IAT Insurance Group has an immediate opening for a Management Liability Senior Claims Specialist that can be located in any of our IAT locations.
This role works a hybrid schedule that requires working from the office Monday through Wednesday, with the option of working Thursday and Friday remotely.
While we prefer candidates to work from one of our IAT office locations, we are open to considering fully remote arrangements for the ideal candidate.
Responsibilities:
- Responsible for handling Management Liability Claims (EPL, D&O, Fiduciary and Crime) for Private and Non-Profit businesses based on Claim Guidelines
- Within authority limit, thoroughly analyze, investigate, negotiate and resolve all levels of severity claims
- Selects, directs and manages defense counsel including approval of budgets
- Develops litigation/file disposition strategy. Attends mediations, settlement conferences and trials
- Verifies/analyzes applicable coverage for the reported claims
- Follow operational policies and procedures, including compliance, regulatory and performance and customer service standards
- Prepare reports, including Large Loss Reports, to management which accurately reflects loss development, potential/actual financial exposure, coverage issues, claim and recovery strategies
- Establishes 24-hour contact and maintain appropriate contact with all involved stakeholders throughout the life of the claim file
- Identifies and addresses recovery/contribution/SIU opportunities
- Sets accurate/timely loss/expense reserves in compliance with Claim Guidelines.
- Drafts correspondence, including but not limited to, coverage letters to stakeholders as required
- Support business partners on an as needed basis on various claim and underwriting related issues and marketing meetings
- Maintains resident/nonresident adjuster licenses as required
- Performs other duties as assigned
Qualifications:
Must Have:
- Bachelor’s Degree with 8+ years of management liability claims experience (including handling employment liability practices, directors & officers’ liability and fiduciary liability coverages)
- In Lieu of a Bachelor’s Degree with 8+ years of management liability claims, a high school diploma/GED with 12+ years of relevant litigation claims experience will be considered
- Excellent coverage analysis skills with experience in drafting coverage position correspondence
- Experience handling litigated files and direction of defense counsel
- Excellent negotiation skills
- Must be willing to travel, average 1 day a month
- Claims Licensure as required by respective state(s)
- Excellent oral and written communication skills
- Ability to organize, multi-task and prioritize work
- Excellent customer service and interpersonal skills
- Ability to analyze data, utilize sound judgment to draw conclusion and make supported decisions
- To qualify, applicants must be authorized to work in the United States and must not require, now or in the future, VISA sponsorship for employment purposes
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. We maintain a drug-free workplace and participate in E-Verify.
Compensation:
Please note, that the annual gross salary range associated with this posting is $60,600 – $120,000. Actual salaries will vary based on factors such as a candidate's qualifications, skills, competencies, and geographical location related to this specific role. The total compensation will include a base salary, performance-based bonus opportunities, 401(K) match, profit-sharing opportunities, and more.
To view details of our full benefits, please visit https://www.iatinsurancegroup.com/careers/benefits
IAT Insurance Group is the largest private, family-owned property and casualty insurer in the U.S. Insurance Answers Together® is how we define IAT, in letter and in spirit. We work together to provide solutions for people and businesses. We collaborate internally and with our partners to provide the best possible insurance and surety options for our customers.
At IAT, we’re committed to driving and building an open and supportive culture for all. Our employees propel IAT forward – driving innovation, stable partnerships and growth. That’s why we continue to build an engaging workplace culture to attract and retain the best talent.
We offer comprehensive benefits like:
- 26 PTO Days (Entry Level) + 12 Company Holidays = 38 Paid Days Off
- 7% 401(k) Company Match and additional Profit Sharing
- Hybrid work environment
- Numerous training and development opportunities to assist you in furthering your career
- Healthcare and Wellness Programs
- Opportunity to earn performance-based bonuses
- College Loan Assistance Support Plan
- Educational Assistance Program
- Mentorship Program
- Dress for Your Day Policy
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. We maintain a drug-free workplace and participate in E-Verify.
Skills Required
- Bachelor's degree with 8+ years of management liability claims experience (EPL, D&O, fiduciary, crime) OR high school diploma/GED with 12+ years relevant litigation claims experience.
- Excellent coverage analysis skills with experience drafting coverage position correspondence.
- Experience handling litigated files and directing defense counsel, including approving budgets and developing litigation strategy.
- Excellent negotiation skills.
- Willingness to travel (average 1 day per month).
- Claims licensure (resident/nonresident adjuster licenses) as required by state(s).
- Excellent oral and written communication skills.
- Ability to organize, multi-task, prioritize work, and provide excellent customer service and interpersonal skills.
- Ability to analyze data, use sound judgment, and make supported decisions.
- Authorized to work in the United States and must not require, now or in the future, visa sponsorship for employment.
What We Do
IAT Insurance Group (IAT) is a specialty insurance company headquartered in Raleigh, North Carolina, providing a wide range of property and casualty insurance products and surety bonds to meet the needs of individuals and businesses. IAT consists of eight operating divisions, each sharing the same quality standards, commitment to service and innovation, and an overall mission of excellence. As an organization, we leverage our experienced leadership, sound analytics, proven operating platforms and extensive risk capabilities across the entire enterprise to deliver specialized, sustainable solutions for our customers. With 30+ office locations, IAT has a large footprint throughout the United States. As a privately owned organization, consisting of more than 900 employees, we are able to act strategically within an ever-changing marketplace. We are large enough to make a difference in the industry but small enough to be agile and nimble. Our focus includes meeting customer needs and fostering an exceptional agent and broker network to serve clients. We strive to provide an environment where our employees feel empowered, challenged and valued. Not only does IAT Insurance provide a dynamic workplace, we also provide competitive total compensation packages and great benefits, including but not limited to medical, dental, and vision insurance, a generous time off policy, company provided life and disability insurance, a lucrative 401k company match and incentive plans.
