Claims Litigation Specialist VM Specialist

Location
Chicago , United States

Your job

We are adding to our diverse team of experts and are looking to hire those who are committed to building a culture that enables the creation of innovative solutions for our business units and clients in the Lawyers Professional Liability space.

The Company

Munich Re Specialty Insurance (MRSI) provides extensive, specialty property and casualty insurance solutions to customers through select brokers, Managing General Agents, program administrators, cover holders and insurtech partners. Products include: property, casualty, professional liability and other specialty insurance solutions. Our comprehensive, customized solutions are provided by A+ rated carriers and are tailored to clients’ needs. We offer superior service levels, industry-recognized underwriting and claims expertise and innovative approaches to complex and evolving risks.

Munich Re Specialty Insurance (MRSI) is a description for the insurance business operations of affiliated companies in the Munich Re Group that share a common directive to offer and deliver specialty property and casualty insurance products and services in North America. For more information on MRSI, including licensing, regulatory-required, and other information on the operating companies, visit https://www.munichre.com/us-non-life/en/general/munich-re-specialty-insurance-disclosures.html.

The Opportunity

The Litigation and Vendor Management (LVM) Specialist supports the management of panel counsel law firms and vendors for all lines of business. This role will be responsible for auditing bills from panel counsel firms and vendors, processing payments, and handling appeals. The LVM Specialist will also assist in conducting the due diligence and onboarding of new firms and vendors, rate evaluation, and ongoing assessment of panel counsel and vendors. The LVM Specialist will assist in other functions related to Litigation Management, including training on tools and processes, management of preferred vendors, and other expense management functions.

Major responsibilities include:

• Review and audit legal bills from panel counsel firms and vendors for compliance with guidelines and industry standards.
• Submit approved invoices within the internal accounts payable system.
• Address legal billing questions and appeals with panel counsel.
• Monitors panel counsel firms for ongoing compliance with Litigation Guidelines.
• Participate in the annual audit process for panel counsel.
• Responsible due diligence and onboarding for new firm applicants and vendors.
• Participate with panel counsel appeals and rate evaluation.
• Work with panel counsel participating in CE/CLE training.
• Monitor Preferred Vendors per the Litigation Guidelines.
• Work with litigation management and expense management functions, including projects for supporting tools and processes.

Your profile

Successful candidates will be possess the following skills/capabilities:

• 5+ years of legal bill review or paralegal experience
• Bachelor’s degree not required but preferred.
• Paralegal certificate not required but preferred.
• 5+ years of experience in an insurance defense firm either generating or reviewing legal billing in compliance with litigation guidelines, best practices, and industry standards.
• Experience with bill review and audit process for legal billing.
• Experience working with litigation management vendors; whether court reporters, record retrieval services, or litigation consulting services.
• Ability to think creatively and develop better solutions for existing processes.
• Ability to build and sustain internal and external business relationships.
• Skilled with Microsoft Office including Access, Excel, and Word.
• Detail oriented, particularly with respect to data quality.
• Proven ability to contribute to critical projects and initiatives.
• Self-motivated and effective at time management and prioritization.

At Munich Re US, we see Diversity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.

We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

About us

Founded in 1917, Munich Reinsurance America, Inc. is one of the largest reinsurers in the United States. Munich Reinsurance America, Inc. has earned the A+ (Superior) financial strength rating from A.M. Best Company - that's among the highest in the industry. Over 1,000 employees serve our clients from our Princeton, New Jersey campus and regional offices throughout the United States.

As a member of Munich Re's US operations, we offer the financial strength and stability that comes with being part of the world's preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of products and services to help you stay competitive - from traditional reinsurance coverages, to niche and specialty reinsurance and insurance products.