Complex Claim Director (Financial Lines - Public D&O)

CNA

Chicago, Illinois

JOB DETAILS
SKILLS
Actuarial Skills, Alliance/Partner Management, Asset Management, Banking Services, Best Practices, Business Skills, Claims Management, Claims Processing, Coaching, Communication Skills, Customer Experience, Customer Satisfaction, Customer Support/Service, Data Analysis, Employee Retention, Expense Management, Expense Tracking, Finance, Financial Management, Insurance, Investment Services, Leadership, Legal, Litigation, Litigation Settlement, Maintain Compliance, Market Trend Analysis, Mentoring, Metrics, Microsoft Office, Operational Audit, Operational Strategy, Performance Analysis, Performance Management, Presentation/Verbal Skills, Problem Solving Skills, Productivity Management, Profit & Loss, Public Finance, Regulations, Regulatory Compliance, Regulatory Requirements, Reinsurance, Resource Management, Resource Utilization, Risk, Stewardship, Succession Planning, Talent Management, Team Lead/Manager, Time Management, Trend Analysis, Underwriting
LOCATION
Chicago, Illinois
POSTED
3 days ago

You have a clear vision of where your career can go. And we have the leadership to help you get there. At CNA, we strive to create a culture in which people know they matter and are part of something important, ensuring the abilities of all employees are used to their fullest potential. 

This is a unique opportunity to lead a team handling some of the most sophisticated, high-exposure, and strategically important claims in the Financial Lines industry. As Complex Claims Director, you will influence claim outcomes, guide multimillion-dollar reserving and settlement decisions, partner with senior leaders across the organization, and develop exceptional talent while helping drive the success of a market-leading business.

JOB DESCRIPTION:

Job Description Summary

The Complex Claims Director is a pivotal leadership role within CNA's Financial Lines organization. This position leads a team of highly skilled claims professionals responsible for the management of complex Financial Institutions E&O claims involving Banking Institutions, Investment Advisors and Asset Managers, Private Equity firms, Insurance Companies, and Reps and Warranties exposures.

The successful candidate will combine technical excellence, business acumen, and inspiring leadership to navigate challenging coverage, liability, and litigation issues while driving exceptional outcomes for customers and the organization. In addition to overseeing a sophisticated portfolio of claims, the Complex Claims Director will play a key role in shaping strategy, influencing significant business decisions, building organizational capability, and driving operational excellence across a critical segment of the Financial Lines business.

This role offers a unique opportunity to make a lasting impact—leading through complexity, mentoring future leaders, and helping define best-in-class claim handling practices in an evolving and dynamic marketplace.

Essential Duties & Responsibilities:

Performs a combination of duties in accordance with departmental guidelines:

• Leads, develops, and inspires a team of highly skilled claims professionals handling complex, high-severity Financial Institutions E&O claims, fostering technical excellence, strong decision-making, and a culture of accountability and collaboration.

• Drives superior claim outcomes by overseeing claim strategies, reserving, litigation management, settlement authority recommendations, and resolution planning across a sophisticated portfolio of Financial Institutions E&O matters.

• Contributes to organizational profitability by driving productivity, managing expenses, ensuring appropriate use of vendors, overseeing claim resolution strategies, and ensuring quality and customer service standards are met or exceeded.

• Ensures customer satisfaction by holding teams accountable for delivering high-quality, timely claim service, identifying service opportunities, and implementing initiatives, processes, and training that enhance the customer experience.

• Ensures claim handling excellence through active file engagement, quality oversight, performance monitoring, coaching, and development of technical capabilities across the team.

• Leverages data analytics and operational metrics to identify trends, evaluate performance, improve outcomes, and drive continuous operational effectiveness.

• Manages department and claim expenses through disciplined financial stewardship, productivity management, effective resource utilization, and a focus on efficiency and quality.

• Builds and strengthens strategic relationships across Claims, Underwriting, Actuarial, Legal, Reinsurance, and external stakeholders to achieve favorable outcomes on complex matters and advance business objectives.

• Effectively communicates and shares timely information through team meetings, one-on-one coaching sessions, leadership communications, and development initiatives that foster employee engagement and growth.

