AXIS (AXIS Capital)
Senior Claims Specialist - Management Liability
AXIS (AXIS Capital), Chicago, Illinois, United States, 60290
Senior Claims Specialist - Management Liability
AXIS Capital is seeking a
Senior Claims Specialist – Management Liability
to join our North America Claims team. The selected candidate will work closely with colleagues across AXIS Insurance, including North American Claims and International Claims, and the Directors & Officers (D&O) and Financial Institutions (FI) Business Units to develop and drive an industry-leading claims offering and strategy.
About AXIS AXIS is a leading provider of specialty insurance and global reinsurance. We give people and organizations the confidence to take necessary risks in the pursuit of their goals and ambitions. Our strength is grounded in our people and culture, which encourages collaboration, diversity, and entrepreneurialism.
EEO Statement 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.
Job Description AXIS is seeking a
Senior Claims Specialist – Management Liability
to join our North America Claims team. The selected candidate will work closely with colleagues across AXIS Insurance, including North American Claims and International Claims, and the Directors & Officers (D&O) and Financial Institutions (FI) Business Units to develop and drive an industry-leading claims offering and strategy.
Responsibilities
Handle and manage a wide variety of Management Liability Claims under limited supervision, including Public D&O, Private D&O, Bankers Professional Liability (BPL), Investment Advisors, Private Equity, and Insurance Company Professional Liability (ICPL). Experience with Transactional Liability claims including Representations and Warranties, Judgment Preservation & Contingent Risk is a plus.
Investigate, analyze and evaluate coverage, liability and damages, and maintain appropriate documentation.
Review Management Liability claims to determine the nature of loss, coverage provided, and scope of claim; guide strategic direction regarding settlement/disposition of claims.
Develop and maintain relationships with internal and external partners.
Escalate coverage issues and recommend outside coverage counsel assignments for approval, where warranted.
Formulate claims and litigation strategies, assign, direct, and manage outside counsel.
Evaluate and maintain accurate claim reserves and other financials.
Manage costs, including use of coverage counsel and litigation costs; collaborate with the Litigation Management and Vendor Management teams to ensure cost management and development of panel counsel.
Maintain relationships with senior executives, brokers, reinsurers, actuaries, underwriters, insureds, and auditors (internal and external).
Support underwriting inquiries and information requests; draft and report claim trends, data analysis, and risk assessments.
Lead and participate in presentations and discussions with Underwriters and Insureds on large losses and claim trends.
Participate in claim audits and special projects or department initiatives.
Other duties as assigned.
Qualifications
Juris Doctorate preferred; admitted to practice (in applicable jurisdiction).
Minimum of 7 years of experience handling Management Liability claims.
Required state claims adjuster licenses (or ability to obtain within 90 days of hiring).
Demonstrated ability to work effectively as part of a team and meet deadlines.
Experience with KPIs and the workflow associated with Management Liability claims.
Excel skills and Power BI experience a plus.
Key skills & abilities: comfortable evaluating high exposure and complex claims; excellent oral and written communication; experience presenting to senior management and outside partners; knowledge of claims and litigation management, dispute resolution processes, and trials/appeals; strong analytical, investigative, and negotiating skills; travel as required.
Benefits At AXIS, we recognize that to be an industry leader we rely on the dedication and accomplishments of our people. We offer comprehensive benefits, competitive compensation, attractive work-life perks, and incentives for exceptional performance. The expected base salary for this role, depending on location, is 120-165K.
Our Values
We deliver on our promises
We never compromise our integrity
We are passionate
We are dynamic
Job Details
Seniority level: Mid-Senior level
Employment type: Full-time
Job function: Finance and Sales
Industries: Insurance
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Senior Claims Specialist – Management Liability
to join our North America Claims team. The selected candidate will work closely with colleagues across AXIS Insurance, including North American Claims and International Claims, and the Directors & Officers (D&O) and Financial Institutions (FI) Business Units to develop and drive an industry-leading claims offering and strategy.
About AXIS AXIS is a leading provider of specialty insurance and global reinsurance. We give people and organizations the confidence to take necessary risks in the pursuit of their goals and ambitions. Our strength is grounded in our people and culture, which encourages collaboration, diversity, and entrepreneurialism.
EEO Statement 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.
Job Description AXIS is seeking a
Senior Claims Specialist – Management Liability
to join our North America Claims team. The selected candidate will work closely with colleagues across AXIS Insurance, including North American Claims and International Claims, and the Directors & Officers (D&O) and Financial Institutions (FI) Business Units to develop and drive an industry-leading claims offering and strategy.
Responsibilities
Handle and manage a wide variety of Management Liability Claims under limited supervision, including Public D&O, Private D&O, Bankers Professional Liability (BPL), Investment Advisors, Private Equity, and Insurance Company Professional Liability (ICPL). Experience with Transactional Liability claims including Representations and Warranties, Judgment Preservation & Contingent Risk is a plus.
Investigate, analyze and evaluate coverage, liability and damages, and maintain appropriate documentation.
Review Management Liability claims to determine the nature of loss, coverage provided, and scope of claim; guide strategic direction regarding settlement/disposition of claims.
Develop and maintain relationships with internal and external partners.
Escalate coverage issues and recommend outside coverage counsel assignments for approval, where warranted.
Formulate claims and litigation strategies, assign, direct, and manage outside counsel.
Evaluate and maintain accurate claim reserves and other financials.
Manage costs, including use of coverage counsel and litigation costs; collaborate with the Litigation Management and Vendor Management teams to ensure cost management and development of panel counsel.
Maintain relationships with senior executives, brokers, reinsurers, actuaries, underwriters, insureds, and auditors (internal and external).
Support underwriting inquiries and information requests; draft and report claim trends, data analysis, and risk assessments.
Lead and participate in presentations and discussions with Underwriters and Insureds on large losses and claim trends.
Participate in claim audits and special projects or department initiatives.
Other duties as assigned.
Qualifications
Juris Doctorate preferred; admitted to practice (in applicable jurisdiction).
Minimum of 7 years of experience handling Management Liability claims.
Required state claims adjuster licenses (or ability to obtain within 90 days of hiring).
Demonstrated ability to work effectively as part of a team and meet deadlines.
Experience with KPIs and the workflow associated with Management Liability claims.
Excel skills and Power BI experience a plus.
Key skills & abilities: comfortable evaluating high exposure and complex claims; excellent oral and written communication; experience presenting to senior management and outside partners; knowledge of claims and litigation management, dispute resolution processes, and trials/appeals; strong analytical, investigative, and negotiating skills; travel as required.
Benefits At AXIS, we recognize that to be an industry leader we rely on the dedication and accomplishments of our people. We offer comprehensive benefits, competitive compensation, attractive work-life perks, and incentives for exceptional performance. The expected base salary for this role, depending on location, is 120-165K.
Our Values
We deliver on our promises
We never compromise our integrity
We are passionate
We are dynamic
Job Details
Seniority level: Mid-Senior level
Employment type: Full-time
Job function: Finance and Sales
Industries: Insurance
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