CNA Financial Corporation

Complex Claims Consulting Director - EPL, Private & NFP D&O

CNA Financial Corporation$97K — $189K *
Brea, CA 92821In-Person
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree required, JD preferred
  • 10 years of relevant experience in Specialty insurance
  • Expert knowledge of policy language and claim practices
  • Proven experience in complex negotiations
  • Ability to interpret Specialty insurance policies and coverage

Responsibilities

  • Manage complex Employment Practices Liability and D&O claims
  • Ensure exceptional customer service and claim quality
  • Verify coverage and manage claims reserves accurately
  • Collaborate with partners to develop resolution strategies
  • Prepare high-profile presentations for senior leadership

Benefits

  • Comprehensive benefits package for employee and family wellbeing
  • Opportunities for professional development and training
  • Support for obtaining necessary insurance licenses
  • Flexible working arrangements available
  • Encouragement for professional designations (e.g., CPCU)
Full Job Description
This individual contributor position works closely with senior level leaders and within the broadest authority limits, to manage the most complex, highest exposure Employment Practices Liability, Private and Not-For-Profit D&O including Community Associations. Responsibilities include the management of all claim resolution activities in accordance with company protocols, while achieving quality and customer service standards. JOB DESCRIPTION: Essential Duties & Responsibilities: Performs a combination of duties in accordance with departmental guidelines: - Manages an inventory of the most complex EPL and Private and Not-For-Profit D&O, which are generally multi-year and have very significant loss exposure, by following company protocols to manage and oversee all aspects of the claim handling, including coverage determinations, investigations, and resolution strategies which may include extensive negotiations and complex litigation management. - Ensures exceptional customer service by driving continuous improvements for all aspects of the claim/account, providing professional and timely claims service, and achieving quality and cycle time standards. - Verifies coverage, sets and manages timely and adequate reserves by reviewing and interpreting policy language and partnering with counsel as needed, estimating potential claim valuation, and following company's claim handling protocols. - Drives the resolution of claims by collaborating with internal and external business partners to develop, own and execute a claim resolution strategy, that includes management of timely and adequate reserves, negotiating complex settlements, partnering with counsel to manage complex litigation and authorizing settlements within scope of authority. - Establishes and manages significant claim budgets by identifying, selecting and actively managing appropriate resources, delivering high quality services, and coordinating all efforts leading to timely resolution of the claim/accounts. - Achieves quality standards by effectively managing each claim to ensure that all company protocols are followed, work is accurate and timely, all files are properly documented and claims are resolved and paid timely. - Prepares and presents high profile, complex information to senior leadership, customers, counsel, and others by effectively identifying high profile matters, coordinating and communicating resolution strategies and sharing relevant current events and case law. - Maintains subject matter expertise and ensures compliance with state/local regulatory requirements by following company guidelines, and staying current on insurance laws, regulations or trends for the specialized line of business. - Mentors, guides, develops and delivers training to less experienced Claim Professionals and may assist with special projects, as needed. May perform additional duties as assigned. Reporting Relationship - Typically Director or above Skills, Knowledge & Abilities - Expert knowledge of Specialty insurance industry, products, policy language, coverage, and claim practices. - Excellent verbal and written communication skills with the ability to develop collaborative working relationships, articulate very complex claim facts, analysis and recommendations in a concise manner to senior management, as well as with external and internal business partners and stakeholders. - Demonstrated analytical and investigative mindset with critical thinking skills and ability to make sound business decisions, and to effectively evaluate and resolve ambiguous, complex and challenging business problems. - Extensive experience in leading complex negotiations, as well as developing and implementing resolution strategies. - Strong work ethic, with demonstrated time management, organizational skills, and an 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, oversee/manage outside counsel, and collaborate with other carriers. - Ability to lead multiple and shifting priorities in a fast-paced and challenging environment. - Knowledge of Microsoft Office Suite and ability to learn business-related software. - Demonstrated ability to value diverse opinions and ideas. Education & Experience: - Bachelor's degree, JD Preferred. - Typically a ten years of relevant or related experience. - 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) #LI-CP1 #LI-Hybrid In certain jurisdictions, CNA is legally required to include a reasonable estimate of the compensation for this role. In District of Columbia,California, Colorado, Connecticut, Illinois,Maryland, Massachusetts, New York and Washington, the national base pay range for this job level is $97,000 to $189,000 annually. Salary determinations are based on various factors, including but not limited to, relevant work experience, skills, certifications and location. 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. For a detailed look at CNA’s benefits, please visit cnabenefits.com.

About CNA Financial Corporation

CNA Financial Corporation provides commercial property and casualty insurance products primarily in the United States. It offers professional liability coverages and risk management services to various professional firms, including architects, real estate agents, and accounting and law firms; directors and officers, employment practices, fiduciary, and fidelity coverages to small and mid-size firms, public and privately held firms, and not-for-profit organizations; and commercial property, general liability, cyber liability, umbrella, and excess liability, as well as various other property and casualty coverages for healthcare institutions, professional services firms, and other specialized industries. The company also provides warranty and service contracts for consumer goods, and extended service contracts for consumer automobiles and recreational vehicles; and accident and health, and group life insurance products. In addition, it offers management and professional liability insurance and risk management services, as well as other specialized property and casualty coverages to various healthcare organizations, including hospitals, physician groups, and nursing homes. The company markets its products through independent agents, brokers, and general underwriters to various customers, including small, medium, and large businesses; insurance companies; associations; and other industry groups. CNA Financial Corporation was founded in 1853 and is headquartered in Chicago, Illinois.
Learn more about CNA Financial Corporation
Size
5,600 employees
Market Cap
$11.2 billion
Industry
Net Income
$690 million
Founded
1973
5 Year Trend
+4.7%
Revenue
$10.8 billion
NASDAQ

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