Job Description

Company Details

Berkley Select delivers professional liability insurance solutions to individuals, businesses, professional services firms, and nonprofit organizations.

As a Berkley company, Berkley Select is staffed with a team of experts with a specific focus on Professional Liability. Berkley Select utilizes individual risk underwriting, loss control, and claims practices to provide superior products and services to its customers.

Berkley Select is a Berkley Company. W. R. Berkley, founded in 1967, is one of the nation's premier commercial lines property casualty insurance providers. W. R. Berkley Corporation (NYSE: WRB).

Company URL:

The company is an equal employment opportunity employer.

Responsibilities

This position is responsible for the handling, oversight and overall management of Employment Practices Liability (EPL) claims. Experience with private company Director and Officer claims or other professional liability claims is a plus. Individual should have technical expertise in the interpretation of claims-made and reported policy coverages and coverage issues relating to EPL policies. Under limited management direction, Individual will analyze, coordinate and resolve claims within assigned limits of broad authority. Individual should have strong writing and presentation skills.

• Manages complex investigations of management liability claims including identifying insurance coverage issues, liability, compensability and damages. Determines if a claim should be settled or litigated and implements an appropriate resolution strategy accordingly. Effectively manages loss costs and claim expenses.
• Manages all types of investigative activity or litigation on claims, including the posting of appropriate reserves in a timely manner. Coordinates discovery and litigation strategy with panel attorneys and/or counsel retained by the insured.
• Negotiates settlement packages through mediation and alternative dispute resolution mechanisms.
• Makes recommendations on claims processes and resolution strategies to management. Drafts concise and well written large loss reports for reporting to senior management.
• Prepares and presents claims to management and other internal business partners and clients. Strong knowledge of state, federal and local employment laws and regulations, business corporation laws and litigation.
• Works with attorneys, account representatives, agents, and insureds regarding the handling and/or disposition of EPL claims presenting a range of complexity.

Qualifications

• Bachelor's degree or equivalent experience. Juris Doctorate a plus.
• 2-4 years' professional liability claims experience, including a strong background in EPL claims and/or other professional liability lines.
• Advanced technical and product specific expertise, claims resolution skill and knowledge of insurance claims principles, practices and procedures.
• Strong background in fully comprehending claim facts and issues, implementing strategies with a proactive long-term view of business goals and objectives and evaluating claims based on a cost benefit analysis.
• Creativity in resolving unique and challenging business problems.
• Strong skills needed in communications, negotiation and presentation skills.
• Advanced analytical and problem-solving skills.
• Prioritization and organization of multiple projects.
• Effectively manage ambiguous situations, issues and adapt to change.
• Strong interpersonal and team participation skills.

Additional Company Details

The position is based in Chicago; in-office four days per week.
We do not accept any unsolicited resumes from external recruiting firms.


The company offers a competitive compensation plan and robust benefits package for full time regular employees which for this role includes:

Base Salary Range: $100,000 - $140,000.

The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment.

This role is eligible to participate in the annual discretionary bonus program.

Benefits: Health, Dental, Vision, Life, Disability, Wellness, Paid Time Off, 401(k) and Profit-Sharing plans.

Sponsorship Details

Sponsorship not Offered for this Role

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Job Tags

Full time, Work at office, Local area,

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