What are the responsibilities and job description for the Team Lead - Claims position at Berkley?
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).
Responsibilities
This position is responsible for the handling, oversight and overall direction of complex management and professional liability claims. The position serves as a bridge between claims professionals and claims leadership. Specifically, this position will support and assist Claims Management by serving as a resource and mentor for claims professionals, assessing performance and adherence to Claim Guidelines.
Additionally, the position will be responsible for direct handling of complex claims involving lawyers professional liability (LPL), employment practice liability (EPL) and private company directors and officers liability (D&O). The position will also directly handle coverage litigation involving policies underwritten by Berkley Select.
The individual should be a technical expert in the interpretation of complex claims-made and reported policy coverages. Individual should have strong writing, communication and presentation skills.
This role will:
- Provide technical guidance and training to staff on the investigation, reserving and adjustment of claims.
- Review claim professionals’ work product and analysis. Serve as a resource for coverage and claim resolution issues.
- Support Claim Management in the achievement of established department goals related to expense management, profit, growth, customer service and client relations
- Manage complex investigations of LPL, EPL and D&O claims, including identifying insurance coverage issues, liability, compensability and damages.
- Make recommendations on claims processes and resolution strategies to management. Drafts concise and well written large loss reports and trial reports for reporting to senior management.
- Manage coverage litigation against and initiated by the company.
- Prepare and present claims to management and other internal business partners.
Qualifications
- Juris Doctor required.
- A minimum of 6 years professional liability claims experience with a strong background in insurance coverage litigation and analysis, LPL claims, EPL claims, D&O claims and/or other professional liability lines.
- 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. Effectively manage ambiguous situations, issues and adapt to change. Strong interpersonal and team participation skills.
- Regular and predictable attendance is required. Employees must be able to adhere to a consistent work schedule as determined by management.
- Maintain punctuality to ensure operational effectiveness and to meet the needs of our clients.
- Collaborate with team members and participate in scheduled meetings and events.
Additional Company Details
We do not accept any unsolicited resumes from external recruiting firms. The company offers a competitive compensation plan and robust benefits package for full time regular employees which for this role includes: Base Salary Range: $140,000 - $160,000. 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 RoleSalary : $140,000 - $160,000