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Senior Surety Claims Counsel
Senior Surety Claims CounselIAT Insurance Group • Naperville, IL, US
Senior Surety Claims Counsel

Senior Surety Claims Counsel

IAT Insurance Group • Naperville, IL, US
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Senior Surety Claims Counsel – IAT Insurance Group

Location & Work Schedule

Hybrid schedule from any IAT office Monday through Wednesday (unless fully remote). Remote work option available.

Responsibilities

  • Interact with attorneys for claimants and owners, as well as field management staff to resolve complex claims issues and ensure cost-effective solutions.
  • Draft and negotiate the necessary documents for each situation, such as Surety Takeover and / or Completion Agreements, 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 and review counsel and consultants' bills before submitting for approval.
  • Recommend reserves.
  • Manage litigation and salvage recovery actions on assigned matters.
  • Analyze payment bond claims and make recommendations regarding payment.
  • Select, develop, motivate and train staff to achieve objectives.
  • Monitor and evaluate employee performance.
  • Perform other duties as needed.

Qualifications – Must Have

  • 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.
  • Qualifications – Preferred

  • Supervisory experience.
  • Compensation

    Annual base salary range : $97,880 – $213,030. Total compensation includes base salary, performance-based bonus opportunities, 401(k) match, profit-sharing opportunities, and more. Actual salaries vary based on qualifications, skills, competencies and geographic location.

    Benefits

  • 26 PTO Days (Entry Level) + 12 Company Holidays = 38 Paid Days Off.
  • 7% 401(k) Company Match and additional Profit Sharing.
  • Hybrid work environment.
  • Numerous training and development opportunities.
  • Healthcare and Wellness Programs.
  • Opportunity to earn performance-based bonuses.
  • College Loan Assistance Support Plan.
  • Educational Assistance Program.
  • Mentorship Program.
  • Dress for Your Day Policy.
  • EEO 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.

    Additional Resources

    To view details of our full benefits, please visit IAT Insurance Group Benefits

    Company Overview

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

    Culture & Commitment

    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.

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    Senior Counsel • Naperville, IL, US

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