Senior Surety Claims Counsel

AmTrust Financial Services Inc.; Northern (KY); Hybrid; USD 120,000 - 180,000; Full time

Benefits offered by this job

Medical & Dental Plans

Life Insurance

401k Savings Plans

Paid Time Off

Job summary

AmTrust Financial Services seeks an experienced claims leader to handle contract and commercial surety claims across multiple jurisdictions. You will independently investigate, analyze, and process complex matters, guide outside counsel, and drive process improvements to optimize outcomes.

You will provide legal and transactional support, pursue subrogation, and mentor underwriting teams on key issues affecting surety bonds and claims. A law degree and U.S.

Qualifications

• Law degree with an undergraduate degree in Engineering, Accounting, Business, or Finance preferred.
• Properly licensed to handle surety claims within the U.S.
• Minimum of 10 years’ experience in Insurance industry with a focus on Surety
• Working knowledge of profit/loss management and reserving
• Demonstrated leadership to interact collaboratively and work effectively with a multi-functional team

Responsibilities

• Independently investigate, research, analyze, and process complex claims on contract and commercial surety bonds in multiple jurisdictions in a timely, thorough, and professional manner.
• Assist in the creation or modification of surety claim and/or underwriting forms, letters, and other documents as requested.
• Direct, monitor and assist outside counsel in negotiating and resolving claims to effectuate best possible claim outcomes.
• Assist in the establishment and improvement of existing processes.
• Providing legal advice and transactional support.
• Pursue salvage and subrogation to mitigate losses and improve overall results for Surety.
• Responsible for reviewing, modifying, and preparing Takeover Agreements, Financing Agreements, Subordination Agreements, Ratification Agreements, and other applicable agreements necessary to achieve optimal results.
• Provides direction and management of outside consultants through defining clear scopes of work and the development of strategies to mitigate exposure.
• Ensures claims are investigated, negotiated, and resolved in a proactive, cost effective and creative manner.
• Provide education and training to surety underwriting (and other selected company staff) on key legal issues involving surety bonds and claims, including “lessons learned” from past surety claim experiences and outcomes.
• Generates well-formed ideas; drives change across the business unit by partnership with other senior leaders to promote the benefits and leading implementation work streams across the organization.
• Maintains current knowledge of related laws and regulations related to the handling of Surety claims.
• Persuades and influences people by presenting a strong case; explains things clearly, challenges ideas effectively and argues in favor of own point of view.
• Ability to synthesize and draw conclusions from large amounts of data, translating the data into actions and results.
• Performs other functionally related duties as assigned.

Skills

Advanced analytical skills

Leadership

Strong communication

Data synthesis

Education

Law degree

Undergraduate in Engineering/Accounting/Business/Finance preferred

Tools

Claims management systems

Microsoft Office

Job description

AmTrust Financial Services seeks an experienced claims leader to handle contract and commercial surety claims across multiple jurisdictions. You will independently investigate, analyze, and process complex matters, guide outside counsel, and drive process improvements to optimize outcomes.

You will provide legal and transactional support, pursue subrogation, and mentor underwriting teams on key issues affecting surety bonds and claims. A law degree and U.S.