not send money or pass any details to someone suggesting they can provide employment with Arch. You should only enter your information into our official career portal. Please know the following about our interviewing and hiring practices. We never make job offers without a formal, in person, interview process. We never ask you to send money of any kind.