Senior Surety Claims Strategist

Munich Reinsurance America, Inc; Chicago (IL); On-site; USD 120,000 - 170,000; Full time

Benefits offered by this job

Health insurance

Wellness program

Life and disability insurance

401k match

Paid holidays and PTO

Annual bonus

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 investigation, coverage analysis, reserves, and coordination with counsel, experts, and vendors to drive optimal outcomes.

As part of the Claims Department, you will manage recoveries, negotiate with stakeholders, and support product development and audits across engaged partners, travel up to 25% of time, with strong analytical and

Qualifications

• Bachelor's degree required; JD a plus.
• 8+ years of experience in handling surety matters.
• Willingness to travel up to 25%.
• Maintain adjuster licenses in assigned states.
• Strong communication and analytical skills.

Responsibilities

• Investigate and assess claims against surety bonds.
• Understand coverage issues and bond forms.
• Manage claim investigation and reserves.
• Coordinate outside counsel and vendors.
• Present high exposure claims to leadership.
• Collaborate with internal and external partners on audits.
• Drive recoveries and risk transfer when warranted.

Skills

Detail-oriented

Multi-tasking

Organizational skills

Analytical thinking

Negotiation skills

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 investigation, coverage analysis, reserves, and coordination with counsel, experts, and vendors to drive optimal outcomes.

As part of the Claims Department, you will manage recoveries, negotiate with stakeholders, and support product development and audits across engaged partners, travel up to 25% of time, with strong analytical and