Insure Your Future!
The Surety division is looking to add a Sr. Surety Claims Consultant/Counsel. Join our team as we continue to strengthen our competitive advantage and provide the highest level of professionalism to our insured clients
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As a Sr. Surety Claims Consultant/Counsel you will handle all aspects of a Surety claim (or prospective claim) in a pro-active, cost efficient manner until the matter is fully resolved, including recovery. This position requires providing legal or construction or proactive claims avoidance advice to the underwriting department.
Handles;larger and more complex claims assigned (or prospective claims).
Investigates, analyzes, documents and resolves all aspects of a surety claim and identify and pursue recovery/salvage opportunities.
Reviews, negotiates, interprets and drafts standard and complex surety agreements (i.e. takeover agreements, completion agreements, tender agreements, ratification agreements, release and assignments, change orders, RFP’s, bid package documents, etc.).
Assists in the training of junior staff members (i.e. implementation of best practices) as needed.
Supervises, directs, coordinates all activities performed by outside third parties (i.e. consultants, attorneys, accountants, etc.) in a claim situation.
Manages the completion of construction projects and/or subdivision projects, including but not limited to the controlling of expenses.
Supervises and directs outside counsel in the handling of high exposure litigation, including making strategic recommendations to management
Prepares;internal reports (i.e. internal loss reports, reinsurance reports, etc.) and communicate to management in a timely and accurate manner, all significant case developments including the posting of timely reserve losses and expenses.
Interacts professionally with all Surety stakeholders (underwriters, agents, accounts, and other non Surety ICW team members) to promote the success of the Surety LOB.
Participates in underwriting training seminars and workshops as needed.
Assists in department projects or initiatives as directly by the Surety Claims Manager/VP.
Identifies and manages;ALAE expenses such as consultants and attorneys and assist in the development of controls to accomplish this.
Keeps abreast of pertinent changes in the case law, statutes or regulations relative to surety claims handling.
Assists in marketing TPA - On Point Risk Solutions
A bachelors degree is required, an advanced degree (i.e. law degree, masters degree) is preferred but not required if commensurate experience.
Responsible for maintaining current adjuster licenses in the jurisdictions where ICW has claim activity, as directed by the Surety Claims Manager/VP.
A minimum of 10-15 years surety claims handling experience or related relevant legal experience or construction claims experience.
Must be able to read and understand contracts, statues, and regulations as they apply to surety and the construction industry.
Must understand construction accounting & civil;procedures relating to litigation.
Must be able to work both independently and as part of a team on a large project.
Job requires a high level of initiative. Must be able to multitask and work in a high pressure environment.
Must have excellent time management and communication skills.
Must be detail and result oriented.
Must have exceptional negotiation skills and problem solving abilities.
Must be proficient in math and computer usage.
ICW Group - 22 months ago
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