Insurance and Claims Counsel
Chicago, Illinois, United States of America
Claims
2600TJ
Working at Lockton
At Lockton, we’re passionate about helping our people achieve their ultimate potential. Our people are curious, action-oriented and always striving to make ourselves and those around us better. We’re active listeners working to ensure understanding and problem solvers developing innovative solutions. If you can see yourself delivering excellent service to clients, giving back to our communities and being a part of our caring culture, you belong here.
About the Position
Lockton is a global professional services firm with 6,500 Associates who advise clients on protecting their people, property and reputations. Lockton has grown to become the world's largest privately held, independent insurance broker by helping clients achieve their business objectives. To see the latest insights from Lockton's experts, check Lockton Market Update.
A few of the reasons Associates love working at Lockton include:
- Opportunities for growth and advancement, including paid training and professional development
- 12-week paid parental leave
- A huge emphasis on community involvement
- Frequent athletic and wellness events
- Incredibly generous rewards; US Associates receive a Rolex for their 10 year anniversary!
St. Louis
Business unit
Midwest Series
Salary
$140,000-$250,000
Schedule
Full-time
Lockton Benefits Offerings
Click Here
Workplace
Hybrid
Your Responsibilities
Lockton Insurance and Claims Counsel provide our clients with guidance and advocacy through financial lines claims. Using legal background and expertise, Insurance and Claims Counsel stay abreast of current legal trends and provide consultation and advice to clients, producers and internal teams.
Position responsibilities:
- Responsible for handling large volume of financial lines claims, including D&O, E&O, Fiduciary, Crime, Cyber and Employment Practices. Responsibilities include:
- Guiding clients through the claims process and assistance in accessing carrier resources
- Analyzing coverage and overseeing the timely reporting of claims
- Responding to coverage issues, strategizing, and effectively advocating on behalf of Lockton clients
- Advising and consulting with clients and internal constituents on coverage issues concerning financial lines claims
- Advising and consulting with clients regarding the financial lines claim process and potential insurance solutions
- Review financial lines policies and specific wording for coverage gaps and potential issues, consult with clients and internal constituents regarding the same
- Research current trends in law that pertain to the financial lines space and our clients’ insurance programs
- Draft white papers and other educational presentations concerning financial lines insurance
- Accumulate required continuing educational credits to maintain current insurance and legal license
- Represent Lockton at client meetings and external events
- Prepare written correspondence, analyses, reports and memos as needed
- Make a positive contribution to customer satisfaction and constantly strive to improve service to the customer
- Communicate in a positive manner to contribute to a cohesive, pleasant work environment
- Protect the confidentiality of information learned by performing the duties of the position; reinforce the importance of confidentiality of information to all department associates
- Perform other job-related duties as assigned
Qualifications
- Law Degree required. Bachelor’s degree in a business-related program or equivalent education and/or experience a plus
- 5+ years of experience as an attorney with an insurance company, law firm or other corporation. Experience handling insurance coverage matters or litigation a plus.
- Understanding of the overall business, operations, and commercial insurance needs of clients
- Executive level presence to interface with top management of other businesses, representing Lockton in the highest professional manner
- Strong analytical, communication and presentation skills including preparation and execution
- Consistent proven ability to organize and manage time to meet time-sensitive deadlines
- Proficiency in Microsoft Word, Excel, Outlook, and PowerPoint
- Excellent interpersonal communication skills and ability to interact with clients and associates at all levels of responsibility, building strong internal and external client relationships
- Proven leadership and problem-solving skills, including resolving unusual and complex internal and external issues
- Proven leadership skills with the ability to understand, communicate with, find solutions for, deserve respect from, and motivate others
- Ability to travel by automobile and aircraft and be away from home more than one day and night
- Legally able to work in the United States
Equal Opportunity Statement
Lockton Companies is proud to provide everyone an equal opportunity to grow and advance. We are committed to an inclusive culture and environment where our people, clients and communities are treated with respect and dignity.
At Lockton, supporting diversity, equity and inclusion is ingrained in our values, and we believe that we are at our best when we fully embrace everyone. We strive to cultivate a caring culture that learns from, celebrates and thrives because of our breadth of differences. As such, we recognize that recruiting, developing and retaining people with diverse backgrounds and experiences is vital and enabling our people to thrive personally and professionally is critical to our long-term success.
About Lockton
Lockton is the largest privately held independent insurance brokerage in the world. Since 1966, our independence has allowed us to serve our clients, take care of our people and give back to our communities. As such, our 13,100+ Associates doing business in over 155 countries are empowered to do what’s right every day.
At Lockton, we believe in the power of all people. You belong at Lockton.
How We Will Support You
At Lockton, we empower you to be true to yourself in all that you do. Your success is our success, and we provide opportunities to help you grow and create a rewarding career path, however you envision it.
We are ready to meet you where you are today, and as your needs change over time. In addition to industry-leading health insurance, we offer additional options to support your overall health and wellbeing.
No Agencies Please
Any Employment Agency, person or entity that submits an unsolicited resume to this site does so with the understanding that the applicant's resume will become the property of Lockton Companies, Inc. Lockton Companies will have the right to hire that applicant at its discretion and without any fee owed to the submitting Employment Agency, person or entity. Employment Agencies, who have fee Agreements with Lockton Companies must submit applicants to the designated Lockton Companies Employment Coordinator to be eligible for placement fees.
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