Claims Consultant LPL

Job Title

This role will be based in our Chicago office, or other locations for highly qualified candidates, and will be responsible for the handling, oversight and overall management of professional liability claims, with a focus on lawyer and accountant liability.

Individual should be a technical expert in the interpretation of complex or unusual claims-made and reported policy coverages. Under limited management direction, will analyze, coordinate and resolve claims within assigned limits of broad authority. Individual should have strong writing skills.

Responsibilities include :

• Manages complex investigations of professional liability claims including identifying insurance coverage issues, liability, compensability and damages.
• Manages all types of investigative activity or litigation on claims, including the posting of appropriate reserves in a timely manner. Coordinates discovery and litigation strategy with panel attorneys and / or counsel retained by the insured.
• Negotiates complex settlement packages through mediations and alternative dispute resolution mechanisms.
• Makes recommendations on claims processes and resolution strategies to management. Drafts concise and well written large loss reports for reporting to senior management.
• Prepares and presents claims to management and other internal business partners and clients.
• Strong knowledge of lawyer, accountant malpractice and the process of litigation.
• Works with attorneys, account representatives, agents, and insureds regarding the handling and / or disposition of highly complex claims.
• Regular and predictable attendance required.

Qualifications include :

Additional company details include :

The position is based in Chicago; in-office four days per week. 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 : $100,000 - $150,000. 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 not Offered for this Role