Cyber Claims Specialist / New York

Title: Cyber Claims Specialist / New York Company: Everest Insurance Company Job Category: Claims Job Description: About Everest: Everest Group, Ltd. (Everest), is a leading global reinsurance and insurance provider, operating for nearly 50 years through subsidiaries in North America, Latin America, the UK & Ireland, Continental Europe and Asia Pacific regions. Throughout our history, Everest has maintained its discipline and focuses on creating long-term value through underwriting excellence and strong risk and capital management. Our strengths include extensive product and distribution capabilities, a strong balance sheet, and an innovative culture. Our most critical asset is our people. We offer dynamic training & professional development to our employees. We also offer generous tuition/continuing education reimbursement programs, mentoring opportunities, flexible work arrangements, and Colleague Resource Groups. About the Role: The Everest Cyber department is rapidly growing and looking to staff a SPECIALIST position to join a dedicated, collaborative rapidly expanding team. This is a unique opportunity to handle claims with a growth mentality but with corporate support. This is also an opportunity to develop experience in every single aspect of the dynamic world of cyber coverage. The SPECIALIST position will intake, investigate, determine coverage, manage and resolve Cyber, Privacy, Media and Tech E&O claims. This position will handle demanding and complex first party Cyber Claims, including Data Breaches, Business Interruption, Contingent Business Interruption, and Extortion claims. The position will also handle third party privacy liability, PCI, Regulatory, Media and Tech E&O claims, resolving claims effectively and efficiently. Everest cyber claim handlers also work in collaboration with management and underwriters to identify exposures, trends and risks. Cyber claim handlers also assist with client and broker policy review and trends. The ideal candidate will be detail orientated, able to multi-task, and self-motivated. A successful candidate will be a thorough and efficient problem solver capable of learning technical and legal issues. This position will require independence and self-motivation to resolve claims within defined authority limits. A successful candidate will also provide responsive, compassionate and excellent customer service. Summary of Responsibilities The responsibilities of this position include the intake and investigation of claims. This position will make coverage determinations, set or request appropriate reserves based on risk exposure. This position will also manage and review budgets, restoration plans and Business Interruption Income Loss Proof of Losses. This position will also review invoices for guideline compliance, update files and maintain calendars. This position will also be needed to assist with emergencies on a rotational on-call schedule. This position will explain policy terms, guide Insureds and maintain regular updates to brokers. This position will address Insured and Broker coverage concerns. This position will also participate in regular claim and client presentations. This position will also closely support cyber underwriters, providing detailed claim descriptions and updates. The position will also identify exposures, trends and risks to underwriting and management as needed. The position will work in conjunction with counsel to guide and resolve litigation. This position will also ensure that all legal, ethical, and organizational mandates are carried out, including any potential OFAC or any other sanctions obligations. The position will also fulfil organization commitments to excellence, service and fairness. Work Experience & Qualifications Relevant experiences: A broad Insurance experience, including understanding of policy language, coverages, ethics and claim practices. Legal experience, including litigation, class action, regulatory, breach response, coverage would also be helpful. Cyber experience or understanding, including computer security, forensics, and network restoration, would also be helpful. Multi-tasking and prioritization skills Persuasive and efficient writing Legal and insurance claim resolution skills, including negotiations Accounting Data analysis Quick learning Collaboration Independence Problem solving MS Office Suite and ability to learn constantly improving programs JD Required (Currently Licensed) #LI-Hybrid #LI-RS1 For CA, NY, NJ or IL: The base salary range for this position is $109,000 - $154,000 annually. The offered rate of compensation will be based on individual education, experience, qualifications and work location. All offers include access to a variety of benefits to employees, including health insurance coverage, an employee wellness program, life and disability insurance, 401k match, retirement savings plan, paid holidays and paid time off (PTO). What if I dont meet every requirement? At Everest we are dedicated to building an inclusive and authentic workplace. So, if you are excited about this role but your past experience doesnt align perfectly with every element in the job description, we still encourage you to apply. You may be just the right candidate for this or other roles. Please let us know if you need any accommodations throughout the application or interview process. Our Culture At Everest, our purpose is to provide the world with protection. We help clients and businesses thrive, fuel global economies, and create sustainable value for our colleagues, shareholders and the communities that we serve. We also pride ourselves on having a unique and inclusive culture which is driven by a unified set of values and behaviors. Click here to learn more about our culture. Our Values are the guiding principles that inform our decisions, actions and behaviors. They are an expression of our culture and an integral part of how we work: Talent. Thoughtful assumption of risk. Execution. Efficiency. Humility. Leadership. Collaboration. Inclusion and Belonging. Our Colleague Behaviors define how we operate and interact with each other no matter our location, level or function: Respect everyone. Pursue better. Lead by example. Own our outcomes. Win together. All colleagues are held accountable to upholding and supporting our values and behaviors across the company. This includes day to day interactions with fellow colleagues, and the global communities we serve. Type: Regular Time Type: Full time Primary Location: New York, NY Additional Locations: Everest is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion or creed, sex (including pregnancy), sexual orientation, gender identity or expression, national origin or ancestry, citizenship, genetics, physical or mental disability, age, marital status, civil union status, family or parental status, veteran status, or any other characteristic protected by law. As part of this commitment, Everest will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact Everest Benefits at everestbenefits@everestglobal.com. Everest U.S. Privacy Notice | Everest (everestglobal.com) Beware of recruitment fraud Please be cautious of phishing scams involving fake Everest job postings and individuals posting as Everest representatives making phony job offers. Always verify the identity of the recruiting professionals you work with. What you should know: At Everest, your privacy, security, and safety are of utmost importance to us. Everest will never ask for payment or any financial information as part of the hiring process. All job-related written communications from our internal recruitment team will come from official email addresses that end in our company domain. EVEREST is a leading international reinsurance and insurance group with an extensive distribution network that spans five continents. With roots dating back to 1973, Everest has developed a global footprint and deep client relationships that are largely unmatched by its peers. The Companys principal business strategies seek to leverage its strengths to optimize returns over the underwriting cycle, thereby creating value for its shareholders and business partners.