Legal Claims Professional - Financial Lines

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Zurich is currently looking for a Legal Claims Professional for our Management Solutions group to work out of one of our US Claims Offices.

If you are ready for a career move, consider working for a company with a global footprint that offers terrific benefits including an incentive plan, 401K match and an additional 401K contribution, flexible work options, work/life balance, summer hours and a great culture.

The Claims Professional will handlemoderate to high complexityclaims under primary and excess policies issued to financial institutions, insurance companies, and investment firms. Policies include Directors and Officers Liability, Professional Errors and Omissions, Insurance Company Professional Liability, and Fiduciary Liability. The ideal candidate will have experience reviewing complaints and other notice documents, performing coverage analysis, determining potential liability and exposure and setting appropriate reserves.

They will resolve claims according to Best Practices and within authority limits.

They will regularly communicate with customers and brokers and may be dedicated to handle claims for specific accounts.

Additional responsibilities include:

• Analyze coverage, liability and damages
• Participate in mediations and negotiating settlements
• Draft reservation of rights and coverage denial letters
• Notify Underwriters of significant claim developments, account performance, etc.
• Draft case summary reports in connection with significant reserve increases
• Monitor and manage activities of defense counseland legal spend

At Zurich North America we acknowledge that work life-balance and flexibility are a priority when it comes to choosing your next career move. Designed with our employees' needs in mind, the ZNA hybrid work model emphasizes flexibility, allowing claims employees to conduct individual work in their preferred location, while facilitating in-person connections and collaborative activities when meaningful and valuable. While the model provides a high level of flexibility and autonomy, some regular in-office attendance is required.

The candidate selected for this opportunity should be able to report into our Manhattan NY, Schaumburg IL, or Parsippany NJ office.

Basic Qualifications:

• Juris Doctor and 5 or more years of experience in the Legal area
  AND
• JD and 5 or more years of legal practice experience in the insurance area
• Must obtain and maintain required adjuster license(s)
• Experience in insurance claims and the insurance legal and regulatory environment

Preferred Qualifications:

• Member of the Bar
• Claims handling experience including Directors and Officers Liability, Insurance Company Professional Liability, Fiduciary Liability, and Errors and Omissions policies
• Analytical skills
• Strong communication skills, oral and written
• Ability to multi-task
• Organization and time management skills
• Ability to prioritize work tasks
• Ability to work independently
• Experience collaborating across work groups
• Insurance designations such as SCLA, CPCU, AIC

Compensation for roles at Zurich varies depending on a wide array of factors including but not limited to the specific office location, role, skill set, and level of experience. As required by local law, Zurich provides in good faith a reasonable range of compensation for roles. For additional information about our Total Rewards,  .Other rewards may include short term incentive bonuses and merit increases.
Candidates with salary expectations outside of the range are encouraged to apply, and will be considered based on experience, skill, and education.The salary provided is a nationwide market range and has not been adjusted for the applicable geographic differential associated with the location where the position may be filled.

The starting salary range for this position is $ - $, with short-term incentive bonus eligibility set at 15%.

As an insurance company, Zurich is subject to 18 U.S. Code § 1033.

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