Legal Claims Professional- Financial Lines
5 months ago
Zurich is currently looking for a Legal Claims Professional for our Management Solutions group to work out of one of our US Claims Offices.
If you are ready for a career move, consider working for a company with a global footprint that offers terrific benefits including an incentive plan, 401K match and an additional 401K contribution, flexible work options, work/life balance, summer hours and a great culture.
The Claims Professional will handle moderate to high complexity claims under primary and excess policies issued to financial institutions, insurance companies, and investment firms. Policies include Directors and Officers Liability, Professional Errors and Omissions, Insurance Company Professional Liability, and Fiduciary Liability. The ideal candidate will have experience reviewing complaints and other notice documents, performing coverage analysis, determining potential liability and exposure and setting appropriate reserves. They will resolve claims according to Best Practices and within authority limits. They will regularly communicate with customers and brokers and may be dedicated to handle claims for specific accounts.
Additional responsibilities include:
Analyze coverage, liability and damages Participate in mediations and negotiating settlements Draft reservation of rights and coverage denial letters Notify Underwriters of significant claim developments, account performance, etc. Draft case summary reports in connection with significant reserve increases Monitor and manage activities of defense counsel and legal spendAt Zurich North America we acknowledge that work life-balance and flexibility are a priority when it comes to choosing your next career move. Designed with our employees' needs in mind, the ZNA hybrid work model emphasizes flexibility, allowing claims employees to conduct individual work in their preferred location, while facilitating in-person connections and collaborative activities when meaningful and valuable. While the model provides a high level of flexibility and autonomy, some regular in-office attendance is required. The candidate selected for this opportunity should be able to report into one of our US Claims offices.
Basic Qualifications:
Juris Doctor and 5 or more years of experience in the Legal areaAND JD and 5 or more years of legal practice experience in the insurance area Must obtain and maintain required adjuster license(s) Experience in insurance claims and the insurance legal and regulatory environment Negotiation experience Customer service experience Microsoft Office experience
Preferred Qualifications:
Member of the Bar Claims handling experience including Directors and Officers Liability, Insurance Company Professional Liability, Fiduciary Liability, and Errors and Omissions policies Analytical skills Strong communication skills, oral and written Ability to multi-task Organization and time management skills Ability to prioritize work tasks Ability to work independently Experience collaborating across work groups Insurance designations such as SCLA, CPCU, AIC
As a condition of employment at Zurich, employees must adhere to any COVID-related health and safety protocols in place at that time ().
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