Highest level individual contributor directly responsible for inventory of complex, severity Financial Institutions and Transactional Liability claims. - Excels in a best practices claim environment, thoroughly documenting the claim process. - Responsible for the timely evaluation, reserving and disposition of assigned claims - Documents coverage, investigation, damages, reserve rationale, negotiations, etc. associated with claim. - Experience working with internal and external business partners... more details
This is your opportunity to join AXIS Capital – a trusted global provider of specialty lines insurance and reinsurance. We stand apart for our outstanding client service, intelligent risk taking and superior risk adjusted returns for our shareholders. We also proudly maintain an entrepreneurial, disciplined and ethical corporate culture. As a member of AXIS, you join a team that is among the best in the industry.
At AXIS, we believe that we are only as strong as our people. We strive to create an inclusive and welcoming culture where employees of all backgrounds and from all walks of life feel comfortable and empowered to be themselves. This means that we bring our whole selves to work.
All qualified applicants will receive consideration for employment without regard to race, color, religion or creed, sex, pregnancy, sexual orientation, gender identity or expression, national origin or ancestry, citizenship, physical or mental disability, age, marital status, civil union status, family or parental status, or any other characteristic protected by law. Accommodation is available upon request for candidates taking part in the selection process.
Under limited supervision, acts as highest level individual contributor directly reviewing primary and excess Financial Institutions and Transactional Liability claims to determine nature of loss, coverage provided, and scope of claim and to make recommendations regarding settlement/disposition of claims. Responsible for severity inventory.
***Please note this role can be based in any Axis office locations, including NYC, Short Hills, NJ, Red Bank, NJ; Princeton, NJ; Alpharetta, GA; Chicago, IL***
Hybrid work - 3 days in the office required.
KEY DUTIES & RESPONSIBILITIES:
• Highest level individual contributor directly responsible for inventory of complex, severity Financial Institutions and Transactional Liability claims.
• Excels in a best practices claim environment, thoroughly documenting the claim process.
• Responsible for the timely evaluation, reserving and disposition of assigned claims
• Documents coverage, investigation, damages, reserve rationale, negotiations, etc. associated with claim.
• Experience working with internal and external business partners on severity matters, including presentations to senior leaders within Claims and Underwriting.
• Makes effective recommendations for settlement/disposition of claims; works successfully with senior Claims and Underwriting leadership to assess and resolve severity losses.
• Identifies and appropriately navigates complicated coverage issues including allocation.
• Prepares required reports and authority requests to senior management.
• Travels to mediations or settlement conferences on behalf of Company as needed (approximately 10%).
• Other duties as assigned.
REQUIRED EDUCATION/TRAINING & EXPERIENCE:
• Juris Doctorate or equivalent relevant work experience.
• Typically requires 7 to 10 years of relevant claims handling experience or equivalent private practice experience; legal experience at an insurance defense or coverage law firm a plus.
• Proficient in independently analyzing coverage, identifying issues and preparing coverage correspondence.
• Experience handling Complex Professional Liability claims, including Public Company or Executive Risk claims, Private Company D&O, Private Equity and Bankers Professional Liability products.
• Experience handling Transactional Liability claims not only limited to Representation and Warranty insurance.
• Proficient in drafting coverage correspondence, experience writing coverage letters and handling complicated coverage issues such as allocation.
• Excellent communication skills.
OTHER DESIRED SKILLS & CHARACTERISTICS:
• Proficiency in Microsoft Office suite applications (Outlook, Word, Excel, PowerPoint and OneNote) and Share Point.
• Strong writing and oral communication skills.
• Good negotiation and analytical skills
• Team player
• Adjuster’s license.
For this position, we currently expect to offer a base salary in the range of New York, NY//Red Bank, NJ $110 - $150K; Short Hills, NJ $100 -$140K; Chicago, IL $90 - $130K;, Alpharetta, GA $85 - 120K. ?The specific salary offer will be based on an assessment of a variety of factors including the experience of the successful candidate and their work location. In addition, all employees are eligible for competitive incentive targets, with awards based on overall corporate and individual performance. On top of this, we offer a comprehensive and competitive benefits package which includes medical plans for employees and their families, health and wellness programs, retirement plans, tuition reimbursement, paid vacation, and much more.
