Director, Credit Claims

Director, Credit Claims

Everest Insurance Company

About Everest :

Everest is a global leader in risk management, rooted in a rich, 50+ year heritage of enabling businesses to survive and thrive, and economies to function and flourish. We are underwriters of risk, growth, progress and opportunity. We are a global team focused on disciplined capital allocation and long-term value creation for all stakeholders, who care deeply about our impact on communities and the wider world.

About the Role :

Direct Handle Surety & Trade Credit / Political Risk Claims and Pre-Claim Matters. Investigate contract and commercial surety bond claims; Structured Credit / Trade Credit / Project Finance Pre-Claim / Claims. Work within specific limits of authority on assignments of significant technical complexity and coordination. Utilizing claims policies and guidelines reviews coverages, investigates and determines liability; compensability; identify and implements loss mitigation strategies; negotiates and resolves claims.

Essential Duties & Responsibilities :

• Performs a combination of duties in accordance with departmental guidelines.
• Interprets complex bond coverages and determines if coverages apply to claims submitted, escalating issues as needed.
• Sets reserves and authorizes payments within scope of authority.
• Ensures issuance of disbursements while managing loss costs and expenses.
• Coordinates and performs investigations and evaluates claims and suits through contact with principals, claimants, business partners, counsel, and experts.
• Seeks early resolution opportunities; utilizes negotiation skills to develop complex settlement packages; identifies claims with recovery potential and coordinates with subrogation / salvage unit.
• Partners with attorneys, account representatives, agents, underwriters, and principals to develop a focused strategy for timely and cost-effective resolution of more complex claims.
• Analyzes claims activities. Prepares and presents reports for management. May be responsible for special projects and presentations.
• Responsible for input of data that accurately reflects claim circumstances and other information important to our business outcomes.
• May provide guidance and assistance to other claims staff and functional areas.
• Partner with Underwriting in Marketing the Surety Product.
• Provide Underwriting with Data and Metrics regarding.
• Keeps current on state / international regulations and issues as well as industry activity and trends.

Skills Knowledge and Abilities :

Education and Experience :

The base salary range for this position is $134,000 - $187,300 annually. The offered rate of compensation will be based on individual education, experience, qualifications and work location. All offers include access to a variety of benefits to employees, including health insurance coverage, an employee wellness program, life and disability insurance, 401k match, retirement savings plan, paid holidays and paid time off (PTO).