Senior Surety Claims Lead — Strategy & Recoveries

Munich Re Specialty - North America; Princeton (NJ); On-site; USD 120,000 - 170,000; Full time

Benefits offered by this job

Health insurance coverage

Wellness program

Life and disability insurance

401k match

Retirement savings plan

Paid holidays and PTO

Tuition assistance and educational and

volunteer time off

Job summary

Munich Re Specialty - North America is seeking a Senior Claims Specialist - Surety to lead in-house handling of Performance and Payment Bond claims. You will direct adjustments, coordinate with counsel and vendors, and drive optimal resolutions while assessing coverage and managing investigations.

Travel up to 25% will be required as part of the role. The role requires 8+ years in surety matters, a Bachelor’s degree, and ideally a JD.

Qualifications

• Bachelor’s degree required; JD a plus.
• 8+ years of experience handling surety matters.
• Detail-oriented, adaptable, and strategic in decision-making.
• Strong organizational and time management skills.
• Willingness to travel up to 25%.
• Maintain valid adjuster licenses in states assigned or the ability to obtain them.

Responsibilities

• Thorough investigation and assessment of claims against surety bonds for coverage, damages, and recoveries.
• In-depth understanding of coverage issues, bond forms, contracts, regulatory requirements, and changing legal landscape for Performance Bonds and Payment Bonds.
• Proactive and prompt management of claims, with strategic vision for optimal outcomes.
• Continual evaluation of claims to set appropriate reserves over the life of the claim.
• Coordinate and manage outside counsel and vendors to obtain optimal outcomes.
• Present high exposure claims to Claims Leadership and stakeholders.
• Collaborate with internal and external partners for client meetings, product development, and account audits.
• Innovate to improve claim efficiencies and outcomes.

Skills

Surety claims

Negotiation skills

Analytical thinking

Verbal and written communication

Education

Bachelor’s degree

JD

Job description

Munich Re Specialty - North America is seeking a Senior Claims Specialist - Surety to lead in-house handling of Performance and Payment Bond claims. You will direct adjustments, coordinate with counsel and vendors, and drive optimal resolutions while assessing coverage and managing investigations.

Travel up to 25% will be required as part of the role. The role requires 8+ years in surety matters, a Bachelor’s degree, and ideally a JD.