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IAT Insurance Group · 3 months ago

Senior Surety Claims Counsel

Naperville, IL

Full-time

Hybrid

Mid, Senior Level

$98K/yr - $213K/yr

7+ years exp

IAT Insurance Group is the largest private, family-owned property and casualty insurer in the U.S., and they are seeking a Senior Surety Claims Counsel. This role is responsible for reviewing, investigating, resolving, and negotiating performance bond defaults and claims, while collaborating closely with attorneys, underwriters, and managing litigation matters.

CommercialFinanceFinancial ServicesInsuranceInsurTech

Comp. & Benefits

No H1B

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

Qualification

JDSurety Claims experienceConstruction Law experienceInsurance adjuster licenseSupervisory experience

Required

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