Senior Claims Specialist, Executive Liability

This role can be filled in any Markel location below:

• New York, NY
• Alpharetta, GA
• Chicago, IL
• Red Bank, NJ
• Rosemont, IL
• Summit, NJ

This position will be responsible for the resolution of moderate to high complexity and moderate to high exposure claims which can be subject to disputes that must be resolved in mediation or litigation. The primary purpose of this job is to handle claims from coverage enquiry through legal liability and damages assessment; ensuring mitigation of indemnity and expense exposure, when possible, while communicating developments and outcomes as necessary to all internal and external stakeholders. The position will have increased responsibility for decision making within their authority and work with minimal oversight and be a technical referral point for other team members.

Responsibilities:

• Investigate, monitor, negotiate and settle complex excess matters involving Directors & Officers and Financial Institutions liability claims, from inception through conclusion.
• Assess and evaluate coverage under Directors & Officers and Financial Institutions insurance policies; make coverage determinations; draft routine and complex coverage correspondence; effectively communicate coverage positions to policyholders, brokers, and other stakeholders; manage claims involving coverage litigation.
• Oversee and monitor litigation filed nationwide against insureds; proactively work with Insureds and Brokers toward an economical resolution of claims.
• Communicate with underwriting as needed to manage claims and to alert of any significant developments.
• Promptly communicate with Claims leadership on adverse case developments and provide information on pertinent issues affecting the Director & Officers and Financial Institutions product lines.
• Analyze and convey summations of complex coverage and legal issues; recognize alternative approaches and develop action plans, both orally and in written form.
• Maintain and adhere to Markel’s guidelines and procedures.
• Ensure proper adherence to internal reporting requirements.
• Contribute and assist in the implementation of a wide range of initiatives, discussion and action plans brought forth by the Claims leadership.
• Actively participate in the ongoing training and development of the claims examiners as indicated by Claims leadership.

Requirements:

• 5+ years of Directors & Officers and/or Financial Institutions claims or litigation experience required. Excess liability (quota share, first layer and high layer) claims or litigation experience a plus.
• College degree and/or professional designation required; JD preferred.
• Excellent written and oral communication skills.
• Sound comprehension of insurance coverage posed by Directors & Officers, Financial Institutions, and excess liability policies.
• Ability to analyze and convey summations of complex issues both verbally and in writing; recognize alternative approaches and develop action plans.
• Experience in determining contractual obligations, insurance coverage analyses, and investigations. Insurance coverage litigation experience a plus.
• Ability to manage complex litigation, set loss and expense reserves, and evaluate settlement values.
• Participate in Insured and Broker related functions and meetings as required.
• Proven ability to work collaboratively and as team player willing to assist within the Unit and Professional Liability Division as needed.
• Ability to proactively self-manage a caseload.
• Travel required as necessary (approximately 20%).

The base salary offered for the successful candidate will be based on compensable factors such as job-relevant education, job-relevant experience, training, licensure, demonstrated competencies, geographic location, and other factors. The national average salary for the Sr. Claims Specialist, Executive Liability is $92,000 - $102,000 with 25% bonus potential.