Claims Director Position Available In Somerset, New Jersey

Claims Director at Everest Global Services, Inc.
Claims Director at Everest Global Services, Inc. in Warren, New Jersey
Posted in Other 15 days ago.
$125,000.00 – $190,000.00 per year

Job Description:

Title:

Claims Director

Company:

Everest Insurance Company

Job Category:

Claims

Job Description:

Everest Group, Ltd. (Everest), is a leading global reinsurance and insurance provider, operating for nearly 50 years through subsidiaries in North America, Latin America, the UK & Ireland, Continental Europe and Asia Pacific regions. Throughout our history, Everest has maintained its discipline and focuses on creating long-term value through underwriting excellence and strong risk and capital management. Our strengths include extensive product and distribution capabilities, a strong balance sheet, and an innovative culture. Our most critical asset is our people. We offer dynamic training & professional development to our employees. We also offer generous tuition/continuing education reimbursement programs, mentoring opportunities, flexible work arrangements, and Colleague Resource Groups.

Job Description:

Everest Insurance, a member of Everest Re Group, Ltd., has an opportunity for an experienced claims professional to join our Claims team as a Claims Director. The ideal candidate should possess the ability to handleplex Primary and Excess Management and Professional Liability claims with respect to Financial Lines, Transactional Liability (Reps & Warranties) and/or Private Equity insurance policies.
More particularly, the ideal candidate will be able to analyze insurance coverage issues and resolve claims according to certain Best Practices and within stated authority limits relative to the Financial Lines, Transactional Liability and/or Private Equity segments.
The ideal candidate should possess the ability to handleplex financial lines claims. More particularly certain Best Practices and within stated authority limits.
Responsibilities include but not limited to:
Reviewing and analyzingplex coverage issues and preparing coverage positions letters.
Investigating, analyzing, and evaluating liability and damages.
Managing and directing outside counsel; reviewing & approving legal budgets and fee statements.
Preparing Large Claim Reports related to matters of significant reserve and trial activity.
Timely and appropriately setting case reserves.
Developing and executing negotiation and resolution strategies.
Monitoring and attending trials, mediations and settlement conferences.
Engaging with underwriting supporting policy construction and drafting, reporting claim trends, data analysis and risk assessment.
Extensivemunications with insureds, brokers, reinsurers and other business contacts.
Attending client meetings and industry functions to support retention and development of client relationships and business.

Qualifications, Education & Experience:

The ideal candidate will have a minimum of 3 years of private equity and transactional liability claims experience along with following:
Strong oral and writtenmunication skills.
Strong analytical and organizational skills; Strong negotiation and investigation skills.
Excellent interpersonal skills.
Ability to evaluate coverage involving a wide variety of loss scenarios and ability to think strategically.
In-depth knowledge of the litigation, arbitration, and trial process.
Currently holds or can readily obtain all required adjuster licenses..
Knowledge of insurance industry, claims and the insurance legal and regulatory environment.
Ability to identify and use relevant data and metrics to best manage claims; Collaborative mind-set and willingness to work with people outside immediate reporting hierarchy to improve processes and generate optimal department efficiency.
Ability to and willingness to present to senior management and other stakeholders.
Ability to resolveplex disputed claims; J.D. (currently licensed) / experience practicing law preferred.
Travel required.
What if I don’t meet every requirement? At Everest we are dedicated to building an inclusive and authentic workplace. So, if you are excited about this role but your past experience doesn’t align perfectly with every element in the job description, we still encourage you to apply. You may be just the right candidate for this or other roles. Please let us know if you need any amodations throughout the application or interview process.
Our Culture
At Everest, our purpose is to provide the world with protection. We help clients and businesses thrive, fuel global economies, and create sustainable value for our colleagues, shareholders and themunities that we serve. We also pride ourselves on having a unique and inclusive culture which is driven by a unified set of values and behaviors. Click here to learn more about our culture.
Our Values are the guiding principles that inform our decisions, actions and behaviors. They are an expression of our culture and an integral part of how we work: Talent. Thoughtful assumption of risk. Execution. Efficiency. Humility. Leadership. Collaboration. Inclusion and Belonging.
Our Colleague Behaviors define how we operate and interact with each other no matter our location, level or function: Respect everyone. Pursue better. Lead by example. Own our oues. Win together.
All colleagues are held accountable to upholding and supporting our values and behaviors across thepany. This includes day to day interactions with fellow colleagues, and the globalmunities we serve.

For NY and NJ Only:

The base salary range for this position is $125,000 – $190,000 annually. The offered rate ofpensation will be based on individual education, experience, qualifications and work location.