What are the responsibilities and job description for the Sr. Litigation Analyst (E&O) position at Core Specialty Insurance Holdings, Inc.?
Direct oversight and handling of E&O claims with an emphasis on Lawyers Professional Liability Claims
Key Accountabilities/Deliverables:
At Core Specialty, you will receive a competitive salary and opportunities for professional development and advancement. We offer medical, dental, vision, and life insurances; short and long-term disability; a Company-match of 100% of a 6% contribution 401(k) plan; an Employee Assistance Plan; Health Savings Account, Flexible Spending Account, Health Reimbursement Account, and a wellness program
Key Accountabilities/Deliverables:
- Ensure compliance with established claim handling guidelines regarding complex and catastrophic claims, coverage, investigation, liability, damages, evaluation, and resolution of E&O Claims across multiple jurisdictions.
- Establish reserves pursuant to established reserving protocols and reserve authority procedures.
- Adhere to the Core Specialty Insurance Company’s Panel Counsel Program and Litigation Guidelines.
- Establish and maintain close communication with insureds, brokers and defense counsel providing input and direction in the handling of cases as warranted.
- Work closely with management and litigation department to develop case strategy.
- Ability to write coverage letters and work with coverage counsel, as needed.
- Engage in rigorous ALAE control and management, by competently selecting, instructing and managing 3rd party vendors, pursuant to MGA and other binding authority arrangements.
- Provide claims underwriting support.
- Comply with Team and Individual Service Levels and Key Performance Indicator (“KPI”) metrics set by Claims Operations Manager
- Undertaking general office administrative duties as required
- Proactively expanding and maintaining awareness of market and industry trends.
- In addition to the above key responsibilities, you may be required to undertake other duties from time to time as the Company may reasonably require.
- Possess a comprehensive understanding and knowledge of state and federal laws (including legislation) applicable to Casualty claims and have an in-depth understanding of the policy language/coverage.
- Must possess excellent writing and presentation skills.
- Computer skills – good working knowledge of MS Office, Excel.
- Previously utilized an electronic claim system.
- College degree required.
- J.D. preferred or 10 years of relevant experience in the legal or Insurance profession dealing specifically with civil litigation involving E&O Claims or the technical claims analysis, and resolution of primary and excess claims.
- Ability to Travel
- Ability to negotiate and be persuasive.
- Possess strong communication and leadership skills.
- Ability to simplify, analyse and explain complex issues.
- Ability to review processes and determine opportunities for improvement.
- Ability to work at both an overview and detailed level.
- Ability to manage time, manage projects, meet deadlines, and prioritise.
At Core Specialty, you will receive a competitive salary and opportunities for professional development and advancement. We offer medical, dental, vision, and life insurances; short and long-term disability; a Company-match of 100% of a 6% contribution 401(k) plan; an Employee Assistance Plan; Health Savings Account, Flexible Spending Account, Health Reimbursement Account, and a wellness program