AVP, Claims

Berkley Surety (a Berkley Company); Chicago (IL); Presencial; USD 150 000 - 175 000; Tempo integral

Resumo da oferta

Berkley Surety, a Berkley Company, is a professional surety underwriting management firm providing a full spectrum of bonds for contract, environmental, and commercial surety accounts through multiple channels in the United States and Canada.

The role focuses on prompt resolution of claims, supervision and coaching of team members, and collaboration with underwriting to assess risks and drive favorable outcomes for the company and its agents.

Qualificações

• Minimum 10 years experience in the surety, legal or construction business with at least nine years of progressively increasing responsibility in handling surety or commercial construction claims.
• Strong knowledge of complex contract and commercial surety claims and ability to think strategically and practically across jurisdictions.
• Licensing requirements (CE/CLE) and ability to supervise and mentor staff

Responsabilidades

• Resolve claims promptly to minimize exposure and maximize recoveries.
• Review bond coverage and assess positions with bond terms and applicable law.
• Independently investigate claims, assessing claimant and principal positions.
• Set and maintain reserves in consultation with management.
• Develop and execute strategies for resolution to mitigate losses.
• Mentor junior staff and assist with department administration and reporting.
• Assist underwriting with technical claims input as needed.

Conhecimentos

Claims knowledge

Independent management

Negotiation skills

Mentoring leadership

Communication skills

Formação académica

JD preferred

MBA or CPCU preferred

Ferramentas

Microsoft Word

Microsoft Excel

PowerPoint

Descrição da oferta de emprego

Company Details

Berkley Surety is a highly professional, service-oriented surety underwriting management company, providing a full spectrum of bonds for contract, environmental, and commercial surety accounts through multiple distribution channels in both the United States and Canada. We write on behalf of W. R. Berkley Corporation member company Berkley Insurance Company, which has an A.M. Best rating of A+ (Superior). We pride ourselves on building strong relationships with our agents. We highly value the insight and expertise our agency partners bring to the table which helps us provide timely and predictable surety solutions.

Company URL: www.berkleysurety.com

Responsibilities

Achieves prompt and efficient resolution of all claims in order to minimize exposure or loss and maximize recoveries to the Company. Supports the professional development of other claims department team members through supervision, mentoring or coaching.

• Reviews and understands surety bond coverage in light of bond terms and applicable law and accurately assesses the surety’s position with regard to the claim.


• Independently investigates the claim including assessing the claimant’s and principal’s positions.


• Sets and maintains timely and accurate reserves in consultation with management.


• Develops and executes effective strategies for resolution of claims to mitigate the surety’s losses.


• Preserves, protects and maximizes the surety’s salvage and subrogation opportunities;


• Supports a \"no surprises\" culture of openness and transparency by providing timely, accurate, current and ongoing analysis, information and reports as to claims status to management.


• Assists Head of Claims or directly supervises the professional development of junior employees through supervision, mentoring and coaching.


• Assists the Head of Claims with department administration and preparing information, reports and presentations to senior management.


• Assists underwriting as may be requested by providing technical claims expertise in assessing risks and exposures; and


• Performs other duties as assigned.

Qualifications

Education Requirement

• Minimum 4-year degree -- JD, MBA or CPCU is preferred and for a JD, admission to practice law in at least one state is desirable.


• A minimum of Ten years of experience in the surety, legal or construction business with at least nine years of progressively increasing responsibility in handling surety or commercial construction claims and/or construction project completions.

Qualifications: Include necessary skills/experience and core competencies required

• Superior knowledge of complex contract and commercial surety claims (e.g. non-routine claims, multiple parties with competing claims, litigation in multiple jurisdictions) and ability to think both strategically and practically (in considering factors such as jurisdictional environment, internal and external bond relationships in order to support claims team in developing strategies to achieve the desired claims resolution.


• Ability to take the initiative, assume ownership, and independently manage all aspects of low to high complexity surety or construction claims with minimal supervision, including effectively directing and supervising outside legal counsel and consultants.


• Ability to effectively and positively supervise, coach or mentor others to achieve consistently improving professional and technical knowledge, skills and abilities in surety claims handling.


• Advanced skills in Microsoft Word, Excel and PowerPoint with ability to quickly master BSG in-house systems.


• Maintains state, law or professional adjuster licenses as directed including complying with all CE/CLE requirements.


• Expert negotiation skills.


• Expert interpersonal, written and oral communication skills


• Expert understanding of and familiarity with both traditional litigation and the Alternative Dispute Resolution (ADR) processes is preferred.


• The Company is an equal employment opportunity employer.

Additional Company Details

We do not accept unsolicited resumes from third party recruiting agencies or firms.

The company offers a competitive compensation plan and robust benefits package for full time regular employees including:

• Base Salary Range: $150-$175k


• Eligible to participate in annual discretionary bonus


• Benefits include: Health, dental, vision, dental, life, disability, wellness, paid time off, 401(k) and profit-sharing plans

The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment.

Sponsorship Details

Sponsorship not Offered for this Role