Senior Surety Claims Strategist

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

Benefits offered by this job

Health insurance coverage

Employee wellness program

Life and disability insurance

401k match

Retirement savings plan

Paid holidays and PTO

Job summary

Munich Re Specialty - North America is seeking a Senior Claims Specialist - Surety to direct in-house handling of Performance and Payment Bonds. You will manage investigations, coverage determinations, and recoveries, coordinating with counsel, experts, and vendors to drive optimal outcomes.

You will analyze coverage, manage investigations, and communicate with internal and external stakeholders, pursuing recoveries and risk transfer where warranted.

Qualifications

• Bachelor’s degree required; JD a plus.
• 8 years+ experience in handling surety matters.
• Detail‑oriented, adaptable, and strategic in decision‑making.
• Understanding of technical claims proficiency and execution of best claim practices.
• Ability to work independently, multi‑task, and remain self‑motivated in a fast‑paced environment.
• Strong organizational skills and time management of claims desk.
• Strong business acumen and ability to collaborate with other departments and vendors.
• Customer‑service and relationship oriented.
• Innovative, dynamic and growth mindset.
• Good verbal and writing skills for internal and external communication, presentations and reporting.
• Good analytical thinking, advocacy and negotiation skills.
• Willingness to travel for mediations, settlement conferences, and client or account meetings. (25%)
• Maintain valid adjusters’ license(s) in states assigned or an ability to obtain same.

Responsibilities

• Thorough investigation and assessment of claims against surety bonds for coverage, damages, and pursuit of recoveries and subrogation/contribution opportunities.
• 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, considering all aspects with a strategic vision for optimal claim outcome.
• Continual evaluation of claim to set appropriate, timely reserves over the life of the claim to reflect changes in exposure.
• Demonstrate strong technical claims proficiency through consistent execution of best claim practices.
• Strategically coordinate and manage outside counsel and vendors to obtain optimal claim outcome.
• Present high exposure claims to Claims Leadership and Key Stakeholders.
• Collaborate with internal and external business partners for client meetings, product development and improvement, and account audits.
• Innovative mindset - looks for ways to improve claim efficiencies and outcomes.

Skills

Detail-oriented

Independent work

Time management

Communication

Analytical thinking

Negotiation

Adaptability

Collaboration

Education

Bachelor’s degree

JD

Job description

Munich Re Specialty - North America is seeking a Senior Claims Specialist - Surety to direct in-house handling of Performance and Payment Bonds. You will manage investigations, coverage determinations, and recoveries, coordinating with counsel, experts, and vendors to drive optimal outcomes.

You will analyze coverage, manage investigations, and communicate with internal and external stakeholders, pursuing recoveries and risk transfer where warranted.