Senior Surety Claims Counsel

IAT Insurance Group has an immediate opening for a Senior Surety Claims Counsel that can report to any IAT location. For the ideal person, there is an option to work remote. This role reports to the VP, Claims Counsel and works closely with the SVP & Chief Legal Officer as well. 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 (unless fully remote), with the option of working Thursday and Friday remotely.

IAT Insurance Group is the largest private, family-owned property and casualty insurer in the U.S.

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.

IAT Answers Together is how we define IAT, in letter and in spirit. We work together to provide solutions for people and businesses. We collaborate internally and with our partners to provide the best possible insurance and surety options for our customers.

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.

Qualifications

Preferred To Have

Compensation

Annual gross salary range associated with this posting is $97,880 – $213,030. The total compensation will include a base salary, performance-based bonus opportunities, 401(k) match, profit-sharing opportunities, and more.

Benefits

Legal Hiring Statement

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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