What are the responsibilities and job description for the Sr. Litigation Analyst (E&O) position at Core Specialty Insurance Services, Inc.?
Direct oversight and handling of E&O claims with an emphasis on Lawyers Professional Liability Claims 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. Technical Knowledge and Understanding :
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. Experience :
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. Applicants must be authorized to work for any employer in the U.S.
We are unable to sponsor or take over sponsorship of an employment Visa for this position. #LI-Hybrid #LI-Remote - 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
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