Claims Counsel, Financial Lines & Cyber

MSIG Holdings USA, Inc.

$110K — $185K *
Legal & Accounting
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor’s and Juris Doctorate degrees required
  • Minimum of 7 years of experience handling insurance coverage litigation or Financial Lines/Cyber insurance claims
  • Excellent communication and interpersonal skills for customer service
  • Strong negotiation skills
  • Detail-oriented with independently managing case loads
  • Proficiency in Microsoft Office Suite
  • Must be admitted to practice law in a US jurisdiction and in good standing

Responsibilities

  • Proactively manage claims from initial notification through final disposition
  • Conduct thorough investigations to determine coverage, liability, and damages
  • Work closely with insureds, brokers, and vendors throughout the claims process
  • Collaborate on strategies for claim resolution
  • Negotiate direct and mediated settlements
  • Prepare summaries and reports, and make presentations
  • Provide feedback on claims trends to underwriting

Benefits

  • Comprehensive medical, dental, and vision coverage
  • 401(k) with employer match and profit-sharing
  • Wellness incentive program
  • Life and AD&D insurance
  • Flexible spending programs
  • Short-term and long-term disability plans
  • Paid time off, charitable leave, parental leave
  • Tuition reimbursement program
  • Auto/homeowners insurance discounts
Full Job Description

We are seeking an experienced and detail-oriented Financial Lines Claims Counsel & Cyber to join our Financial Lines Claims and Cyber team. The Claims Attorney will be responsible for handling complex matters, including high severity claims and class actions, from inception through resolution for Financial Lines and Cyber products with an emphasis on Directors & Officers (D&O), Financial Institutions Professional Liability (E&O), Pension Trust (Fiduciary), Employment Practices Liability, and Fidelity policies.

The team also handles other Specialty Lines such as Cyber, Political Risk & Trade Credit, Transactional and Tax claims.

You will work closely with internal and external customers and stakeholders, deliver excellent customer service, analyze coverage, draft coverage letters, evaluate liability, make claim presentations, set judgmental reserves, and formulate and execute resolution strategies.

The role can be located in one of the following office locations: NYC, Atlanta, Chicago, Cincinnati, Dallas, Los Angeles, or Warren NJ hybrid work environment (4 days in office).

Key Responsibilities:

  • Proactively manage claims throughout their lifecycle from initial notification through final disposition.
  • Conduct timely and thorough investigations and analyses to determine coverage, liability and damages.
  • Work closely with insureds, brokers, legal counsel, vendors, and other stakeholders throughout the claims process.
  • Collaborate on claim resolution strategies.
  • Negotiate direct and mediated settlements within designated authority limits.
  • Prepare claim summaries and reports and make presentations.
  • Provide feedback on claims and trends to underwriting and stakeholders.
  • Maintain accurate and up-to-date claim files and diary system.

Qualifications:

  • Bachelor’s and Juris Doctorate degrees required
  • Minimum of 7 years of experience handling insurance coverage litigation, Financial Lines or Cyber insurance claims, commercial litigation or other related experience.
  • Excellent communication and interpersonal skills to deliver exceptional customer service and build and maintain customer relationships.
  • Strong negotiation skills.
  • Detail-oriented with an ability to independently manage a caseload and prioritize tasks and deadlines.
  • Proficiency in Microsoft Office Suite (Outlook, Excel, Word, PowerPoint)
  • Ability to travel as needed.

*** Candidate must be admitted to practice law in a US jurisdiction and in good standing

#LI-HYBRID

SALARY: The estimated salary range for this position is $110,000.00 - $185,000.00 per year. This is a good-faith assessment of the salary range for this position only. In determining the actual salary within this range, MSIG USA will consider a candidate’s relevant experience, location, and other job-related factors.

Additional Benefits:  
Healthcare and Retirement Benefits

Comprehensive medical, dental, and vision coverage

401(k) with a generous employer match and profit-sharing contribution

Wellness incentive program

Life and accidental death and dismemberment (AD&D) insurance

Flexible spending programs

Short-term and long-term disability plans

Additional Benefit Programs
Paid time off program

Paid charitable leave

Paid parental leave

Tuition reimbursement program

Personal insurance (auto/homeowners) discounts

It's an exciting time for our company and a great opportunity to join a financially sound and growing global insurance group!  

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