Litigation Specialist/Senior Litigation Specialist

Job Description

ABOUT US:

Founded in 2021, Falcon Risk Services is a specialty managing general agent focused on underwriting and claims management for management, professional, financial and cyber lines of insurance, providing a full suite of insurance services. Our parent company,  HDI Global Specialty SE, an S&P A+ and A.M. Best A+ rated global insurer, provides us with a strong financial foundation for growth.

ABOUT THE ROLE:

We are looking to hire a Claim Professional to join as a key member of the Falcon Claim Services team. We offer a unique opportunity to join a well-funded company in its early stages. The environment is open, start-up-paced, and fun, offering the right candidate a chance to work across all facets of the business, shape our overall workplace strategy, and progress into a broader role. Falcon greatly values a culture of teamwork, with all colleagues’ input and ideas equally valued. The position requires initiative, creativity, attention to detail, and a desire to provide our clients with the best possible service. Although we value face-to-face interaction, there is an option to work partially remotely. This position will be based in New York City.

JOB DESCRIPTION:

• Manage claims involving public and private Management Liability policies, including Employment Practices Liability, Directors and Officers, and Crime claims.
• Opportunity to learn additional coverages.
• Opportunity to assist with endorsement and policy development.
• Follow company guidelines and industry best practices with minimal supervision.
• Complete investigations on claims, including coverage evaluations in a timely manner and fully document the claim file.
• Identify claims with a potential for high exposure.
• Accurately reserve each claim within the given claim authority level.
• Promptly seek authority for claims requiring reserves or payments above their authority level.
• Timely complete Large Loss Reports with minimal assistance.
• Maintain the diary system, assuring that each assigned claim receives the proper attention.
• Travel to attend mediations, settlement conferences, arbitrations, and trials as required.
• Utilize the claim system to accurately post reserves and make payments within the delegated authority level.
• Assign, manage, and direct counsel and the litigation process to ensure that claims are resolved in an efficient manner to achieve quality resolutions.
• Resolve matters in a timely manner.
• Collaborate with underwriting and actuarial divisions to facilitate knowledge transfer.
• Maintain adjuster licenses in states agreed upon with the supervisor.

JOB REQUIREMENTS:

• JD, preferred.
• 3 - 10 years of experience handling management or professional liability claims.

This position is based in New York, NY. The job will require 3 days in the office per week. $115,000-$190,000 per year plus bonus with a range of 10 – 20%, commensurate with experience.

BENEFITS:

• Health & dental insurance 
• Paid holidays 
• Paid parental leave 
• 401(k) plan

APPLICATION AND INTERVIEW PROCESS:

• First-round interviews will be held remotely (via Video Conference)
• Second round interviews will be held in person
• Please submit a resume for this role directly on LinkedIn