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Robert Half Legal is partnering with an insurance company located in downtown Chicago who is seeking to hire a Claims Paralegal/Account Manager with at least 5+ years of experience to join their in-house team. This specialty insurance company handles complex environmental, asbestos, and other latent type insurance claims. In this position, you will be responsible for coordinating activities involving these claims, including resolution of coverage issues and establishment of adequate reserves. Salary for the role is paying between $85-100K plus a 5% bonus and full benefits including generous PTO while working on a 40-hour work week. This position will start working fully in-office and begin transitioning to a hybrid schedule after 6 months.
Job Responsibility:
Analyzing, investigating, and evaluating new loss notices and claim tenders
Collaborating with policy search teams to find copies of alleged coverage where appropriate
Analyzing and positioning claim under applicable primary, umbrella, and excess coverage swiftly
Coordinating the retention of defense counsel with internal/external stakeholders
Establishing defense strategy with insured, defense counsel, and/or other participating insurance carriers
Managing the case resolution process and actively participating in mediations as needed
Working with the reinsurance department to provide notice of new accounts, updates on existing accounts, and responding to specific reinsurer inquiries
Collaborating with in-house Legal/management to manage declaratory judgment actions, including formation and implementation of resolution strategy, settlement valuation, and obtaining settlement authority
Coordinating timely processing of payments including verifying proper allocation of such payments across appropriate policies
Managing ALAE through strategic handling and bill review/payment processing in coordination with the billing unit
Requirements:
BA/BS degree required
J.D. preferred but not required
5+ years of experience working in a law firm or corporate legal department
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