Surety Claims Counsel
About The Position
IAT Insurance Group has an immediate need for a Surety Claims Counsel that can be located at any IAT location. For the ideal person, there is an option to work remote. This role reports to the VP, Claims Counsel and works closely with the SVP, Legal, as well. The Surety Claims Counsel is responsible for reviewing, investigating, resolving and negotiating performance bond defaults, payment bond claims, subdivision and commercial bond claims. This role works a hybrid schedule from any IAT Office Monday through Wednesday, with the option of working Thursday and Friday remotely.
Requirements
- JD with 4+ years of relevant Surety Claims and/or or Construction Law experience.
- Licensed insurance adjuster or ability to obtain insurance adjuster license in assigned regions or license with reciprocity to assigned regions.
- Ability to travel as needed.
- To qualify, all applicants must be authorized to work in the United States and must not require, now or in the future, VISA sponsorship for employment purposes.
Responsibilities
- Interacts with attorneys, claimants, owners and other parties, as well as field management staff to resolve claims issues and ensure cost effective solutions.
- Drafts and negotiates the necessary documents for each situation, such as Surety Takeover and/or Completion Agreements, settlement agreements, releases correspondence, reports and exposure analyses.
- Collaborates closely with underwriters in assigned regions.
- Reviews and analyzes work in progress schedules, costs to complete, accounts payable and receivable ledgers.
- Supervises work of outside counsel and consultants’ bills before submitting for approval
- Recommends reserves.
- Manages litigation and salvage recovery actions.
- Analyzes payment bond claims and makes recommendations regarding payment.
- Select, develop, motivate and train staff to achieve objectives.
- Maintains awareness and knowledge of developments in statutes, regulations, and caselaw in assigned regions.
- Monitors and evaluates employee performance.
- Other job-related duties as required.
Benefits
- 26 PTO Days (Entry Level) + 12 Company Holidays = 38 Paid Days Off
- 7% 401(k) Company Match and additional Profit Sharing
- Hybrid work environment
- Numerous training and development opportunities to assist you in furthering your career
- Healthcare and Wellness Programs
- Opportunity to earn performance-based bonuses
- College Loan Assistance Support Plan
- Educational Assistance Program
- Mentorship Program
- Dress for Your Day Policy
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
