Ascot Group
Claims Counsel, Cyber & Professional Liability
Ascot Group, Chicago, Illinois, United States, 60290
Claims Counsel, Cyber & Professional Liability Ascot Group is seeking a Claims Counsel, Cyber & Professional Liability to join the Financial Lines Claims team. The role conducts thorough investigations, analysis, evaluation and disposition of claims and claim litigation. The successful candidate will provide superior customer service, optimize claim results and work with internal partners to provide legal advice and participate in Financial Lines Claim strategic initiatives.
Responsibilities
Manage a caseload of primary and excess Cyber, Technology and Miscellaneous E&O, and Media Liability claims of varying severity with moderate supervision. Duties include analyzing loss notices, drafting coverage correspondences, appointing and managing counsel, establishing reserves, negotiating and resolving claims, and maintaining comprehensive claims files. Prepare and present reports reflecting loss development, exposure, reserve adjustments, coverage issues, and claim and recovery strategies. Collaborate with underwriting on significant claim exposures. Work with internal and external business partners such as brokers, insureds and their counsel to resolve claims. Assist with Ascot’s 24/7 Cyber Breach Hotline. Maintain knowledge of cyber trends and provide feedback to claims and underwriting. Monitor marketplace conditions, conduct research, and draft reference materials to inform claim and underwriting decisions. Obtain and maintain required adjusters’ licenses. Travel to attend mediations, industry conferences, settlements, trials, depositions and assist with marketing efforts. Minimum Requirements
Bachelor’s Degree, with a J.D., preferred, or related field. 3-5 years’ of relevant legal or claim handling experience, ideally Cyber and Technology E&O, at an insurance carrier or private practice. Ability to work through conflict professionally and resolve issues. Ability to make sound decisions and negotiate terms within designated authority. Time management and ability to manage multiple priorities in a fast-paced environment. Strong verbal and written communication skills to articulate coverage determinations. Ability to build and maintain collaborative relationships with colleagues, customers, and business partners. Self-starter who can work independently. Strong knowledge of Microsoft Office and claims system skills. Compensation
Skills, Experience, Qualifications, If you have the right match for this opportunity, then make sure to apply today. Actual base pay could vary and may be above or below the listed range based on experience, subject matter expertise, and skills. The base pay is one component of Ascot’s total compensation package. Other rewards may include annual cash bonus and discretionary compensation. The annualized base pay range for this role is
New York City Metro Area: $130,000 - $145,000. Benefits The Company provides a competitive benefits package that includes the following (eligibility requirements apply): Health and Welfare Benefits: Medical (including prescription coverage), Dental, Vision, Health Savings Account, Commuter Account, Health Care and Dependent Care Flexible Spending Accounts, Life Insurance, AD&D, Work/Life Resources (EAP), and more. Leave Benefits: Paid holidays, annual Paid Time Off, Short-term and Long-term Disability, other leaves (Bereavement, FMLA, Adoption, Maternity, Military, caregiver). Retirement Benefits: Contributory Savings Plan (401k). Seniorities level
Mid-Senior level Employment type
Full-time Job function
Legal Industries
Insurance
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Manage a caseload of primary and excess Cyber, Technology and Miscellaneous E&O, and Media Liability claims of varying severity with moderate supervision. Duties include analyzing loss notices, drafting coverage correspondences, appointing and managing counsel, establishing reserves, negotiating and resolving claims, and maintaining comprehensive claims files. Prepare and present reports reflecting loss development, exposure, reserve adjustments, coverage issues, and claim and recovery strategies. Collaborate with underwriting on significant claim exposures. Work with internal and external business partners such as brokers, insureds and their counsel to resolve claims. Assist with Ascot’s 24/7 Cyber Breach Hotline. Maintain knowledge of cyber trends and provide feedback to claims and underwriting. Monitor marketplace conditions, conduct research, and draft reference materials to inform claim and underwriting decisions. Obtain and maintain required adjusters’ licenses. Travel to attend mediations, industry conferences, settlements, trials, depositions and assist with marketing efforts. Minimum Requirements
Bachelor’s Degree, with a J.D., preferred, or related field. 3-5 years’ of relevant legal or claim handling experience, ideally Cyber and Technology E&O, at an insurance carrier or private practice. Ability to work through conflict professionally and resolve issues. Ability to make sound decisions and negotiate terms within designated authority. Time management and ability to manage multiple priorities in a fast-paced environment. Strong verbal and written communication skills to articulate coverage determinations. Ability to build and maintain collaborative relationships with colleagues, customers, and business partners. Self-starter who can work independently. Strong knowledge of Microsoft Office and claims system skills. Compensation
Skills, Experience, Qualifications, If you have the right match for this opportunity, then make sure to apply today. Actual base pay could vary and may be above or below the listed range based on experience, subject matter expertise, and skills. The base pay is one component of Ascot’s total compensation package. Other rewards may include annual cash bonus and discretionary compensation. The annualized base pay range for this role is
New York City Metro Area: $130,000 - $145,000. Benefits The Company provides a competitive benefits package that includes the following (eligibility requirements apply): Health and Welfare Benefits: Medical (including prescription coverage), Dental, Vision, Health Savings Account, Commuter Account, Health Care and Dependent Care Flexible Spending Accounts, Life Insurance, AD&D, Work/Life Resources (EAP), and more. Leave Benefits: Paid holidays, annual Paid Time Off, Short-term and Long-term Disability, other leaves (Bereavement, FMLA, Adoption, Maternity, Military, caregiver). Retirement Benefits: Contributory Savings Plan (401k). Seniorities level
Mid-Senior level Employment type
Full-time Job function
Legal Industries
Insurance
#J-18808-Ljbffr