Senior Claims Specialist - Management Liability

AXIS Capital

  • Chicago, IL
  • Permanent
  • Full-time
  • 7 days ago
This is your opportunity to join AXIS Capital – a trusted global provider of specialty lines insurance and reinsurance. We stand apart for our outstanding client service, intelligent risk taking and superior risk adjusted returns for our shareholders. We also proudly maintain an entrepreneurial, disciplined and ethical corporate culture. As a member of AXIS, you join a team that is among the best in the industry.At AXIS, we believe that we are only as strong as our people. We strive to create an inclusive and welcoming culture where employees of all backgrounds and from all walks of life feel comfortable and empowered to be themselves. This means that we bring our whole selves to work.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.Senior Claims Specialist – Management Liability (Hybrid)About AXISThis is your opportunity to join AXIS Capital – 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.Life at AXIS
  • Hybrid work model: We value work-life balance and offer flexibility to our employees through a hybrid work model
  • Diverse and inclusive environment: We celebrate diversity and strive to create an inclusive environment for all employees
  • Career growth opportunities: We are committed to your professional development and offer various opportunities for growth advancement
  • Social impact initiatives: We believe in making a difference and support various social and environmental causes
Job DescriptionAXIS 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.This role will be responsible for:Handling and managing 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.Investigation, analysis and evaluation of coverage, liability and damages, within best practices and maintain appropriate documentationReviewing Management Liability claims to determine the nature of loss, coverage provided, and scope of claim and to guide strategic direction regarding settlement/disposition of claimsDeveloping and maintaining relationships with internal and external partnersEscalating coverage issues and recommending outside coverage counsel assignments for approval, where warrantedFormulating claims and litigation strategies, assigning, directing, and managing outside counselEvaluating and maintaining accurate claim reserves and other financialsManaging costs, including use of coverage counsel and litigation costs as well as collaborating and working with the Litigation Management and Vendor Management teams ensuring cost management and the development and enhancement of panel counsel Maintain and develop relationships with senior executives, brokers, reinsurers, actuaries, underwriters, insureds, and auditors (both external and internal)Supporting underwriting inquiries and information requests and drafting, reporting claim trends, data analysis, and risk assessmentsLeading and participating in presentations and discussions with Underwriters and Insureds on large losses and claim trendsParticipating in claim auditsParticipate in special projects and department initiatives.Other duties as assignedQualifications:Juris Doctorate preferred; Admitted to practiceMinimum of 7 years of experience handling Management Liability claimsRequired 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 deadlinesExperience with KPIs and the “flow” associated with Management Liability claims.Excel skills and experience with Power BI a plus.KEY SKILLS & ABILITIES:Comfort with evaluating high exposure and complex claimsExcellent oral and written communication skills with the ability to deal effectively with a wide range of stakeholdersExperience presenting to senior management and outside partnersKnowledge of claims and litigation management, dispute resolution processes, and trials and appeals as well as excellent analytical, investigative, and negotiating skillsTravel is associated with this role (off-site meetings, court proceedings, mediations)Benefits and BeyondAt AXIS, we recognize that in order to be an industry leader, we need the dedication and accomplishments of our people, which is why we offer comprehensive benefits, competitive compensation, attractive work-life perks and incentivize exceptional performance.Expected base salary compensation for this role depending on location-120-165K.Our ValuesWe deliver on our promisesWe never compromise our integrityWe are passionateWe are dynamicWe deliver on our promises

AXIS Capital