IAT Insurance Group
Specialty property and casualty insurance
Management Liability Claims Specialist
+ Performance-based bonus + 401(k) match + Profit sharing
More locations: Naperville, IL, USA | Houston, TX, USA | Birmingham, AL, USA | Virginia Beach, VA, USA | Raleigh, NC, USA | Plano, TX, USA | Newark, NJ, USA | Alpharetta, GA, USA | Norristown, PA, USA | Milwaukee, WI, USA | Kansas City, MO, USA | Omaha, NE, USA | Scottsdale, AZ, USA | Jersey City, NJ, USA | Rolling Meadows, IL, USA | Cheshire, CT, USA | Sarasota, FL, USA | Overland Park, KS, USA
Three days on-site per week required; Thursday and Friday may be worked remotely. Average travel is one day per month.
About the job
- A Bachelor's Degree with at least 5 years of management liability claims experience, including employment practices liability, directors and officers liability, and fiduciary liability coverages, or equivalent experience.
- Equivalent experience is defined as at least 9 years of relevant claims experience, specifically claims involving litigation.
- Experience with coverage analysis and drafting coverage position correspondence.
- Experience handling litigated files and directing defense counsel.
- Claims licensure as required by the respective state or states.
- Willingness to travel, averaging one day per month.
- Authorization to work in the United States without requiring visa sponsorship now or in the future.
- Ability to organize, multitask, and prioritize work.
- Ability to analyze data, use sound judgment to draw conclusions, and make supported decisions.
- Handle management liability claims, including employment practices liability, directors and officers, fiduciary, and crime claims, for private and nonprofit businesses according to claim guidelines.
- Analyze, investigate, negotiate, and resolve claims of all severity levels within the assigned authority limit.
- Select, direct, and manage defense counsel, including approving budgets.
- Develop litigation and file-disposition strategies and attend mediations, settlement conferences, and trials.
- Verify and analyze applicable coverage for reported claims.
- Follow operational policies and procedures, including compliance, regulatory, performance, and customer service standards.
- Prepare reports, including large loss reports, for management that accurately reflect loss development, potential or actual financial exposure, coverage issues, claim strategies, and recovery strategies.
- Establish 24-hour contact and maintain appropriate contact with all stakeholders throughout the life of the claim file.
- Identify and address recovery, contribution, and special investigations unit opportunities.
- Set accurate and timely loss and expense reserves in compliance with claim guidelines.
- Draft correspondence, including coverage letters to stakeholders as required.
- Support business partners on claim- and underwriting-related issues and marketing meetings as needed.
- Maintain resident and nonresident adjuster licenses as required.
- Perform other assigned duties.
- CPCU and other insurance-related studies.
- Excellent coverage analysis skills and experience drafting coverage position correspondence.
- Experience handling litigated files and directing defense counsel.
- Excellent negotiation skills.
- Excellent oral and written communication skills.
- Excellent customer service and interpersonal skills.
About the company
IAT Insurance Group is a privately held specialty property-casualty insurer and surety carrier. It offers products across commercial transportation, excess and surplus lines, inland marine, management liability, aviation, homeowners, reinsurance and surety through selected retail and wholesale agents. Underwriting and claims teams bring sector-specific expertise to complex business and personal risks. The group operates through multiple rated insurance companies and specialized business units, combining long-term private ownership with a broker-centered distribution model.
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