Legal Claims Professional - Financial Lines

Zurich is currently looking for a Legal Claims Professional for our Management Solutions group to work out of one of our US Claims Offices.

If you are ready for a career move, consider working for a company with a global footprint that offers terrific benefits including an incentive plan, 401K match and an additional 401K contribution, flexible work options, work/life balance, summer hours and a great culture.

The Claims Professional will handle moderate to high complexity claims under primary and excess policies issued to financial institutions, insurance companies, and investment firms. Policies include Directors and Officers Liability, Professional Errors and Omissions, Insurance Company Professional Liability, and Fiduciary Liability. The ideal candidate will have experience reviewing complaints and other notice documents, performing coverage analysis, determining potential liability and exposure and setting appropriate reserves. They will resolve claims according to Best Practices and within authority limits. They will regularly communicate with customers and brokers and may be dedicated to handle claims for specific accounts.

Additional responsibilities include:

• Analyze coverage, liability and damages
• Participate in mediations and negotiating settlements
• Draft reservation of rights and coverage denial letters
• Notify Underwriters of significant claim developments, account performance, etc.
• Draft case summary reports in connection with significant reserve increases
• Monitor and manage activities of defense counsel and legal spend
  
  

At Zurich North America we acknowledge that work life-balance and flexibility are a priority when it comes to choosing your next career move. Designed with our employees' needs in mind, the ZNA hybrid work model emphasizes flexibility, allowing claims employees to conduct individual work in their preferred location, while facilitating in-person connections and collaborative activities when meaningful and valuable. While the model provides a high level of flexibility and autonomy, some regular in-office attendance is required. The candidate selected for this opportunity should be able to report into our Manhattan NY, Schaumburg IL, or Parsippany NJ office.

Basic Qualifications:

• Juris Doctor and 5 or more years of experience in the Legal area AND
• JD and 5 or more years of legal practice experience in the insurance area
• Must obtain and maintain required adjuster license(s)
• Experience in insurance claims and the insurance legal and regulatory environment
• Negotiation experience
• Customer service experience
• Microsoft Office experience
  
  

Preferred Qualifications:

• Member of the Bar
• Claims handling experience including Directors and Officers Liability, Insurance Company Professional Liability, Fiduciary Liability, and Errors and Omissions policies
• Analytical skills
• Strong communication skills, oral and written
• Ability to multi-task
• Organization and time management skills
• Ability to prioritize work tasks
• Ability to work independently
• Experience collaborating across work groups
• Insurance designations such as SCLA, CPCU, AIC
  
  

Compensation for roles at Zurich varies depending on a wide array of factors including but not limited to the specific office location, role, skill set, and level of experience. As required by local law, Zurich provides in good faith a reasonable range of compensation for roles. For additional information about our Total Rewards, click here. Other rewards may include short term incentive bonuses and merit increases. Candidates with salary expectations outside of the range are encouraged to apply, and will be considered based on experience, skill, and education. The salary provided is a nationwide market range and has not been adjusted for the applicable geographic differential associated with the location where the position may be filled. The starting salary range for this position is $130,000.00 - $182,000.00, with short-term incentive bonus eligibility set at 15%.

As an insurance company, Zurich is subject to 18 U.S. Code

• 1033.
  
  

A future with Zurich. What can go right when you apply at Zurich?

Now is the time to move forward and make a difference. At Zurich, we want you to share your unique perspectives, experiences and ideas so we can grow and drive sustainable change together. As part of a leading global organization, Zurich North America has over 150 years of experience managing risk and supporting resilience. Today, Zurich North America is a leading provider of commercial property-casualty insurance solutions and a wide range of risk management products and services for businesses and individuals. We serve more than 25 industries, from agriculture to technology, and we insure 90% of the Fortune 500®. Our growth strategy is not limited to our business. As an employer, we strive to provide ongoing career development opportunities, and we foster an environment where voices are diverse, behaviors are inclusive, actions drive equity, and our people feel a sense of belonging. Be a part of the next evolution of the insurance industry. Join us in building a brighter future for our colleagues, our customers and the communities we serve. Zurich maintains a comprehensive employee benefits package for employees as well as eligible dependents and competitive compensation. Please click here to learn more.

Zurich in North America is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race/ethnicity, color, religion, sex, sexual orientation, gender identity, national origin, disability, or protected veteran status.

Zurich does not accept unsolicited resumes from search firms or employment agencies. Any unsolicited resume will become the property of Zurich American Insurance. If you are a preferred vendor, please use our Recruiting Agency Portal for resume submission.

Location(s): AM - New York, AM - Schaumburg, AM - Parsippany

Remote Working: Hybrid

Schedule: Full Time

Employment Sponsorship Offered: No

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