Professional Liability Senior Claims Specialist

Professional Liability Senior Claims Specialist

Everest is a global leader in risk management, rooted in a rich, 50+ year heritage of enabling businesses to survive and thrive, and economies to function and flourish. We are underwriters of risk, growth, progress and opportunity. We are a global team focused on disciplined capital allocation and long-term value creation for all stakeholders, who care deeply about our impact on communities and the wider world.

Job Description

The ideal candidate should possess the ability to handle complex Primary and Excess Professional Liability claims. More particularly, the ideal candidate will be able to analyze insurance coverage issues and resolve claims according to certain Best Practices and within stated authority limits relative to the E&O Segment across diverse industries. This is a hybrid position based working 3 days onsite, 2 remote in either our Warren, NJ, Stamford, CT or New York City office.

Responsibilities include but not limited to:

• Reviewing and analyzing complex coverage issues and preparing coverage positions letters
• Investigating, analyzing, and evaluating liability and damages
• Managing and directing outside counsel; reviewing & approving legal budgets and fee statements
• Preparing Large Claim Reports related to matters of significant reserve and trial activity
• Timely and appropriately setting case reserves
• Developing and executing negotiation and resolution strategies
• Monitoring and attending trials, mediations and settlement conferences
• Engaging with underwriting supporting policy construction and drafting, reporting claim trends, data analysis and risk assessment
• Extensive communications with insureds, brokers, reinsurers and other business contacts
• Attending client meetings and industry functions to support retention and development of client relationships and business.

Qualifications, Education & Experience

The ideal candidate will have 3-5 years of Professional Liability claims experience along with following:

• Strong oral and written communication skills
• Strong analytical and organizational skills; Strong negotiation and investigation skills.
• Excellent interpersonal skills
• Ability to evaluate coverage involving a wide variety of loss scenarios and ability to think strategically
• In-depth knowledge of the litigation, arbitration, and trial process
• Currently holds or can readily obtain all required adjuster licenses.
• Knowledge of insurance industry, claims and the insurance legal and regulatory environment
• Ability to identify and use relevant data and metrics to best manage claims; Collaborative mind-set and willingness to work with people outside immediate reporting hierarchy to improve processes and generate optimal department efficiency
• Ability to and willingness to present to senior management and other stakeholders
• Ability to resolve complex disputed claims; J.D. (currently licensed) / experience practicing law preferred
• Travel: Approximately 0–20%, depending on business needs.

The base salary range for this position is $130,000 - $160,000 annually. The offered rate of compensation will be based on individual education, experience, qualifications and work location. All offers include access to a variety of benefits to employees, including health insurance coverage, an employee wellness program, life and disability insurance, 401k match, retirement savings plan, paid holidays and paid time off (PTO).

At Everest we are dedicated to building an inclusive and authentic workplace. So, if you are excited about this role but your past experience doesn't align perfectly with every element in the job description, we still encourage you to apply. You may be just the right candidate for this or other roles. Please let us know if you need any accommodations throughout the application or interview process.

Our Values are the guiding principles that inform our decisions, actions and behaviors. They are an expression of our culture and an integral part of how we work: Talent. Thoughtful assumption of risk. Execution. Efficiency. Humility. Leadership. Collaboration. Inclusion and Belonging.

Our Colleague Behaviors define how we operate and interact with each other no matter our location, level or function: Respect everyone. Pursue better. Lead by example. Own our outcomes. Win together.

All colleagues are held accountable to upholding and supporting our values and behaviors across the company. This includes day to day interactions with fellow colleagues, and the global communities we serve.

Type: Regular

Time Type: Full time

Primary Location: Warren, NJ

Additional Locations: New York, NY, Stamford, CT

Everest is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion or creed, sex (including pregnancy), sexual orientation, gender identity or expression, national origin or ancestry, citizenship, genetics, physical or mental disability, age, marital status, civil union status, family or parental status, veteran status, or any other characteristic protected by law. As part of this commitment, Everest will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact Everest Benefits at View email address on click.appcast.io.