Senior Surety Claims Counsel

About the role

This role reports to the VP, Claims Counsel and works closely with the SVP, Chief Legal Officer. 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, with the option of working Thursday and Friday remotely. While we prefer candidates to work from one of our IAT office locations, we are open to considering fully remote arrangements for the ideal candidate.

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’ bills before submitting for approval.
• Recommends reserves.
• Manages litigation and salvage recovery actions.
• Analyzes payment bond claims and makes recommendations regarding payment.
• Select, develop, motivate and train staff to achieve objectives.
• Monitors and evaluates employee performance.
• Other job-related duties as required.

Requirements

• JD with 7+ years of relevant Surety Claims and/or Construction Law experience.
• Licensed insurance adjuster 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.
• All applicants must be authorized to work in the United States and must not require VISA sponsorship, now or in the future, for employment purposes.

Preferred Qualifications

• Supervisory experience.

Pay

The annual gross salary range for this role is $97,880 – $213,030. Total compensation includes base salary, performance-based bonus opportunities, 401(k) match, and profit-sharing opportunities. Actual salaries will vary based on factors such as a candidate's qualifications, skills, competencies, and geographical location.

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 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.