Commercial Casualty Claims Counsel
We are seeking a Commercial Casualty Claims Counsel for our New York City or Garden City, NY office.
This position will focus on the claims management of primary and excess General Liability files impacting Construction-related insureds, which include New York Labor Law claims, bodily injury, property damage and construction defect cases. The candidate must possess strong technical knowledge, legal insight, accuracy, responsiveness and display a high degree of customer service. We seek a claims professional with strong skill sets in communication, time management, problem solving, claim evaluation, and being a team player.
Duties and Responsibilities :
- Direct handling and management of primary and excess General Liability claims for Construction-related insureds such as New York Labor Law, Construction Defect, Bodily Injury, and Property Damage
- Provide coverage and analytical analysis of potential exposures
- Communicate appropriate responses to management and underwriters on new losses
- Manage counsel where assigned; develop and execute strategy to control expenses and resolve litigated claims
- Establish appropriate reserves
- Provide written assessments on loss trends and high exposure cases
- Analyze loss and expense trends on a portfolio of claims and assist in the development and implementation of plans to improve results
- Ensure that all claim information is reviewed and accurately and timely recorded
- Proactively manage correspondence and claim files and maintain a current diary in compliance with company standards
- Effectively represent the company’s interests in meetings and negotiations
- Support underwriters and actuaries during the renewal process
- Consult on policy and endorsement drafting where necessary
- Maintain a high level of claim and industry related expertise in order to assure technical competency and communicate to team members regarding significant issues and relevant changes
Required Skills & Qualifications:
- BA/BS degree required
- Juris Doctorate is preferred, but not required
- Insurance related professional designations/education such as CPCU, IIA & SCLA a plus
- 5-7 years in an insurance technical claims position or at a law firm with an emphasis on managing Construction-related files
- Excellent writing, presentation and communication skills
- Ability to assess coverage and tender opportunities; oversee and evaluate claim files for best outcomes; pursue and assess underlying policy limit/SIR’s for reserving; audit underlying claim files; and resolve claims
- Ability to establish close working relationship with the underwriting team through open communication and assist with aspects of marketing
- Demonstrated ability to manage multiple projects to successful completion
- Strong ability to prioritize and work independently; self- starter and a team player
- Strong computer skills (MS Word, Excel, Outlook and various in-house claims systems –Guidewire, Genius, ImageRight is a plus)
Salary Range: $100,000 - $175,000 Actual compensation for this role will depend on several factors including the cost of living associated with your work location, your qualifications, skills, competencies, and relevant experience.
At Sompo International, we recognize that the talent, skills, and commitment of our employees drive our success. This is why we offer competitive, high-quality compensation and benefit programs to eligible employees.
Our compensation program is built on a foundation that promotes a pay-for-performance culture, resulting in higher incentive awards, on average, when the Company does well and lower incentive awards when the Company underperforms. The total compensation opportunity for all regular, full-time employees is a combination of base salary and incentives that gets adjusted upfront based on overall Company performance with final awards based on individual performance. We continuously evaluate and update our benefit programs to ensure that our plans remain competitive and meet the needs of our employees and their dependents.
Below is a summary of our current comprehensive U.S. benefit programs:
- Two medical plans to choose from, including a Traditional PPO & a Consumer Driven Health Plan with a Health Savings account providing a competitive employer contribution.
- Pharmacy benefits with mail order options
- Dental benefits including orthodontia benefits for adults and children.
- Vision benefits
- Health Care & Dependent Care Flexible Spending Accounts
- Company-paid Life & AD&D benefits, including the option to purchase Supplemental life coverage for employee, spouse & children
- Company-paid Disability benefits with very competitive salary continuation payments
- 401(k) Retirement Savings Plan with competitive employer contributions
- Competitive paid-time-off programs, including company-paid holidays
- Competitive Parental Leave Benefits & Adoption Assistance program
- Employee Assistance Program
- Tax-Free Commuter Benefit
- Tuition Reimbursement & Professional Qualification benefits
- Sompo International offers a competitive compensation and benefits package
Sompo International is an equal opportunity employer committed to a diverse workforce. M/F/D/V
Visit our website at www.sompo-intl.com
