Assistant Vice President- Surety Claims

Description

Old Republic Surety Company (ORSC) is currently seeking an Assistant Vice President-Claims to join its Claims Team on the West Coast.

Working closely with the Vice President - Surety Claims, the Assistant Vice President - Surety Claims plays an integral role in the collaboration and design of policies and procedures within the Claims department to achieve quality claims handling results while ensuring compliance with company procedures.

The Assistant Vice President - Surety Claims also handles assigned claims and provides leadership and technical guidance to departmental staff.

DUTIES AND RESPONSIBILITIES :

Supervise direct reports, make recommendations for performance management and disciplinary action. Train subordinates to achieve goals.

Contribute to the new employee selection process.

• Set authority levels of direct reports.
• Execute resolution of assigned claims by achieving equitable claim service on a timely basis, setting and maintaining appropriate reserves, and pursuing salvage and / or taking any steps necessary to minimize losses or preserve assets for recovery.
• Negotiate and settle claims with a higher complexity level within authority limits. Control allocated Loss Adjustment Expenses.
• In the event of travel or other absence, back up Vice President - Surety Claims with respect to claim assignments and inquiries from other departments.
• Consult with Vice President - Surety Claims on development and execution of department initiatives.
• File necessary fraud reports to ensure compliance with various state regulations and filing requirements. Serve as SIU Coordinator and create annual training materials.
• Attend various industry association meetings on behalf of the company.
• Other duties as assigned.

QUALIFICATIONS :

This position requires a Bachelor's Degree and a minimum of ten years of Surety Claims experience, including prior management experience, or an equivalent combination of education and experience.

Working as an Assistant Vice President-Surety Claims requires one to work independently and effectively within a fast-paced environment.

Proficiency with Microsoft (MS) Windows and Office products is necessary. Other skills necessary include excellent oral and written communication skills, strong organizational and accurate proofreading skills, the ability to maintain accurate records, the ability to exercise discretion with confidential information, strong attention to detail, and the ability to use a variety of office equipment.

PHYSICAL AND ENVIRONMENTAL DEMANDS : This position requires one to sit for extended periods of time and stand and / or walk occasionally.

The position requires one to occasionally push, pull, carry, and / or lift up to 10 pounds. No personal protective equipment is required.

Ergonomic equipment is available to employees. WHO ARE WE?

Old Republic Surety Company underwrites contract, fidelity, and commercial bonds, serviced through a network of more than 4,500 independent insurance agencies.

Solutions provided include bid bonds, performance and payment bonds, and maintenance bonds for large, middle market and smaller growing contractors.

ORSC consistently offers superior service and creative underwriting options in all 50 states.

ORSC partners with hard-working contractors and agents, supporting them with innovative and sometimes out-of-the-ordinary surety solutions.

These long-term relationships endure because ORSC is a reliable surety advisor. It is committed to helping contractors achieve their goals by sharing expertise to analyze risk and recommend solutions that benefit all parties.

WHY OLD REPUBLIC SURETY COMPANY?

Old Republic Surety Company offers numerous opportunities for our employees to grow and prosper. We have a culture of growth from within and we support our employees' pursuits in advancing their careers.

We offer this in an open-door, collaborative workplace that encourages and rewards both teamwork and individual contributions.

We want bright, passionate individuals who share our values and quest for success. To learn more about our company culture and our outstanding benefits, please visit our website and watch this video.

COMPANY BENEFITS

Financial :

• Competitive salary - $150k-$175k commensurate with experience
• Lucrative annual bonus based upon performance
• 401k Savings & Profit-Sharing Plan, including company match contribution
• Roth investment options
• 529 Education Savings Plan
• Employee Referral Bonus Program

Health :

• Health Insurance
• Dental Insurance
• Flexible Spending & Health Savings Account options
• Life Insurance
• Vision Insurance
• Supplement Life Insurance
• Long-Term Disability Insurance
• Paid Leave of Absence Benefits
• Accident & Critical Illness Insurance
• Pet Insurance

Work-Life Balance :

• 38.75 hour standard work week
• Casual business attire
• Generous paid time-off (PTO)
• Paid holidays
• Volunteer opportunities
• Company-sponsored events and outings

Interested? Click 'apply' and follow some very simple steps to get your resume in front of the Talent Acquisition Team.

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Old Republic Surety Company is an Equal Opportunity Employer and is committed to maintaining a diverse workplace.