Surety Claim Specialist

FCCI Insurance Group•Ridgeland, MS

12h•$102,357 - $157,629•Hybrid

About The Position

The Surety Claim Specialist will independently conduct due diligence, evaluate exposure, and represent Surety's interests with adverse parties and proactively respond to the most complex demands against contract and commercial surety bonds. This position can be located at our corporate office in Sarasota, FL or one of our regional offices or remote within our territory.

Requirements

Ability to conduct due diligence, evaluate exposure, and represent Surety's interests with adverse parties.
Proactively respond to complex demands against contract and commercial surety bonds.
Analyze bond forms and construction contracts.
Review applicable statutes.
Interpret coverage and set reserves.
Employ direct, hands-on strategies to mitigate loss, with an early focus on indemnity issues and recovery.
Travel to claim sites as needed for performance bond related demands.
Retain and seek advice of outside counsel or consultants.
Prepare and present reports and summaries to claims management staff, FCCI agents, and reinsurers.
Consult with underwriting staff on bond forms, contract requirements, indemnity and collateral agreements.
Serve as a resource and/or mentor for others within the surety and claims unit.
Secure visibility with regions through office visits and educational presentations.

Responsibilities

Investigates the most complex claims including initial investigation, analysis, settlement, and when applicable, denial of a claim submission from a multi-state jurisdiction within authority limits, time standards and company best practices.
Actively solicits facts from all stakeholders, analyze bond forms and construction contracts, reviews applicable statutes, and analyzes claim submissions involving commercial and contract surety bonds. Interprets coverage, setting reserves, and when appropriate tender of settlement. Employ direct, hands-on strategies to mitigate loss, with an early focus on indemnity issues and recovery.
Responds urgently to performance bond related demands that require sudden travel to claim site.
Retains and seeks advice of outside counsel or consultants to supplement investigation before responding to a demand against a bond, as needed.
Responsible for comprehensive reporting on the status of claims to all stakeholders. This includes the preparation and presentation of reports and summaries to claims management staff as well as FCCI agents and reinsurer.
Consults with underwriting staff on potential new and existing accounts related to bond forms, contract requirements, indemnity and collateral agreements.
Serves as a resource and/or mentor for others within the surety and claims unit.
Secures a visibility with the regions through visits to the office and educational presentations.