Company Details Berkley Select delivers professional liability insurance solutions to individuals, businesses, professional services firms, and nonprofit organizations. As a Berkley company, Berkley Select is staffed with a team of experts with a specific focus on Professional Liability. Berkley Select utilizes individual risk underwriting, loss control, and claims practices, to provide superior products and services to its customers. Berkley Select is a Berkley Company. W. R. Berkley, founded in 1967, is one of the nation’s premier commercial lines property casualty insurance providers. W. R. Berkley Corporation (NYSE: WRB). Company URL: https://www.berkleyselect.com The company is an equal employment opportunity employer. Responsibilities The Senior Claims Consultant - Private D&O role will be located in our Chicago office, or remote locations for highly qualified candidates. The position is responsible for the handling, oversight and overall direction of complex management and professional liability claims for our private company clients. Specifically, the position will be responsible for direct handling of complex claims involving private company and not-for-profit directors and officers liability (D&O). The Senior Claim Consultant - Private D&O role: • Manages complex investigations of D&O claims, including identifying insurance coverage issues, liability, compensability and damages. • May be involved in coverage litigation against and initiated by the company, if the candidate has this skillset. • Determines if a claim should be settled or litigated and implements an appropriate resolution strategy accordingly. • Effectively manages loss costs and claim expenses. • Manages all types of investigative activity or litigation on claims, including the posting of appropriate reserves in a timely anner. • Coordinates discovery and litigation strategy with panel attorneys, counsel retained by the insured, and/or coverage counsel. • Negotiates complex settlement packages through mediations and alternative dispute resolution mechanisms. • Makes recommendations on claims processes and resolution strategies to management. • Drafts concise and well written large loss reports for reporting to senior management. • Prepares and presents claims to management and other internal business partners and clients. • Works with attorneys, account representatives, agents, and insureds regarding the handling and/or disposition of highly complex claims. Qualifications • Juris Doctor preferred, and Bachelor's degree required. • At least eight years' professional liability claims experience, with a preferred background in D&O claims and/or other professional liability lines or insurance coverage litigation. • Advanced technical and product specific expertise, claims resolution skill and knowledge of insurance claims principles, practices and procedures. • Strong background in fully comprehending complex claim facts and issues, implementing strategies with a proactive long-term view of business goals and objectives and evaluating claims based on a cost benefit analysis. • Creativity in resolving unique and challenging business problems. • Prioritization and organization of multiple projects. • Effectively manage ambiguous situations, issues and adapt to change. • Strong written, communication and presentation skills. • Strong knowledge of state, federal and local laws and regulations, business corporation laws and litigation. • Strong knowledge of insurance coverage laws and principles, including state claim handling regulations and requirements. • Strong skills needed in communications, negotiation and presentation skills. • Advanced analytical and problem-solving skills. • Strong interpersonal and team participation skills. • Technical expertise in the interpretation of complex claims-made and reported policy coverages. #LI-Remote Additional Company Details The position is based in Chicago; in-office four days per week, or remote locations for highly qualified candidates. We do not accept any unsolicited resumes from external recruiting firms. The company offers a competitive compensation plan and robust benefits package for full time regular employees which for this role includes: Base Salary Range: $140,000 - $170,000. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. This role is eligible to participate in the annual discretionary bonus program. Benefits: Health, Dental, Vision, Life, Disability, Wellness, Paid Time Off, 401(k) and Profit-Sharing plans. Additional Requirements Regular and predictable attendance is required. Employees must be able to adhere to a consistent work schedule as determined by management. Maintains punctuality to ensure operational effectiveness and to meet the needs of our clients. Collaborate with team members and participate in scheduled meetings and events. Sponsorship Details Sponsorship not Offered for this Role