IAT Insurance Group
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IAT Insurance Group has an immediate opening for a Senior Surety Claims Counsel that can report to 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 & Chief Legal Officer as well. The Senior 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 (unless fully remote), with the option of working Thursday and Friday remotely.
Responsibilities
Interacts with attorneys for claimants and owners, as well as field management staff to resolve complex claims issues and ensure cost effective solutions.
Drafts and negotiates the necessary documents for each situation, such as Surety Takeover and/or Completion Agreements, 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 and reviews counsel and consultants’ bills before submitting for approval.
Recommends reserves.
Manages litigation and salvage recovery actions on assigned matters.
Analyzes payment bond claims and makes recommendations regarding payment.
Select, develop, motivate and train staff to achieve objectives.
Monitors and evaluates employee performance.
Performs other duties as needed.
Qualifications
JD with 7+ years of relevant Surety Claims and/or Construction Law experience
Possession of insurance adjuster license or ability to obtain insurance adjuster license as needed in assigned regions or license with reciprocity to assigned regions
Ability and willingness to travel as needed
Must be authorized to work in the United States and must not require VISA sponsorship, now or in the future, for employment purposes
Preferred
Supervisory experience
Compensation Please note, that the annual gross salary range associated with this posting is $97,880 – $213,030. This range represents the anticipated low and high end of the base salary for this position. The total compensation will include a base salary, performance-based bonus opportunities, 401(K) match, profit-sharing opportunities, and more. Actual salaries will vary based on factors such as a candidate's qualifications, skills, competencies, and geographical location related to this specific role.
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
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. We maintain a drug-free workplace and participate in E-Verify.
To view details of our full benefits, please visit https://www.iatinsurancegroup.com/careers/benefits
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Get AI-powered advice on this job and more exclusive features.
IAT Insurance Group has an immediate opening for a Senior Surety Claims Counsel that can report to 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 & Chief Legal Officer as well. The Senior 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 (unless fully remote), with the option of working Thursday and Friday remotely.
Responsibilities
Interacts with attorneys for claimants and owners, as well as field management staff to resolve complex claims issues and ensure cost effective solutions.
Drafts and negotiates the necessary documents for each situation, such as Surety Takeover and/or Completion Agreements, 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 and reviews counsel and consultants’ bills before submitting for approval.
Recommends reserves.
Manages litigation and salvage recovery actions on assigned matters.
Analyzes payment bond claims and makes recommendations regarding payment.
Select, develop, motivate and train staff to achieve objectives.
Monitors and evaluates employee performance.
Performs other duties as needed.
Qualifications
JD with 7+ years of relevant Surety Claims and/or Construction Law experience
Possession of insurance adjuster license or ability to obtain insurance adjuster license as needed in assigned regions or license with reciprocity to assigned regions
Ability and willingness to travel as needed
Must be authorized to work in the United States and must not require VISA sponsorship, now or in the future, for employment purposes
Preferred
Supervisory experience
Compensation Please note, that the annual gross salary range associated with this posting is $97,880 – $213,030. This range represents the anticipated low and high end of the base salary for this position. The total compensation will include a base salary, performance-based bonus opportunities, 401(K) match, profit-sharing opportunities, and more. Actual salaries will vary based on factors such as a candidate's qualifications, skills, competencies, and geographical location related to this specific role.
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
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. We maintain a drug-free workplace and participate in E-Verify.
To view details of our full benefits, please visit https://www.iatinsurancegroup.com/careers/benefits
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