Westfield Specialty Logo

Westfield Specialty

Senior Claims Specialist

Posted One Month Ago
Be an Early Applicant
Hybrid
Chicago, IL, USA
Senior level
Hybrid
Chicago, IL, USA
Senior level
Handle and oversee commercial and financial lines insurance claims, including D&O, E&O, EPL, fiduciary, and crime claims. Investigate coverage, evaluate exposure, set reserves, negotiate resolutions, manage litigation and outside counsel, and participate in mediations. Prepare reports for management, underwriting, actuaries, and reinsurers; ensure regulatory compliance; analyze claim trends; support policy development; and work with insureds, brokers, vendors, and business partners.
The summary above was generated by AI

Duties and Responsibilities:

 

  • Directly handle, manage and/or oversee commercial and financial lines Public and Private D&O, Financial Institutions E&O, EPL, Fiduciary and Crime/Fidelity claims.

  • Handle claims in accordance with Claim Handling Best Practices in all phases of the claim including through initial contact, investigation of the claim, evaluation the claim for coverage and reserving for exposure, and in the resolution and documentation of claims.

  • Provide top-notch customer service through all interactions and communications including with internal and external customers and business partners.

  • Review and evaluation of policies to determine coverage.

  • Resolve coverage-related matters working collaboratively with outside counsel when necessary.

  • Complete written reports and present claims to management, underwriting, actuary and reinsurers on claim developments as needed.

  • Adhere to all statutory regulations and Unfair Claims Practices Acts.

  • Consistently communicate claim developments, exposure analyses and requests for authority to claims management.

  • Participate in mediations, settlement conferences and otherwise see claims through to resolution.

  • Work closely with underwriting and other business partners to review, analyze, and communicate claim trends and help develop policy language.

  • Along with underwriting, attend current and prospective meetings with insureds and brokers.

  • Work with and manage outside vendors, including outside attorneys to manage budgets and oversee litigation.

 

Qualifications:

 

  • Minimum of 6 to 10 years’ experience at either a specialty insurance carrier and/or law firm.

  • Significant public/private D&O, E&O or EPL experience. Experience with program claims and working with MGU and MGA platforms in a claim capacity.

  • Bachelor’s degree and Juris Doctor from an accredited law school required.

  • Candidates will be required to obtain and maintain insurance adjuster licenses.

  • Excellent written communication skills.

  • Excellent verbal and interpersonal communication skills, resulting in the ability to interact with all levels of management and employee population.

  • Strong analytic, investigative, listening and negotiation skills.

  • Experience multi-tasking, prioritizing work and working effectively in a team environment, while maintaining attention to detail.

  • Experience working in a fast-paced environment, completing work with limited supervision.

  • Experience with Microsoft Windows, Outlook, and Excel or transferable software packages.

  • Ability and willingness to travel as needed.

  • Ability to be onsite in office 4 days a week as per corporate policy

 

This job description describes the general nature and level of work performed in this role. It is not intended to be an exhaustive list of all duties, skills, responsibilities, knowledge, etc. These may be subject to change and additional functions may be assigned as needed by management.

 

Westfield Specialty is proud to be an Equal Employment Opportunity employer. We celebrate diversity and do not discriminate based on race, religion, color, national origin, gender, sexual orientation, age, veteran status, disability status, or any other applicable characteristics protected by law.

  •  

Similar Jobs

Yesterday
Remote or Hybrid
Warrenville, IL, USA
75K-157K Annually
Senior level
75K-157K Annually
Senior level
Artificial Intelligence • Fintech • Insurance • Marketing Tech • Software • Analytics
Manage complex and catastrophic auto and homeowners casualty claims from investigation through resolution. Evaluate coverage, liability, damages, reserves, settlements, fraud indicators, and subrogation opportunities. Collaborate with counsel through litigation, mediations, arbitrations, and trials; prepare reports, oversee legal billing, communicate with stakeholders, and ensure regulatory and financial compliance. Mentor colleagues, support leadership, and participate in special projects.
Yesterday
Remote or Hybrid
Hoffman Estates, IL, USA
83K-154K Annually
Senior level
83K-154K Annually
Senior level
Artificial Intelligence • Fintech • Insurance • Marketing Tech • Software • Analytics
Manages complex environmental, pollution, toxic tort, and mass litigation claims from investigation through resolution. Responsibilities include coverage analysis, liability assessment, reserving, settlement negotiation, payment authorization, litigation strategy, defense counsel and consultant oversight, and collaboration with legal, underwriting, reinsurance, brokers, and policyholders. The role also mentors colleagues, tracks legal developments, protects claim data, and serves as a subject matter expert on environmental coverage.
2 Days Ago
Remote or Hybrid
Hoffman Estates, IL, USA
83K-154K Annually
Senior level
83K-154K Annually
Senior level
Artificial Intelligence • Fintech • Insurance • Marketing Tech • Software • Analytics
Manage complex environmental, pollution, toxic tort, and mass litigation claims from investigation through resolution. Determine coverage, assess liability, set reserves, negotiate settlements, authorize payments, and manage litigation strategy. Oversee defense counsel and consultants, collaborate with legal, underwriting, reinsurance, brokers, and policyholders, monitor relevant legal developments, protect confidential claim data, mentor colleagues, and advise on claims policies and procedures.

What you need to know about the Chicago Tech Scene

With vibrant neighborhoods, great food and more affordable housing than either coast, Chicago might be the most liveable major tech hub. It is the birthplace of modern commodities and futures trading, a national hub for logistics and commerce, and home to the American Medical Association and the American Bar Association. This diverse blend of industry influences has helped Chicago emerge as a major player in verticals like fintech, biotechnology, legal tech, e-commerce and logistics technology. It’s also a major hiring center for tech companies on both coasts.

Key Facts About Chicago Tech

  • Number of Tech Workers: 245,800; 5.2% of overall workforce (2024 CompTIA survey)
  • Major Tech Employers: McDonald’s, John Deere, Boeing, Morningstar
  • Key Industries: Artificial intelligence, biotechnology, fintech, software, logistics technology
  • Funding Landscape: $2.5 billion in venture capital funding in 2024 (Pitchbook)
  • Notable Investors: Pritzker Group Venture Capital, Arch Venture Partners, MATH Venture Partners, Jump Capital, Hyde Park Venture Partners
  • Research Centers and Universities: Northwestern University, University of Chicago, University of Illinois Urbana-Champaign, Illinois Institute of Technology, Argonne National Laboratory, Fermi National Accelerator Laboratory

Sign up now Access later

Create Free Account

Please log in or sign up to report this job.

Create Free Account