Claims Consultant

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: https://www.berkleyselect.com/LI-B1-HYBRID

The company is an equal employment opportunity employer.

Responsibilities

The Claims Consultant is responsible for the handling, oversight and overall management of complex management liability claims, primarily Employment Practices Liability (EPL) and private company Director and Officer claims. Individual should be a technical expert in the interpretation of complex or unusual claims-made and reported policy coverages. Under limited management direction, will analyze, coordinate and resolve claims within assigned limits of broad authority. Key functions include but are not limited to:

• 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 complex settlement packages through mediations 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.
• Works with attorneys, account representatives, agents, and insureds regarding the handling and/or disposition of highly complex claims.

Qualifications

• JD preferred. BA/BS degree required.
• At least 5 years professional liability claims experience, with strong background in EPL claims.
• Experience with medical claims is a plus.
• Advanced technical and product specific expertise, claims resolution skill and knowledge of insurance claims principles, practices and procedures.
• Strong background in fully comprehending complex 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.
• Able to effectively manage ambiguous situations, issues and adapt to change.
• Strong interpersonal and team participation skills.

Additional Company Details

We do not accept any unsolicited resumes from external recruiting firms.

Benefits

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

Base Salary Range: $110,000 - $135,000.

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