About the Role
This individual contributor position manages complex claims, including Employment Practices Liability and Directors & Officers (D&O) insurance, with significant loss exposure. The role involves managing all claim resolution activities in accordance with company protocols while achieving quality and customer service standards.
Responsibilities
- Manages an inventory of complex EPL and Private and Not-For-Profit D&O claims, overseeing all aspects of claim handling, including coverage determinations, investigations, and resolution strategies.
- Ensures exceptional customer service by driving continuous improvements and achieving quality and cycle time standards.
- Verifies coverage, sets and manages timely and adequate reserves by reviewing policy language and estimating potential claim valuation.
- Drives claim resolution by collaborating with internal and external partners to develop and execute a claim resolution strategy.
- Establishes and manages claim budgets by identifying, selecting, and managing appropriate resources.
- Achieves quality standards by ensuring company protocols are followed, work is accurate and timely, and claims are resolved and paid promptly.
- Prepares and presents complex information to senior leadership, customers, counsel, and others.
- Maintains subject matter expertise and ensures compliance with state/local regulatory requirements.
- Mentors, guides, develops, and delivers training to less experienced Claim Professionals.
- May perform additional duties as assigned.
Requirements
- Must have or be able to obtain and maintain an Insurance Adjuster License within 90 days of hire, where applicable.
- Advanced negotiation experience.
- Professional designations are highly encouraged (e.g. CPCU).
Skills
- Expert knowledge of Specialty insurance industry, products, policy language, coverage, and claim practices.
- Excellent verbal and written communication skills.
- Ability to develop collaborative working relationships.
- Ability to articulate very complex claim facts, analysis and recommendations concisely.
- Demonstrated analytical and investigative mindset with critical thinking skills.
- Ability to make sound business decisions.
- Ability to effectively evaluate and resolve ambiguous, complex and challenging business problems.
- Extensive experience in leading complex negotiations.
- Extensive experience in developing and implementing resolution strategies.
- Strong work ethic.
- Demonstrated time management skills.
- Demonstrated organizational skills.
- Ability to work independently in a fast-paced environment.
- Ability to drive results by taking a proactive long-term view of business goals and objectives.
- Extensive experience interpreting Specialty insurance policies and coverage.
- Ability to partner with internal resources.
- Ability to oversee/manage outside counsel.
- Ability to collaborate with other carriers.
- Ability to lead multiple and shifting priorities in a fast-paced and challenging environment.
- Knowledge of Microsoft Office Suite.
- Ability to learn business-related software.
- Demonstrated ability to value diverse opinions and ideas.
Location
- District of Columbia
- California
- Colorado
- Connecticut
- Illinois
- Maryland
- Massachusetts
- New York
- Washington
Work Type
- Hybrid
Experience Level
- Typically a ten years of relevant or related experience.
Education Level
- Bachelor's degree
- JD Preferred
Salary/Compensations
- $97,000 to $189,000 annually
Benefits
- 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.
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 utilizes AI-enabled technology during the recruiting process.
- CNA is committed to providing reasonable accommodations to qualified individuals with disabilities in the recruitment process.
Equal Opportunity
- To request an accommodation, please contact leaveadministration@cna.com
