Bankers Surety
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Risk Analyst
role at
Bankers Surety . The Surety Division of Bankers Insurance Company offers unsurpassed service and quality to our agents. We are one of the largest providers to the Bail Bond industry and one of the fastest-growing providers of Contract and Commercial Bonds to businesses. Our knowledgeable and experienced staff of professionals share a vision of providing agents with superior customer service. Agents are full partners in our business. We grow, we succeed, and we profit together. Our Core Values
include Collaboration, Innovation, Performance, Social Responsibility, and Trust. We emphasize teamwork, ethical conduct, and delivering customer value. Summary/Objective Monitor and manage extremely high-risk and terminated agents in all states where commercial surety bail bonds are written. Ensure that forfeitures and judgments are addressed and resolved to prevent financial loss. Locate, hire, and work with attorneys, court officials, and recovery agents to resolve judgments and other legal matters to mitigate financial losses. Essential Functions
Forfeitures/Judgments/Demands/Rules: 90% Handle forfeitures, judgments, demands, and Department of Insurance notices and/or inquiries by defined due dates to avoid or mitigate financial losses to the company. Discuss collateral and confer with agents about the ability to pay bond forfeitures and any associated fees (attorney, recovery, court). Locate, hire, manage, and pay fugitive recovery agents. Confer with law enforcement. Communicate, confer, and negotiate with court clerks and the DA's office. Locate, hire, pay, confer, and work alongside attorneys. Review cases, submit motions, and file appropriate documentation with courts. Communicate with courts regarding the status of a bond forfeiture and upcoming hearings. Fulfill financial obligations to court to prevent or mitigate additional pecuniary loss to Bankers or shutdown of business. Periodic travel to meet and confer with contracted agents deemed extremely high-risk and recovery agents. Accounts Management: 10% Communicate with agents to discuss and resolve outstanding accounts receivable. Compose discrepancy notices and journal entries to balance accounts receivable. Prepare client vitals to assist in decisions regarding recontacting, rate decreases, collateral withdrawals, terminations, underwriting limits, etc. Prepare lawsuit documentation and review incoming satisfactions for accuracy. Provide clients with monthly statistical information. Communicate with agents about non- or late reporting. Other projects as assigned. Required Education And Experience
3+ years managing claims and losses 3+ years working in accounts with minimal managerial supervision 3+ years operating in a high-pressure and fast-paced culture 5+ years of customer service experience 1+ years of accounts receivable-related experience and proficiency 2+ years of computer literacy (including using MS Office) 5+ years working in an office setting (including at least 6+ months working remotely) 3+ years of functioning and collaborating in a team environment Preferred Education And Experience
Bachelor’s Degree; familiarization with legal practices (court dockets and documents; court officials; attorneys; Dept of Insurance; contracts); reading and understanding State statutes. The preceding position description is designed to indicate the general nature of the work performed and the level of knowledge and skills typically required; it is not designed to contain or be interpreted as a comprehensive list of duties. Additional and different duties may be assigned from time to time.
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Risk Analyst
role at
Bankers Surety . The Surety Division of Bankers Insurance Company offers unsurpassed service and quality to our agents. We are one of the largest providers to the Bail Bond industry and one of the fastest-growing providers of Contract and Commercial Bonds to businesses. Our knowledgeable and experienced staff of professionals share a vision of providing agents with superior customer service. Agents are full partners in our business. We grow, we succeed, and we profit together. Our Core Values
include Collaboration, Innovation, Performance, Social Responsibility, and Trust. We emphasize teamwork, ethical conduct, and delivering customer value. Summary/Objective Monitor and manage extremely high-risk and terminated agents in all states where commercial surety bail bonds are written. Ensure that forfeitures and judgments are addressed and resolved to prevent financial loss. Locate, hire, and work with attorneys, court officials, and recovery agents to resolve judgments and other legal matters to mitigate financial losses. Essential Functions
Forfeitures/Judgments/Demands/Rules: 90% Handle forfeitures, judgments, demands, and Department of Insurance notices and/or inquiries by defined due dates to avoid or mitigate financial losses to the company. Discuss collateral and confer with agents about the ability to pay bond forfeitures and any associated fees (attorney, recovery, court). Locate, hire, manage, and pay fugitive recovery agents. Confer with law enforcement. Communicate, confer, and negotiate with court clerks and the DA's office. Locate, hire, pay, confer, and work alongside attorneys. Review cases, submit motions, and file appropriate documentation with courts. Communicate with courts regarding the status of a bond forfeiture and upcoming hearings. Fulfill financial obligations to court to prevent or mitigate additional pecuniary loss to Bankers or shutdown of business. Periodic travel to meet and confer with contracted agents deemed extremely high-risk and recovery agents. Accounts Management: 10% Communicate with agents to discuss and resolve outstanding accounts receivable. Compose discrepancy notices and journal entries to balance accounts receivable. Prepare client vitals to assist in decisions regarding recontacting, rate decreases, collateral withdrawals, terminations, underwriting limits, etc. Prepare lawsuit documentation and review incoming satisfactions for accuracy. Provide clients with monthly statistical information. Communicate with agents about non- or late reporting. Other projects as assigned. Required Education And Experience
3+ years managing claims and losses 3+ years working in accounts with minimal managerial supervision 3+ years operating in a high-pressure and fast-paced culture 5+ years of customer service experience 1+ years of accounts receivable-related experience and proficiency 2+ years of computer literacy (including using MS Office) 5+ years working in an office setting (including at least 6+ months working remotely) 3+ years of functioning and collaborating in a team environment Preferred Education And Experience
Bachelor’s Degree; familiarization with legal practices (court dockets and documents; court officials; attorneys; Dept of Insurance; contracts); reading and understanding State statutes. The preceding position description is designed to indicate the general nature of the work performed and the level of knowledge and skills typically required; it is not designed to contain or be interpreted as a comprehensive list of duties. Additional and different duties may be assigned from time to time.
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