Surety Claims Counsel

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IAT Insurance Group has an immediate need for a Surety Claims Counsel that can be located at any IAT location. The ideal person may work remote. This role reports to the VP, Claims Counsel and works closely with the SVP, Legal. The Surety Claims Counsel is responsible for reviewing, investigating, resolving and negotiating performance bond defaults, payment bond claims, subdivision and commercial bond claims. The schedule is hybrid from any IAT Office Monday through Wednesday, with the option to work Thursday and Friday remotely.

Responsibilities

• Interact with attorneys, claimants, owners and other parties, as well as field management staff to resolve claims issues and ensure cost-effective solutions.
• Draft and negotiate the necessary documents for each situation, such as Surety Takeover and / or Completion Agreements, settlement agreements, releases, correspondence, reports and exposure analyses.
• Collaborate closely with underwriters in assigned regions.
• Review and analyze work-in-progress schedules, costs to complete, accounts payable and receivable ledgers.
• Supervise outside counsel and consultants' bills before submission for approval.
• Recommend reserves.
• Manage litigation and salvage recovery actions.
• Analyze payment bond claims and make recommendations regarding payment.
• Select, develop, motivate and train staff to achieve objectives.
• Maintain awareness and knowledge of developments in statutes, regulations, and case-law in assigned regions.
• Monitor and evaluate employee performance.
• Perform other job-related duties as required.

Qualifications

Compensation

The annual gross salary range for this position is $82,960 – $180,450. Total compensation will include a base salary, performance-based bonus opportunities, 401(k) match, profit-sharing opportunities, and more. Actual salaries will vary based on factors such as a candidate's qualifications, skills, competencies, and geographical location.

Benefits

To view details of our full benefits, please visit https : / / www.iatinsurancegroup.com / careers / benefits.

At IAT, we're committed to driving and building an open and supportive culture for all. Our employees propel IAT forward – driving innovation, stable partnerships and growth. That's why we continue to build an engaging workplace culture to attract and retain the best talent.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. We maintain a drug-free workplace and participate in E-Verify.

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