Title: Senior Claims Specialist - Professional Liability
Company: Everest Insurance Company
Job Category: Claims
Everest Group, Ltd. ('Everest' or 'the Group') is a leading global reinsurance and insurance provider, operating for nearly 50 years through subsidiaries in the Europe, Bermuda, Canada, Singapore, US, and other territories. Our strengths include extensive product and distribution capabilities, a strong balance sheet, and an innovative culture. Throughout our history, Everest has maintained its discipline and focuses on creating long-term value through underwriting excellence and strong risk and capital management. But the most critical asset in this organization is our people.
Everest is a growth company with $14 Billion of Gross Written Premium offering Property, Casualty and specialty products among others, through its various operating subsidiaries located in key markets around the world. Everest has been a global leader in reinsurance with a broad footprint, deep client relationships, underwriting excellence, responsive service and customized solutions. Our insurance arm draws upon impressive global resources and financial strength to tailor each policy to meet the individual needs of our customers.
About the role:
We are seeking an experienced Claims Professional to join our Cyber Claims Department, located in our New York City office. The Everest Cyber Claims Department is part of Everest Financial & Specialty Lines Claims and is a rapidly growing and collaborative group.
The ideal candidate should possess the ability to handle Cyber 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. This position will report to the Director of Cyber Claims.
Responsibilities include, but are not limited to:
Intake, investigate, determine coverage, manage and resolve Cyber, Privacy, Media and Tech E&O claims
Review and analyze complex coverage issues and preparation of coverage position letters
Handle demanding and complex first party Cyber Claims, including Data Breaches, Business Interruption, Contingent Business Interruption, and Extortion claims
Handle third party privacy liability, PCI, Regulatory, Media and Tech E&O claims, resolving claims effectively and efficiently
Assist with emergencies on a rotational on-call schedule
Management and review of budgets, restoration plans and Business Interruption Income Proofs of Loss
Investigation, analysis and evaluation of liability and damages
Management and direction of outside counsel as well as reviewing & approving legal budgets and bills
Preparation of case summary reports related to matters of significant reserve and trial activity
Timely and appropriate setting of case reserves
Development and execution of claim strategies as well as resolution strategies
Negotiation and resolution of cases
Working with underwriters supporting policy construction and drafting, reporting claim trends, data analysis and risk assessment
Extensive communication with insureds, brokers, reinsurers and business unit contacts
Attend client meetings and industry functions to support retention and development of client relationships and business
Relevant experiences: A broad Insurance experience, including understanding of policy language, coverages, ethics and claim practices. Legal experience, including litigation, class action, regulatory, breach response, coverage would also be helpful. Cyber experience or understanding, including computer security, forensics, and network restoration, would also be helpful.
Multi-tasking and prioritization skills
Persuasive and efficient writing
Legal and insurance claim resolution skills, including negotiations
MS Office Suite and ability to learn constantly improving program
Work Experience & Qualifications:
The ideal candidate will have 4+ years of professional liability claims experience. Strong oral and written communication skills
Strong analytical and organizational skills
Strong negotiation and investigation skills
Excellent interpersonal skills
Ability to evaluate coverage issues involving a wide variety of loss scenarios
Ability to think strategically
In-depth knowledge of the litigation, arbitration, and trial process
Currently holds or readily can obtain all required adjuster licenses
Knowledge of the insurance industry, claims and the insurance legal and regulatory environment
Knowledge of claims handling or insurance legal statutes and procedures
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 departmental efficiency
Ability to and willingness to present to senior management and other group settings
Ability to influence others and resolve complex, disputed claims
JD Required (Currently Licensed)
Travel is required
Everest is committed to recruiting and retaining the most talented individuals in the industry. We offer a dynamic work environment and a competitive compensation and benefit package which includes a 401k plan, retirement/savings option, tuition reimbursement, medical, dental, vision, life and group legal plans.
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.
All considered applicants must be eligible to work in the U.S. with unexpired, acceptable employment eligibility verification documentation.
For NYC Only: The base salary range for this position is $110,000-$170,000 annually. The offered rate of compensation will be based on individual education, experience, qualifications and work location.
At Everest, our purpose is to provide the world with protection. We help clients and businesses thrive, fuel global economies, and create sustainable value for our colleagues, shareholders and the communities that we serve. We also pride ourselves on having a unique and inclusive culture which is driven by a unified set of values and behaviors. Click here to learn more about our culture.
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. Diversity, Equity and Inclusion.
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.
Time Type: Full time
Primary Location: New York, NY
Additional Locations: Stamford, CT, Warren, NJ
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 email@example.com.
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