AVP, Financial Lines Claims
$134,200–$195,800 year
On-siteJersey City, New Jersey, United States
Job Summary
Investigate and settle high-exposure claims for directors and officers, transactional risk, and financial institutions liability, ensuring high-quality file management and customer service. Conduct loss fact investigations, analyze coverage and liability positions, and set reserves or recommend adjustments to supervisors. Direct assignments to experts and defense counsel while representing the company in mediations, arbitrations, and trials. Travel 0% to 25% as needed for conferences and legal proceedings. Requires a Bachelor's degree with 10+ years of specialized claim or legal experience, plus applicable state adjuster licensure.
Required Qualifications
- Bachelor's degree
- Ten or more years' experience as a claim professional or attorney with a high degree of specialization and technical competence in the handling of high exposure claims with emphasis on hands-on file and litigation management
- Financial Lines Liability (FL) experience in Directors & Officers, Financial Institutions and Fiduciary liability claims
- Strong background and demonstrated ability in dealing with significant coverage matters, including Additional Insured analyses
- An understanding of the tenants of insurance and legal principles
- Knowledge of Commercial Insurance Financial Lines coverage and services
- Working knowledge of industry best practices and procedures
- An ability to work independently and assimilate learning materials on many different subjects from various sources
- Excellent interpersonal communications and negotiation skills; and an ability to deal with customers and business partners in a professional manner
- Ability to make prompt, intelligent decisions based upon detailed analysis of complex issues
- Demonstrated strong relational skills particularly in adverse or high-pressure situations
- Some travel
- Applicable resident or designated home state adjusters license and possibly additional state licensure
Desired Qualifications
- Master's degree or JD
- A law degree
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