Associate Claims Attorney/Claims Attorney-Executive Liability Division
Job Description
Be Here. Be Great. Working for a leader in the insurance industry means opportunity for you. Great American Insurance Group's member companies are subsidiaries of American Financial Group. We combine a "small company" culture where your ideas will be heard with "big company" expertise to help you succeed. With over 30 specialty and property and casualty operations, there are always opportunities here to learn and grow.
At Great American, we value and recognize the benefits derived when people with different backgrounds and experiences work together to achieve business results. Our goal is to create a workplace where all employees feel included, empowered, and enabled to perform at their best.
Our Executive Liability Division underwrites Directors’ and Officers’ Liability Insurance, Employment Practices Liability Insurance, and Fiduciary Liability Insurance for public, private and not for profit companies. The Executive Liability Division is searching for an Associate Claims Attorney or a Claims Attorney depending on background and experience. The person hired for this position will work from the Schaumburg, IL office. Great American’s culture is built on connection, shared learning, and strong relationships. To support this, employees in this role are expected to be on-site four days a week (Tuesday-Thursday required), with the flexibility to work one day remotely, Monday or Friday.
Essential Job Functions and Responsibilities
As a member of our Claims Department, you will be responsible for handling an inventory of claim files. Duties may include:
- Performs detailed analysis of each claim.
- Evaluates coverage and liability, issues written coverage opinions and monitors all aspects of the file while working toward resolution of the claim; including hiring, monitoring and paying defense counsel.
- Develops and implements claim litigation and resolution strategies.
- Provides information to underwriters and reinsurers on specific claims or insureds and legal trends and issues which affect the business.
- Secures and analyzes necessary information (i.e., reports, policies, appraisals, releases, statements, records, or other documents) in the investigation of claims.
- Attends arbitrations or mediations as necessary.
- May affect settlements / reserves within prescribed limits and submit recommendations where applicable.
- Ensures that claims payments are issued in a timely and accurate manner.
- Ensures that claims handling is conducted in compliance with applicable statutes, regulations, and other legal requirements, and that all applicable company procedures and policies are followed.
- May provide technical advice to other functional areas.
- Other duties as assigned.
Job Requirements
- JD (Juris Doctorate) and current attorney license required.
- Generally, 2 to 6 years of related experience.
- Experience in the areas of litigation, insurance coverage, employment practices, or claims adjusting would be a plus.
- Detail oriented, organized and possess strong analytical skills.
Business Unit:
Executive Liability
Salary Range:
Benefits:
We offer competitive benefits packages for full-time and part-time employees*. Full-time employees have access to medical, dental, and vision coverage, wellness plans, parental leave, adoption assistance, and tuition reimbursement. Full-time and eligible part-time employees also enjoy Paid Time Off and paid holidays, a 401(k) plan with company match, an employee stock purchase plan, and commuter benefits.
Compensation varies by role, level, and location and is influenced by skills, experience, and business needs. Your recruiter will provide details about benefits and specific compensation ranges during the hiring process. Learn more at http://www.gaig.com/careers.
*Excludes seasonal employees and interns.