Associate Claims Attorney/Claims Attorney - Bond Division

Summit Consulting; Cincinnati (OH); On-site; USD 110,000 - 150,000; Full time

Benefits offered by this job

Medical, dental, and vision coverage

Wellness programs

Parental leave and adoption assistance

Tuition reimbursement

401(k) with company match

Commuter benefits

Paid time off and paid holidays

Job summary

Great American Insurance Group is seeking an Associate Claims Attorney/Claims Attorney for its Bond Division in Cincinnati, OH. The role focuses on investigating, evaluating, and adjusting surety bond claims with opportunities to manage outside counsel and litigation when needed.

The position requires a JD and admission to a state bar, with 3+ years of related experience and knowledge of construction or accounting processes as a plus.

Qualifications

• JD required.
• Bar admission to state preferred.
• Field of Study: Law.
• Experience: generally 3+ years in related area.
• Knowledge of construction or accounting processes is a plus.

Responsibilities

• Investigates, evaluates and adjusts surety bond claims.
• Reviews and evaluates coverage and/or liability.
• Secures information and positions to investigate claims.
• Directs approved consultants and outside counsel for investigations.
• Manages litigation process for claims that go to litigation.
• Maintains loss reserves and cost controls; monitors outside counsel.
• Coordinates recovery efforts when applicable.
• Ensures timely and accurate claims payments.
• Ensures compliance with state and company procedures.

Education

Juris Doctor (JD)

Job description

## Associate Claims Attorney/Claims Attorney - Bond DivisionApplylocations: Cincinnati, OH (USA)time type: Full timeposted on: Posted Todayjob requisition id: R9299**Be Here. Be Great.** Working for a leader in the insurance industry means opportunity for you. Great American Insurance Group's member companies are subsidiaries of American Financial Group. We combine a "small company" culture where your ideas will be heard with "big company" expertise to help you succeed. With over 30 specialty and property and casualty operations, there are always opportunities here to learn and grow.At Great American, we value and recognize the benefits derived when people with different backgrounds and experiences work together to achieve business results. Our goal is to create a workplace where all employees feel included, empowered, and enabled to perform at their best.This position is not eligible for employment visa sponsorship. Applicants must be authorized to work in the United States without the need for current or future sponsorship.Great American entered the Surety market 100 years ago, bringing a history of strong performance, secure resources and a broad appetite for business opportunity to this important industry segment.Agents and customers rely on the expert underwriting, solid financial strength, market leadership and personal service they receive from the Bond Division. With a highly diverse product line that includes both Commercial and Contract solutions, the division is one of the leading surety companies in the United States with loss results that are well below the industry average.While the Division continues to be one of the largest writers of Contract bonding, they are also a leading provider of Commercial Surety bonds with an emphasis on Miscellaneous, License & Permit, Court, Fiduciary and Public Official bonds.The Surety Bond Claims team is currently in search of an Associate Claims Attorney/Claims Attorney to join our team in Cincinnati, OH. This position will be based in our Cincinnati office. Prior surety bond claim handling is not required. A successful candidate must have a sense of urgency to resolve claims as well as possessing organizational skills to manage and prioritize assigned claims.**Essential Job Functions and Responsibilities*** Investigates, evaluates and adjusts surety bond claims. + Reviews and evaluates coverage and/or liability. + Secure all necessary information and parties’ positions to investigate assigned claims. + Retains and directs approved consultants and outside counsel to assist in the investigation of claims. Manage litigation process for claims that result in litigation. Responsible for maintaining cost controls and overseeing the work of outside counsel. + Determines available avenues of recovery and their cost-effectiveness; coordinates approved recovery effort. + Establishes and maintains timely and accurate loss reserves. + Prepares periodic reports and financial evaluations.* Affects settlements/reserves within prescribed limits and submits recommendations to supervisor on cases exceeding personal authority.* Ensures that claims payments are issued in a timely and accurate manner.* Ensures compliance with claims handling pursuant to all state, legal, statutory, and regulatory bodies to comply with all company procedures and requirements.* Performs other duties as assigned.**Job Requirements*** Education: JD required. Admission to a state bar is preferred.* Field of Study: Law.* Experience: Generally, 3+ years of related experience.* Knowledge of construction or accounting processes is a plus.**Business Unit:**Bond**Benefits:**We offer competitive benefits packages for full-time and part-time employees\*. Full-time employees have access to medical, dental, and vision coverage, wellness plans, parental leave, adoption assistance, and tuition reimbursement. Full-time and eligible part-time employees also enjoy Paid Time Off and paid holidays, a 401(k) plan with company match, an employee stock purchase plan, and commuter benefits. Compensation varies by role, level, and location and is influenced by skills, experience, and business needs. Your recruiter will provide details about benefits and specific compensation ranges during the hiring process. Learn more at http://www.gaig.com/careers. **\*Excludes seasonal employees and interns.**### About UsGreat American Insurance Group understands the importance of choosing a financially strong company. We are an organization built for the long term and are committed to giving you that strength.Why can you trust Great American Insurance Group?For nearly 150 years, Americans have trusted us to protect them. Our innovative insurance solutions and specialization serves niche marketplaces that we know well. This expertise gives us a successful foundation that spans generations.You never know where a career in insurance will take you. Whether you are starting your career or are looking for a company to grow your experience, at Great American Insurance Group, you can join our more than 8,500 employees to “Be Here. Be GREAT!”