at QBE The Americas in Chicago, Illinois, United States
Job Description
Primary DetailsTime Type: Full time
Worker Type: Employee
This opportunity is accountable for managing a diverse portfolio of complex and high severity claims underwritten out of the Financial Institutions and Public Company teams, focusing mainly on D&O, Fiduciary and Financial Institutions E&O. Collaborate with internal business partners (senior management, underwriters, actuaries) and external customers (insureds, brokers, defense counsel) in order to achieve desired result.
The Opportunity
This role will manage a diverse portfolio of complex and high severity claims underwritten out of the Financial Institutions and Public Company teams, focusing mainly on D&O, Fiduciary and Financial Institutions E&O. Collaborate with internal business partners (senior management, underwriters, actuaries) and external customers (insureds, brokers, defense counsel) in order to achieve desired result.
Primary Responsibilities
* Conduct independent coverage, liability and damages analysis in order to assess the extent of potential exposure to the Company.
* Draft correspondence that accurately and succinctly communicates Company's coverage position.
* Analyze, develop and determine appropriate case reserves on all assigned claim files and recommend changes where necessary to ensure actuarial accuracy.
*Attend mediations of complex claims on behalf of the Company in order to effectively negotiate
settlements within appropriate authority and in accordance with applicable laws, regulations, statutes, best practices and Department of Insurance (DOI) compliance.
*Drive the highest level of customer care, responsiveness, and satisfaction when managing assigned
claims to deliver superior customer service and claim outcomes.
*Collaborate with outside representative counsel to formulate litigation strategy ensuring achievement of desired outcome.
*Represent QBE by participating in and attending industry seminars or authoring articles.
*Collaborate with Underwriters to identify, understand and address novel or complex risks to appropriately price and negotiate terms including participation in sales calls and requests for proposals (RFPs).
*Take ownership for personal development and career planning, and development of required skills, tools, techniques, and technology to continually add value to the organization.
*Manage budgeted resources by anticipating expenditures, accurately forecasting resource needs/costs and properly accounting for expenses to meet requirements and achieve fiscal responsibility.
Required Education
* JD Required
Required Experience
* 8+ years relevant experience
Preferred Competencies/Skills
* Excellent interpersonal communications and negotiation skills.
* Generate original, innovative solutions to difficult or unusual situations.
* Financial and business acumen and awareness of financial responsibility.
* Quickly change direction when working on multiple projects or issues.
* Properly document investigation findings and preserve evidence in accordance with internal and external laws and procedures.
*Use logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
*Assume a methodical approach to a given situation and develop a systematic procedure as a response.
*Develop effective negotiation strategies and prepare a plan of action.
*Build and capitalize on beneficial internal and external relationships including competitors.
*Actively contributes towards continuously improving performance and mentor team with feedback, on-the-job skill enhancement opportunities and career advice.
*Build and establish constructive and cooperative working relationships and open lines of communication.
*Utilize effective communication skills to influence and persuade decision makers.
*Collaborate with internal resources to resolve difficult claims situations and drive resolution opportunities with internal and external stakeholders
Preferred Experience & Knowledge
* Advanced working knowledge of Financial Institutions (D&O, Fiduciary, E&O) products, policies, practices, trends, technology and information affecting the business and organization; knows how the business works.
* Strong preference for specific experience handling Asset Manager, Private Equity, Investment Management, Hedge Fund and/or Insurance Company Professional liability claims.
*Advanced working knowledge of insurance policy and contract... For full info follow application link.
Equal Employment Opportunity
The companies of QBE North America are committed to equal employment opportunities. All qualified applicants will receive consideration for employment without regard to age, disability, marital or parental status, national origin, citizenship, race, color, religion, sex, sexual orientation, or veteran status. All personal information contained in this application will be kept confidential as required by law.
