IAT Insurance Group
Management Liability Claims Specialist
IAT Insurance Group, Rolling Meadows, Illinois, United States, 60008
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Management Liability Claims Specialist
role at
IAT Insurance Group .
IAT Insurance Group has an immediate opening for a Management Liability Claims Specialist that can be located in any of our IAT locations. This role works a hybrid schedule from an IAT Office: working from the office Monday through Wednesday, with the option of working Thursday and Friday remotely.
Responsibilities
Handle Management Liability Claims (EPL, D&O, Fiduciary and Crime) for Private and Non‑Profit businesses based on Claim Guidelines.
Thoroughly analyze, investigate, negotiate and resolve all levels of severity claims within authority limits.
Select, direct and manage defense counsel, including approval of budgets.
Develop litigation/file disposition strategy; attend mediations, settlement conferences and trials.
Verify/analyze applicable coverage for the reported claims.
Follow operational policies and procedures, including compliance, regulatory and performance and customer service standards.
Prepare reports, including Large Loss Reports, to management accurately reflecting loss development, potential/actual financial exposure, coverage issues, claim and recovery strategies.
Establish 24‑hour contact and maintain appropriate contact with all involved stakeholders throughout the life of the claim file.
Identify and address recovery/contribution/SIU opportunities.
Set accurate/timely loss/expense reserves in compliance with Claim Guidelines.
Draft correspondence, including coverage letters to stakeholders as required.
Support business partners on an as needed basis on various claim and underwriting related issues and marketing meetings.
Maintain resident/nonresident adjuster licenses as required.
Perform other duties as assigned.
Qualifications – Must Have
Bachelor’s Degree with 5+ years of management liability claims experience (including handling employment liability practices, directors & officers’ liability and fiduciary liability coverages) or equivalent.
Equivalent experience defined as 9+ years of relevant claims experience, specifically claims involving litigation.
Excellent coverage analysis skills with experience drafting coverage position correspondence.
Experience handling litigated files and directing defense counsel.
Excellent negotiation skills.
Willing to travel, average 1 day a month.
Claims licensure as required by respective state(s).
Excellent oral and written communication skills.
Ability to organize, multi‑task and prioritize work.
Excellent customer service and interpersonal skills.
Ability to analyze data, utilize sound judgment to draw conclusions and make supported decisions.
Authorized to work in the United States without requiring future visa sponsorship.
Qualifications – Preferred
CPCU and other insurance‑related studies.
Compensation The annual gross salary range for this position is $60,600 – $95,700. Actual salaries may vary based on qualifications, skills, competencies and geographic location. Total compensation includes a base salary, performance‑based bonus opportunities, 401(k) match, profit‑sharing opportunities and more.
Benefits
26 PTO Days (Entry Level) + 12 Company Holidays = 38 Paid Days Off.
7% 401(k) Company Match and additional Profit Sharing.
Hybrid work environment.
Numerous training and development opportunities.
Healthcare and Wellness Programs.
Performance‑based bonuses.
College Loan Assistance Support Plan.
Educational Assistance Program.
Mentorship Program.
Dress for Your Day Policy.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. We maintain a drug‑free workplace and participate in E‑Verify.
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Management Liability Claims Specialist
role at
IAT Insurance Group .
IAT Insurance Group has an immediate opening for a Management Liability Claims Specialist that can be located in any of our IAT locations. This role works a hybrid schedule from an IAT Office: working from the office Monday through Wednesday, with the option of working Thursday and Friday remotely.
Responsibilities
Handle Management Liability Claims (EPL, D&O, Fiduciary and Crime) for Private and Non‑Profit businesses based on Claim Guidelines.
Thoroughly analyze, investigate, negotiate and resolve all levels of severity claims within authority limits.
Select, direct and manage defense counsel, including approval of budgets.
Develop litigation/file disposition strategy; attend mediations, settlement conferences and trials.
Verify/analyze applicable coverage for the reported claims.
Follow operational policies and procedures, including compliance, regulatory and performance and customer service standards.
Prepare reports, including Large Loss Reports, to management accurately reflecting loss development, potential/actual financial exposure, coverage issues, claim and recovery strategies.
Establish 24‑hour contact and maintain appropriate contact with all involved stakeholders throughout the life of the claim file.
Identify and address recovery/contribution/SIU opportunities.
Set accurate/timely loss/expense reserves in compliance with Claim Guidelines.
Draft correspondence, including coverage letters to stakeholders as required.
Support business partners on an as needed basis on various claim and underwriting related issues and marketing meetings.
Maintain resident/nonresident adjuster licenses as required.
Perform other duties as assigned.
Qualifications – Must Have
Bachelor’s Degree with 5+ years of management liability claims experience (including handling employment liability practices, directors & officers’ liability and fiduciary liability coverages) or equivalent.
Equivalent experience defined as 9+ years of relevant claims experience, specifically claims involving litigation.
Excellent coverage analysis skills with experience drafting coverage position correspondence.
Experience handling litigated files and directing defense counsel.
Excellent negotiation skills.
Willing to travel, average 1 day a month.
Claims licensure as required by respective state(s).
Excellent oral and written communication skills.
Ability to organize, multi‑task and prioritize work.
Excellent customer service and interpersonal skills.
Ability to analyze data, utilize sound judgment to draw conclusions and make supported decisions.
Authorized to work in the United States without requiring future visa sponsorship.
Qualifications – Preferred
CPCU and other insurance‑related studies.
Compensation The annual gross salary range for this position is $60,600 – $95,700. Actual salaries may vary based on qualifications, skills, competencies and geographic location. Total compensation includes a base salary, performance‑based bonus opportunities, 401(k) match, profit‑sharing opportunities and more.
Benefits
26 PTO Days (Entry Level) + 12 Company Holidays = 38 Paid Days Off.
7% 401(k) Company Match and additional Profit Sharing.
Hybrid work environment.
Numerous training and development opportunities.
Healthcare and Wellness Programs.
Performance‑based bonuses.
College Loan Assistance Support Plan.
Educational Assistance Program.
Mentorship Program.
Dress for Your Day Policy.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. We maintain a drug‑free workplace and participate in E‑Verify.
#J-18808-Ljbffr