Surety Claims Counsel

IAT Insurance Group has an immediate need for a Surety Claims Counsel that can be located at any IAT location. The role reports to the VP, Claims Counsel and works closely with the SVP, Legal. The position is hybrid, with a schedule from Monday through Wednesday in any IAT office and the option to work Thursday and Friday remotely.

The Surety Claims Counsel is responsible for reviewing, investigating, resolving and negotiating performance bond defaults, payment bond claims, subdivision and commercial bond claims.

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 work of outside counsel and consultants' bills before submitting 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.
• Other job-related duties as required.

Qualifications

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.

Compensation

Annual gross salary range : $82,960 – $180,450. Total compensation includes base salary, performance-based bonus opportunities, 401(k) match, profit-sharing and more. Actual salaries vary based on qualifications, skills, competencies and location.

Benefits

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

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

We are committed to driving and building an open and supportive culture for all. Our employees propel IAT forward – driving innovation, stable partnerships and growth.

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