Surety Engineer or Sr. Surety Engineer (Lone Tree, CO)
About The Position
Philadelphia Insurance Companies, a member of the Tokio Marine Group, designs, markets and underwrites commercial property/casualty and professional liability insurance products for select industries. We have been in operation since 1962 and are nationally recognized as a member of Ward's Top 50 and rated A++ by A.M.Best. We are looking for a Surety Engineer or Sr. Surety Engineer to join our team in Lone Tree, CO! Summary: A typical day would include the following: Assists in the investigation, analysis and evaluation of liability of performance and payment claims. Develops, implements and manages Surety’s strategy plan to mitigate losses by conducting analysis of cost-efficient methods of completion to mitigate exposure. Establishes relationships with preferred consulting vendors nationwide; oversees tasks performed by consultants and drafts engagement letters, scopes of work and budgets for retention of local consultants or trade specialists. Evaluates the operational strength of existing or potential accounts and coordinates with accounting consultants to measure the financial strength of accounts. Performs operational reviews to evaluate the quality of estimating, project management, accounting, and home office/field personnel. Review long term business objectives and surety credit needs. Provide opinions and recommendations on the account’s method of internal controls, job cost systems, and financial reporting. Analyzes bid results and accuracy/completeness of the account’s bid and provides a recommended course of action. Performs pre-bid risk reviews when necessary. Monitors and reports trends that may be impacting the construction or surety industries at a regional or national level. Assists with planning of educational seminars. May support training and coaching of junior staff.
Requirements
- Bachelors of Science in Engineering, Construction Management or similar type major
- 5+ years construction and/or surety related experience
- 20-40% travel required
Responsibilities
- Assists in the investigation, analysis and evaluation of liability of performance and payment claims.
- Develops, implements and manages Surety’s strategy plan to mitigate losses by conducting analysis of cost-efficient methods of completion to mitigate exposure.
- Establishes relationships with preferred consulting vendors nationwide; oversees tasks performed by consultants and drafts engagement letters, scopes of work and budgets for retention of local consultants or trade specialists.
- Evaluates the operational strength of existing or potential accounts and coordinates with accounting consultants to measure the financial strength of accounts.
- Performs operational reviews to evaluate the quality of estimating, project management, accounting, and home office/field personnel.
- Review long term business objectives and surety credit needs.
- Provide opinions and recommendations on the account’s method of internal controls, job cost systems, and financial reporting.
- Analyzes bid results and accuracy/completeness of the account’s bid and provides a recommended course of action.
- Performs pre-bid risk reviews when necessary.
- Monitors and reports trends that may be impacting the construction or surety industries at a regional or national level.
- Assists with planning of educational seminars.
- May support training and coaching of junior staff.
Benefits
- We offer a comprehensive benefit package, which includes tuition reimbursement and a generous 401K match.
- Our rich history of outstanding results and growth allow us to focus our business plan on continued growth, new products, people development and internal career opportunities.
- Additional information on Volunteer Benefits, Paid Vacation, Medical Benefits, Educational Incentives, Family Friendly Benefits and Investment Incentives can be found at https://www.phly.com/Careers/default.aspx
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Number of Employees
501-1,000 employees
