Senior Claims Specialist, Cyber

AXIS (AXIS Capital); Chicago (IL); Hybrid; USD 120,000 - 150,000; Full time

Job summary

AXIS Capital is seeking a Sr. Claims Specialist, Cyber to join our team in a hybrid capacity. This role demands strong experience in cyber claims handling, collaboration with underwriters, attorneys, and brokers, and a focus on best-practices claim service.

Base salary ranges from $120,000 to $150,000 with incentive compensation and a comprehensive benefits package. Travel flexibility is required, and the position may be based in multiple Axis locations, including Chicago.

Qualifications

• Bachelor’s degree or equivalent; JD a plus.
• Claims adjuster license required; valid licenses in required states and additional states as needed.
• Minimum Of 4-8 Years Claim Adjusting Experience Required.
• Experience handling cyber primary and excess claims, including first party and third-party privacy liability claims is a plus.

Responsibilities

• Analyze claims and determine proper course of action and pursue to conclusion.
• Set accurate and timely claim reserves; refer to senior team when necessary.
• Review policies and wordings to validate coverage and escalate issues.
• Coordinate with insureds, claimants, attorneys and brokers to ensure premier claim service.
• Develop working knowledge of legal frameworks and claims handling practices relevant to jurisdictions.

Skills

Written communication

Verbal communication

Remote work experience

Team player

Education

Bachelor’s degree or equivalent

JD a plus

Tools

Excel

Word

PowerPoint

OneNote

SharePoint

Job description

This is your opportunity to join AXIS Capital – a trusted global provider of specialty lines insurance and reinsurance. We stand apart for our outstanding client service, intelligent risk taking and superior risk adjusted returns for our shareholders. We also proudly maintain an entrepreneurial, disciplined and ethical corporate culture. As a member of AXIS, you join a team that is among the best in the industry.

At AXIS, we believe that we are only as strong as our people. We strive to create an inclusive and welcoming culture where employees of all backgrounds and from all walks of life feel comfortable and empowered to be themselves. This means that we bring our whole selves to work.

All qualified applicants will receive consideration for employment without regard to any protected characteristic, including age, color, disability, ethnicity, gender identity, marital status, national origin, pregnancy, race, religion, sex, sexual orientation, veteran status, or any basis prohibited by the laws that govern its operations.

Sr. Claims Specialist, Cyber – Salary Grade H

This is your opportunity to join AXIS Capital – a trusted global provider of specialty lines insurance and reinsurance. We stand apart for our outstanding client service, intelligent risk taking and superior risk adjusted returns for our shareholders. We also proudly maintain an entrepreneurial, disciplined and ethical corporate culture. As a member of AXIS, you join a team that is among the best in the industry.

At AXIS, we believe that we are only as strong as our people. We strive to create an inclusive and welcoming culture where employees of all backgrounds and from all walks of life feel comfortable and empowered to be themselves. This means that we bring our whole selves to work.

All qualified applicants will receive consideration for employment without regard to race, color, religion or creed, sex, pregnancy, sexual orientation, gender identity or expression, national origin or ancestry, citizenship, physical or mental disability, age, marital status, civil union status, family or parental status, or any other characteristic protected by law. Accommodation is available upon request for candidates taking part in the selection process.

'Please note this role requires hybrid work, with in office attendance 3 days a week. The role can be based in any of these Axis office locations: NYC, Short Hills - NJ, Red Bank – NJ, Princeton – NJ, Alpharetta, or Chicago.

Exercises critical thinking, proper judgment and decision making in a best practices claim environment to promptly analyze the claim exposure, determine the proper course of action, and pursue claims to conclusion.

Set accurate and timely claim reserves and make referrals to senior members of the team where necessary.

Obtain relevant policies, review policy wordings to validate coverage for claims and elevate any issues arising.

Prepare coverage positions to be reviewed and approved by Claim Manager.

Work closely with Insureds, Claimants, attorneys and brokers ensuring a premier and best practices claim service is maintained, escalating issues as appropriate.

Documents claim file notes, stores electronic documents, documents claim details in an effective and timely manner.

Develop a working knowledge of the legal frameworks and claims handling practices relevant to the jurisdictions in which the claims arise.

Monitor and investigate assigned claims and develop resolution strategy.

Attend mediation, arbitration and other claim meetings as needed.

Participate in presentations and discussions with Underwriters.

Additional responsibilities for this role include validation of indemnity and fee payments, ensuring these are processed accurately and promptly.

Ensure file set up accurately with proper coding, LOB, Danger Signal and CAT Codes.

REQUIRED EDUCATION/TRAINING & EXPERIENCE:

• Bachelor’s degree or equivalent; JD a plus.
• Claims adjuster license required; valid adjusting licenses in required states and additional states as needed.
• Minimum Of 4-8 Years Claim Adjusting Experience Required.
• Experience handling cyber primary and excess claims, including first party and third-party privacy liability claims. Experience handling media liability and technology errors and omissions claims is a plus.
• Attain expert comfort level in remote and work from home virtual working practices and platforms
• Excellent written and verbal communication skills, to liaise with numerous customers, both internal and external.
• Solid understanding of individual and group performance metrics and KPIs.
• Experience with Excel, Word, PowerPoint, OneNote and SharePoint a plus.
• Availability for occasional travel.
• Team player who has a positive outlook, flexible, organized, efficient and timely.

For this position, we currently expect to offer a base salary in the range of $120K-150K. The specific salary offer will be based on an assessment of a variety of factors including the experience of the successful candidate and their work location.

In addition, you will be offered competitive target incentive compensation, with awards based on overall corporate and individual performance. On top of this, you will be eligible for a comprehensive and competitive benefits package which includes medical plans for you and your family, health and wellness programs, retirement plans, tuition reimbursement, paid vacation, and much more.

Where this role is based in the United States of America, this role is [Exempt/Non-Exempt] for FLSA purposes.

This posting is for an existing vacancy.