Claims Examiner - Transactional Surety (Hybrid)

Intact Insurance Specialty Solutions•Morris Township, NJ

6d•$88,000 - $130,000•Hybrid

About The Position

Intact Insurance Specialty Solutions is seeking a Claim Examiner to join its U.S. Transactional Surety team. The role is based in one of the listed offices—New York City, NY; Boston, MA; Farmington, CT; Morristown, NJ; Blue Bell, PA; or Chicago, IL—and follows a hybrid schedule. The Claim Examiner handles and resolves complex and/or specialized surety claims through investigation, evaluation, and disposition. The role may also include mentoring or training less experienced claim representatives and requires maintaining professional knowledge of applicable regulatory and legal environments.

Requirements

Bachelor’s degree or equivalent experience.
At least 5 years of experience handling complex Surety Bond and/or Performance Bond claims.
Background evaluating and handling litigated claims.

Nice To Haves

Juris Doctorate.

Responsibilities

Make timely and appropriate contacts and conduct investigations to determine coverage, assess liability, and determine damages for complex and specialized claims.
Determine coverage, prepare coverage correspondence for appropriate claims, and respond to coverage questions from insureds and others.
Determine exposure, establish adequate reserves, and make timely reserve adjustments as needed.
Select, assign, and direct internal and external resources as required, including independent adjusters, appraisers, and attorneys.
Identify questionable claims and consult with SIU for further direction as appropriate.
Determine loss settlement value and negotiate appropriate settlements within authority; recommend settlement and disposition of claims that exceed authority.
Clearly and concisely document relevant activity on assigned files and recommend additional activity as appropriate.
May mentor or train less experienced claim representatives.
Stay current with state license requirements and participate in continuing education as required.
Maintain and effectively apply professional knowledge of regulatory and legal environments.