• Partners with senior leadership to shape claims strategy, influence business decisions, implement key initiatives, and reinforce organizational priorities and objectives.

• Develops and advances talent through coaching, mentoring, succession planning, and performance management, helping build the next generation of Financial Lines claim leaders.

• Ensures compliance with applicable regulatory requirements, company guidelines, and industry best practices while remaining current on emerging legal, regulatory, and market trends affecting Financial Institutions E&O exposures.

• May participate in special projects and enterprise initiatives.

Reporting Relationship

Typically AVP or above

Skills, Knowledge & Abilities

  • Thorough knowledge of the insurance industry and the organization’s products, policies and procedures.

  • Ability to effectively recruit, lead, coach, develop and retain talented claim professionals and/or managers.

  • Advanced technical expertise in Financial Institutions E&O, business management acumen, investigation and claims resolution experience, and expert knowledge of claims principles, practices and procedures.

  • Ability to solve complex issues with a sense of urgency; effectively identifies and manages available resources to make informed decisions.

  • Ability to effectively interact and collaborate with all levels of CNA’s internal and external business partners.

  • Excellent communication skills and customer service experience, with demonstrated ability to succinctly present to senior management.

  • Demonstrated knowledge and understanding of when and how to extract insights from metrics to make informed business decisions.

  • Ability to creatively and effectively manage through ambiguous and challenging business problems, lead through change, and take appropriate levels of risk.

  • Adaptable and able to effectively lead through change.

  • Knowledge of Microsoft Office Suite and other business-related software.

  • Ability to model CNA’s leadership behaviors.

Education & Experience:

  • Bachelor’s degree with Master’s preferred or equivalent experience.

  • Typically a minimum of ten years of related work experience, with three years of management experience preferred.

  • Applicable certifications or professional designations preferred.

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In certain jurisdictions, CNA is legally required to include a reasonable estimate of the compensation for this role. In District of Columbia,California, Colorado, Connecticut, Illinois,Maryland, Massachusetts, New York and Washington,the national base pay range for this job level is $97,000 to $189,000 annually. Salary determinations are based on various factors, including but not limited to, relevant work experience, skills, certifications and location. CNA offers a comprehensive and competitive benefits package to help our employees – and their family members – achieve their physical, financial, emotional and social wellbeing goals.  For a detailed look at CNA’s benefits, please visit cnabenefits.com.


CNA utilizes AI-enabled technology during the recruiting process. For more information, please visit our careers page.


CNA is committed to providing reasonable accommodations to qualified individuals with disabilities in the recruitment process. To request an accommodation, please contact 

leaveadministration@cna.com

About the Company

C

CNA

CNA's approach to research is a modern iteration of the Newtonian principle that complex, dynamic processes are best understood through direct observation of events and people. That was the methodology CNA analysts first applied in the 1940s when they pioneered the field of operations research by helping the Navy address the German U-boat threat. Not content to study the problem from afar, this small group of MIT scientists insisted on deploying with Navy forces in order to observe operations and collect the data needed for meaningful analyses. Their groundbreaking work, and the anti-submarine warfare equations it produced, set a standard for operations research methods that CNA has maintained for 75 years. Today, with more than 500 professionals at our headquarters and 50 researchers in the field, CNA still takes a multi-disciplinary, real-world approach to our work. On-site analysts carefully observe all aspects of a process—people, decisions, actions, consequences—and then collaborate with a headquarters-based research team to assess data and arrive at findings. CNA's objective, empirical research and analysis helps decision makers develop sound policies, make better-informed decisions, and manage programs more effectively. Our work, which in its early decades focused solely on defense-related matters, has grown to include investigation and analysis of a broad range of national security, defense, and public interest issues including education, homeland security and air traffic management. Through our Center for Naval Analyses and Institute for Public Research, we provide public-sector organizations with the tools they need to tackle the complex challenges of making government more efficient and keeping our country safe and strong.
COMPANY SIZE
100 to 499 employees
INDUSTRY
Other/Not Classified
FOUNDED
1940
WEBSITE
https://www.cna.org/