Overview
This role manages complex surety claims and provides legal support to underwriting and business leadership. Success requires strong surety claims experience, legal judgment, business acumen, and the ability to operate effectively in a fast-paced remote environment.
Responsibilities
- Independently adjust claims on complex contract and commercial surety bonds in multiple jurisdictions in a timely, thorough, and professional manner.
- Select, retain, and manage outside surety claims counsel and related resources (including consultants, accountants, expert witnesses, etc.) to achieve best possible claim outcomes.
- Set well-reasoned reserves and control claims-handling costs and expenses.
- Attend meditations, arbitrations, and trials as needed and appropriate.
- Draft claim reports for underwriting and management.
- Assist in the creation or revision of surety claim and/or underwriting forms and documents as necessary.
- Support underwriters with the “front end” of surety transactions, including drafting indemnity, collateral, and related agreements and/or reviewing or manuscripting bond forms, in a fast-paced environment with short turn-around times.
- Develop legal resource and training materials for surety.
- Provide education and training to surety underwriting (and other selected staff) on key legal issues involving surety bonds and claims, including “lessons learned” from past surety claim experiences and outcomes.
- Research, analyze, and provide timely updates on legal developments in the surety field.
- Ensure fair and ethical policies and practices in all relationships and operations.
- Promote a culture of personal responsibility, accountability, and open communication.
- Perform other duties as assigned.
Requirements
- Minimum 2+ years’ experience in surety bond claims handling.
- Prior in-house experience in the surety claims department of an insurance company is preferred.
- J.D. from an ABA accredited law school required.
- State Claims Adjuster license strongly preferred.
Preferred Qualifications
- Past or present membership in ABA/TIPS/FSLC a plus.
Compensation & Benefits
- Applicable base salary: $155,000 - $175,000.
- Base pay is determined based on factors such as experience, skills, training, location, certifications, education, and any applicable minimum wage requirements.
- Performance-based incentives may be available in addition to base salary.
- Competitive total rewards package may include:
- Health and welfare benefits
- Tuition and professional certification assistance
- 401k savings
- Elective participation in the Employee Stock Purchase Program
- Paid time off
- Paid holidays
- Child bonding leave
- Other employee assistance