Senior Surety Claims Counsel

IAT Insurance Group; Plano (TX); Hybrid; USD 98,000 - 213,000; Full time

Benefits offered by this job

Hybrid work environment

PTO + holidays

401(k) company match

Profit sharing

Educational assistance

Mentorship program

Dress for Your Day Policy

Job summary

IAT Insurance Group is seeking a Senior Surety Claims Counsel who can report to any IAT office location. The role involves reviewing, investigating, resolving, and negotiating bond claims across various surety products.

A JD with 7+ years of relevant experience is required, plus license or ability to obtain an insurance adjuster license in assigned regions. The position offers a hybrid work arrangement from IAT offices with potential remote days and the possibility of fully remote arrangements

Qualifications

• JD required with 7+ years of surety claims and/or construction law experience.
• Licensed insurance adjuster or ability to obtain license as needed in assigned regions or reciprocity.
• Authorized to work in the United States without visa sponsorship.

Responsibilities

• Review, investigate, resolve, and negotiate performance bond defaults, payment bond claims, subdivision and commercial bond claims.
• Draft and negotiate documents such as Surety Takeover and Completion Agreements, reports and analyses.
• Collaborate with underwriters and manage outside counsel and consultants’ bills for approval.
• Review work in progress schedules and costs to complete; monitor accounts payable/receivable.
• Supervise outside counsel, recommend reserves and manage litigation and salvage actions.
• Provide staff development, training, and evaluation to achieve objectives.
• Travel as needed across assigned regions.

Skills

Negotiation

Legal analysis

Travel willingness

Authorized to work in US

Education

Juris Doctor (JD)

Job description

IAT Insurance Group has an immediate opening for a Senior Surety Claims Counsel that can report to any IAT office location. This role reports to the VP, Claims Counsel and works closely with the SVP, Chief Legal Officer as well. The Senior Surety Claims Counsel is responsible for reviewing, investigating, resolving, and negotiating performance bond defaults, payment bond claims, subdivision, and commercial bond claims.

This role works a hybrid schedule from any IAT Office Monday through Wednesday, with the option of working Thursday and Friday remotely.

While we prefer candidates to work from one of our IAT office locations, we are open to considering fully remote arrangements for the ideal candidate.

Responsibilities

• Interacts with attorneys for claimants and owners, as well as field management staff to resolve complex claims issues and ensure cost effective solutions.
• Drafts and negotiates the necessary documents for each situation, such as Surety Takeover and/or Completion Agreements, correspondence, reports and Exposure Analyses.
• Collaborates closely with underwriters in assigned regions.
• Reviews and analyzes work in progress schedules, costs to complete, accounts payable and receivable ledgers.
• Supervises work of outside counsel and consultants’ bills before submitting for approval
• Recommends reserves.
• Manages litigation and salvage recovery actions.
• Analyzes payment bond claims and makes recommendations regarding payment.
• Select, develop, motivate and train staff to achieve objectives.
• Monitors and evaluates employee performance.
• Other job-related duties as required.

Qualifications

Must Have:

• JD with 7+ years of relevant Surety Claims and/or Construction Law experience.
• Licensed insurance adjuster 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.
• To qualify, all applicants must be authorized to work in the United States and must not require VISA sponsorship, now or in the future, for employment purposes.

Preferred To Have

• Supervisory experience

Compensation

Please note, that the annual gross salary range associated with this posting is $97,880 – $213,030. The total compensation will include a base salary, performance-based bonus opportunities, 401(K) match, profit-sharing opportunities, and more. Actual salaries will vary based on factors such as a candidate's qualifications, skills, competencies, and geographical location related to this specific role.

To view details of our full benefits, please visit https://www.iatinsurancegroup.com/careers/benefits

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.

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.

We Offer Comprehensive Benefits Like

• 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 to assist you in furthering your career
• 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

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.