Sr. Claims Specialist - Financial Institutions

Sr. Claims Specialist - Financial Institutions

Join to apply for the Sr. Claims Specialist - Financial Institutions role at AXIS (AXIS Capital) .

AXIS Capital is a global provider of specialty lines insurance and reinsurance, known for outstanding client service, risk-taking, and strong financial returns. We foster an inclusive, ethical, and entrepreneurial culture, valuing our employees' diverse backgrounds and perspectives.

We are seeking a Senior Claims Specialist - Financial Institutions to join our North America Claims team, reporting to the Head of Management Liability Financial Institutions Claims. The role involves working with various teams to develop leading claims strategies.

Responsibilities:

• Handle and manage a variety of Management Liability Claims, including Bankers Professional Liability, Investment Advisors, E&O/D&O, and ICPL. Experience with Transactional Liability claims is a plus.
• Investigate, analyze, and evaluate coverage liability and damages, maintaining proper documentation.
• Provide technical advice and guidance to junior team members and internal partners.
• Review claims to determine loss nature, coverage, and scope, guiding settlement strategies.
• Develop relationships with internal and external partners.
• Escalate coverage issues and recommend outside counsel when needed.
• Manage claims strategies, including outside counsel and litigation management.
• Control costs related to coverage and litigation, collaborating with relevant teams.
• Communicate extensively with senior stakeholders, brokers, reinsurers, and others.
• Support underwriting inquiries, report on claim trends, and conduct data analysis.
• Lead presentations with underwriters and insureds on large losses and trends.
• Participate in claim audits, special projects, and initiatives.
• Identify coverage and liability trends, developing handling strategies and ensuring consistent claims management.

Qualifications:

• Juris Doctorate; admitted to practice preferred.
• 5-7 years of experience in Management Liability claims.
• Strong team, deadline, and adaptability skills.
• High exposure/complex claim evaluation skills.
• Ability to manage KPIs for FI claims.
• Excellent negotiation, communication, and interpersonal skills.

Key Skills & Abilities:

• Claims adjuster licenses for required states or ability to obtain within 90-120 days.
• Leadership and claims management experience, including law practice.
• Ability to influence and resolve complex claims.
• Analytical thinking and broad portfolio impact understanding.
• Strong communication skills for diverse audiences.
• Experience with a variety of loss scenarios and presenting to senior management.
• Deep knowledge of claims, litigation, arbitration, and negotiation.
• Technical expertise in complex coverage analysis, financial institutions, and KPI management.

Additional Details:

• Seniority level: Mid-Senior level
• Employment type: Full-time
• Job function: Finance and Sales
• Industry: Insurance