Location: Chicago,IL, USA
This is your opportunity to join AXIS Capital – a trusted global provider of specialty lines insurance and reinsurance. We stand apart for our outstanding client service, intelligent risk taking and superior risk adjusted returns for our shareholders. We also proudly maintain an entrepreneurial, disciplined and ethical corporate culture. As a member of AXIS, you join a team that is among the best in the industry.At AXIS, we believe that we are only as strong as our people. We strive to create an inclusive and welcoming culture where employees of all backgrounds and from all walks of life feel comfortable and empowered to be themselves. This means that we bring our whole selves to work.All qualified applicants will receive consideration for employment without regard to race, color, religion or creed, sex, pregnancy, sexual orientation, gender identity or expression, national origin or ancestry, citizenship, physical or mental disability, age, marital status, civil union status, family or parental status, or any other characteristic protected by law. Accommodation is available upon request for candidates taking part in the selection process.Job DescriptionAXIS is seeking a Claims Specialist - Excess Claims to join our North America Claims team and will report to the Claims Manager. Under limited direction, the candidate should act as highest level individual contributor directly reviewing excess casualty claims to determine nature of loss, coverage provided, and scope of claim and to make recommendation regarding settlement/disposition of claims.The candidate's key duties and responsibilities include, but are not limited to:Reviewing excess casualty claims to determine nature of loss, coverage provided, and scope of claim and to guide strategic direction regardingsettlement/disposition of claimsTimely evaluation, reserving and disposition of assigned claims within best practices claim environment, thoroughly documenting the claim processDeveloping and maintaining relationships with internal and external partners as their lead contact within the claims department for assigned claimsEscalating coverage issues and recommending outside coverage counsel assignments for approval where warrantedManaging costs, including use of counsel and litigation costsFostering relationships and communicating extensively with senior executives, brokers, reinsurers, actuaries, underwriters, insureds, and auditors (both external and internal)Investigating potentially fraudulent claims and taking appropriate actionMaking recommendations for settlement/disposition of claimsIdentifying opportunities for contribution, subrogation and risk transferPreparing required reports to senior managementTravels to mediations or settlement conferences as requiredOther duties as assignedKEY SKILLS & ABILITIES:Minimum of 3 - 5+ years of claims experience (2 - 3 years general liability claims adjusting experience required - Excess Casualty Claim experience a plus), as well as:Bachelor's Degree required. JD a plusExperience handling Automotive, Construction Defect, New York Labor Law, Product Liability and Complex litigation claimsProficient in independently analyzing coverage, identifyingissues and preparing coverage correspondenceProficient in drafting coverage correspondence, experience writing coverage letters and responding to/issuing tendersDemonstrated ability to influence and collaborate at all organizational levels, both internally and externally as well as the ability to identify and resolve complex, disputed claimsAnalytical thinker that can drive results using all facets of the legal and claims processesUnderstanding of and ability to balance both the immediate claim issues as well as the broader portfolio impact and customer service impact of coverage disputes and issuesExcellent oral and written communication skills with the ability to deal effectively with people with conflicting expectations, differing opinions, and multiple viewpointsDemonstrated ability and experience handling casualty claims involving a wide variety of loss scenarios as well as reporting and presenting about same to senior managementIn-depth knowledge of claims, litigation, arbitration, and trial processes as well as excellent analytical, investigative, and negotiating skillsTechnical knowledge, skills, and training within the field to include:Complex coverage analysis and experience requiredGeneral Liability, Auto and Garage keepers Coverage knowledge is requiredConfidence in coverage, evaluation and reservingExcellent writing and editing skillsSolid negotiation and settlement skillsSupervisory perspective, with experience providing direction and authority to adjustersFamiliarity with KPI, Data, and Metrics a plusValid licenses by state as required and add states to certifications as neededTravel is associated with this role ( e.g., team management, court proceedings, mediations, and settlement)