Full Job Description
This position is not eligible for employment visa sponsorship. Applicants must be authorized to work in the United States without the need for current or future sponsorship.
Our Executive Liability Division underwrites Directors’ and Officers’ Liability Insurance, Employment Practices Liability Insurance, and Fiduciary Liability Insurance for public, private and not for profit companies. The Executive Liability Division is searching for an Associate Claims Attorney or a Claims Attorney depending on background and experience. The person hired for this position will work from the Schaumburg, IL or Chicago, IL office. Great American’s culture is built on connection, shared learning, and strong relationships. To support this, employees in this role are expected to be on-site four days a week (Tuesday-Thursday required), with the flexibility to work one day remotely, Monday or Friday.
Essential Job Functions and Responsibilities
As a member of our Claims Department, you will be responsible for handling an inventory of claim files. Duties may include:
32Performs detailed analysis of each claim.
32Evaluates coverage and liability, issues written coverage opinions and monitors all aspects of the file while working towardresolution of the claim; including hiring, monitoring and paying defense counsel.
32Develops and implements claim litigation and resolution strategies.
32Provides information to underwriters and reinsurers on specific claims or insureds and legal trends and issues which affect the business.
32Secures and analyzes necessary information (i.e., reports, policies, appraisals, releases, statements, records, or other documents) in the investigation of claims.
32Attends arbitrations or mediations as necessary.
32May affect settlements / reserves within prescribed limits and submit recommendations where applicable.
32Ensures that claims payments are issued in a timely and accurate manner.
32Ensures that claims handling is conducted in compliance with applicable statutes, regulations, and other legal requirements, and that all applicable company procedures and policies are followed.
32May provide technical advice to other functional areas.
32Other duties as assigned.
Job Requirements
32JD (Juris Doctorate) and current attorney license required.
32Generally, 2 to 6 years of related experience.
32Experience in the areas of litigation, insurance coverage, employment practices, or claims adjusting would be a plus.
32Detail oriented, organized and possess strong analytical skills.
Business Unit:
Executive Liability
Salary Range:
$90,000.00 -$115,000.00
Benefits:
We offer competitive benefits packages for full-time and part-time employees*. Full-time employees have access to medical, dental, and vision coverage, wellness plans, parental leave, adoption assistance, and tuition reimbursement. Full-time and eligible part-time employees also enjoy Paid Time Off and paid holidays, a 401(k) plan with company match, an employee stock purchase plan, and commuter benefits.
Compensation varies by role, level, and location and is influenced by skills, experience, and business needs. Your recruiter will provide details about benefits and specific compensation ranges during the hiring process. Learn more at http://www.gaig.com/careers.
*Excludes seasonal employees and interns.
