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Claims Specialist - Private Company D&O

Company: Everest National Insurance Company
Location: Liberty Corner
Posted on: June 12, 2021

Job Description:

Title:

Claims Specialist - Private Company D&O

Company:

Everest Insurance Company

Job Category:

Claims

Job Description:

Why join us

Everest is a leading global reinsurance and insurance organization with extensive product and distribution capabilities, a strong balance sheet and an innovative culture. Throughout our history, Everest has maintained its discipline and focus on creating long term value through underwriting excellence and strong risk and capital management.

Our strength is in our people

At Everest, we believe that our future is determined by the actions we take today. Actions that go beyond business strategy and encompass the values important to our employees and the communities in which we operate. Everest's value commitments include: providing an inclusive work environment that offers employees the opportunity to further their development, supporting our communities through the donation of time and financial resources, maintaining our integrity across all aspects of the group, and being an industry innovator to solve global complex risks.

Everest Insurance, a member of Everest Re Group, Ltd., is seeking a Claims Specialist, Private Company D&O to join our team in Liberty Corner, New Jersey. This position will report to the Vice President of Claims.

Duties and responsibilities include, but are not limited to:

  • Reviewing and analyzing complex coverage issues and preparing coverage positions letters
  • Investigating, analyzing and evaluating liability and damages
  • Managing and directing outside counsel ; reviewing & approving legal budgets and fee statements
  • Preparing Large Claim Reports related to matters of significant reserve and trial activity
  • Setting timely and appropriate case reserves
  • Developing and executing negotiation and resolution strategies
  • Monitoring and attending trials, mediations and settlement conferences
  • Engaging with underwriting to support policy construction and drafting, report claim trends, data analysis and risk assessment
  • Communicating effectively and timely with Insureds, brokers, reinsurers and underwriters
  • Attending client meetings and industry functions to support retention and development of client relationships and business

Qualifications:

  • The ideal candidate will have a minimum of 5 years of professional liability claims handling experience along with following:
  • Strong oral and written communication skills
  • Strong analytical and organizational skills
  • Strong negotiation and investigation skills
  • Excellent interpersonal skills
  • Ability to evaluate coverage involving a wide variety of loss scenarios and ability to think strategically.
  • In-depth knowledge of the litigation, arbitration and trial process.
  • Currently holds or can readily obtain all required adjuster licenses
  • Knowledge of insurance industry, claims and the insurance legal and regulatory environment
  • Ability to identify and use relevant data and metrics to best manage claims
  • Collaborative mind-set and willingness to work with people outside immediate reporting hierarchy to improve processes and generate optimal department efficiency
  • Ability to and willingness to present to senior management and other stakeholders
  • Ability to resolve complex disputed claims
  • J.D. / experience practicing law preferred
  • Travel required

Everest is committed to recruiting and retaining the most talented individuals in the industry. We offer a dynamic work environment and a competitive compensation and benefit package which includes a 401k plan, retirement/savings option, tuition reimbursement, medical, dental, vision, life and group legal plans.

Everest is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion or creed, sex (including pregnancy), sexual orientation, gender identity or expression, national origin or ancestry, citizenship, genetics, physical or mental disability, age, marital status, civil union status, family or parental status, veteran status, or any other characteristic protected by law.

All considered applicants must be eligible to work in the U.S. with unexpired, acceptable employment eligibility verification documentation.

Type:

Regular

Time Type:

Full time

Primary Location:

Liberty Corner, NJ

Additional Locations:

As an effective team member, employees at Everest Insurance must champion the Everest Insurance Culture:

  • Collaboration: Open and transparent communication with customers and colleagues
  • Thoughtful Assumption of Risk: Supporting the Everest goal of carefully writing profitable business by ensuring data quality, prompt and accurate feedback to Underwriters, and operational control throughout the enterprise.
  • Execution: Delivering outstanding support to the organization through strong day-to-day business operations, effective project management, and careful oversight of vendors.
  • Humility: Caring and respectful approach to service colleagues, customers, and the community.
  • Leadership: By example, every day.

Everest is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion or creed, sex (including pregnancy), sexual orientation, gender identity or expression, national origin or ancestry, citizenship, genetics, physical or mental disability, age, marital status, civil union status, family or parental status, veteran status, or any other characteristic protected by law. As part of this commitment, Everest will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact Everest Talent Acquisition at 1-908-604-3000.

Keywords: Everest National Insurance Company, Newark , Claims Specialist - Private Company D&O, Other , Liberty Corner, New Jersey

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