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About the Role
This Senior Claim Counsel position in the Financial Lines Claim team focuses on high severity D&O and E&O claims for Public Companies and Financial Institutions. The role involves independently evaluating liability and coverage, formulating claim resolution strategies, and representing CNA in negotiations.
Responsibilities
- Handles complex, high severity financial lines claims requiring legal analysis of complicated liability, damages and coverage issues.
- Drafts coverage letters, memos and reports.
- Represents CNA in settlement negotiations with independent authority to commit CNA.
- Interacts with multiple parties (e.g., insureds, brokers, counsel, claimants and mediators).
- Directs and manages coverage counsel and coverage litigation against CNA.
- Partners with underwriters, product counsel and actuary to effectively respond to policy wording and/or claim related inquiries.
- Collaborates directly with brokers and customers to address similar issues.
- Meets with brokers and existing or prospective clients as part of business marketing, growth and retention strategies.
- Works with senior claim, underwriting and product leadership to develop and analyze new products and to identify, evaluate and track claim trends and issues.
- Provides technical guidance to and oversight of junior staff members.
- Develops and presents training on key legal and industry issues/trends for the financial lines team (claims, underwriting, product and actuary).
- Represents CNA on panels at industry conferences.
- May perform additional duties as assigned.
Requirements
- Minimum of twelve years of relevant experience.
- Ability to independently evaluate liability and coverage.
- Proactively formulate and execute claim resolution strategies.
- Attend mediations, navigate complex settlement dynamics and drive best possible claim outcomes without the assistance of counsel.
- Collaborate closely with internal business partners on claim trends and issues.
- Excellent leadership, communication and market facing skills.
- Regular mentoring of junior team members including assistance with analyzing and formulating strategies on complex files.
- Senior level advanced knowledge of the theories, principles, practices and procedures of litigation management.
- Highest level of technical and product specific expertise, claims resolution skill and knowledge of insurance and claims principles, practices and procedures.
- Excellent interpersonal skills, verbal and written communication, and negotiation and presentation skills.
- Ability to exercise independent judgment and to work with and maintain confidential and sensitive information.
- Excellent analytical and problem solving skills, and senior level skill in managing ambiguous situations and issues.
- Proven ability to take a proactive long-term view of business goals and objectives in order to achieve strategic business results.
- Knowledge of Microsoft Office Suite and other business-related software.
- Admission to the bar of at least one state.
- Typically a minimum of twelve years of claims and/or legal experience with a proven track record of exceptional claim results.
Skills
- Leadership
- Communication
- Market facing skills
- Litigation management
- Technical expertise
- Product specific expertise
- Claims resolution
- Insurance principles
- Claims principles
- Interpersonal skills
- Verbal communication
- Written communication
- Negotiation
- Presentation skills
- Independent judgment
- Confidential and sensitive information management
- Analytical skills
- Problem solving skills
- Managing ambiguous situations
- Proactive long-term view
- Microsoft Office Suite
Location
- Remote
- Hybrid
Work Type
- Full-time
Experience Level
- Senior level
- Minimum of twelve years of relevant experience
- Typically a minimum of twelve years of claims and/or legal experience
Education Level
- Bachelor's degree with JD
- Admission to the bar of at least one state
Salary/Compensations
- $97,000 to $189,000 annually
Benefits
- Comprehensive and competitive benefits package to help our employees – and their family members – achieve their physical, financial, emotional and social wellbeing goals.
About the Company
- At CNA, we strive to create a culture in which people know they matter and are part of something important, ensuring the abilities of all employees are used to their fullest potential.
- CNA offers a comprehensive and competitive benefits package to help our employees – and their family members – achieve their physical, financial, emotional and social wellbeing goals.
- CNA utilizes AI-enabled technology during the recruiting process.
- At CNA, we are focused on success, individually and collectively.
- We pride ourselves on promoting a culture that challenges and engages people.
- We strive to connect people, departments and business areas, to function as a team, and to serve our customers and communities with professionalism and respect.
- Our dedication to employee engagement, continuous learning and the open exchange of ideas is the cornerstone of our business.
- These ideals, combined with our focus on the customer, enable us to explore new market opportunities and build on our success.
- Our values, culture and financial strength are what differentiates us from other employers and make CNA the place you want to work.
- At CNA, we are committed to advancing a culture of inclusion – one that attracts talent from all walks of life, fosters respect and collaboration, and enables all of our colleagues to do their best work.
- At CNA, we have a long standing commitment to the diverse communities in which we live and work.
- We actively make a difference for the greater good through partnerships, sustainability, initiatives, and working together for a better tomorrow.
- Corporate Social Responsibility is not one person, or one department, it's the entire enterprise coming together to make the world a better place.
Equal Opportunity
- CNA is committed to providing reasonable accommodations to qualified individuals with disabilities in the recruitment process.