Surety Claims Counsel

IAT Insurance Group has an immediate need for a Surety Claims Counsel that can be located at any IAT location. For the ideal person, there is an option to work remote. This role reports to the VP, Claims Counsel and works closely with the SVP, Legal, as well. The 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.

Responsibilities

• Interacts with attorneys, claimants, owners and other parties, as well as field management staff to resolve claims issues and ensure cost effective solutions.
• Drafts and negotiates the necessary documents for each situation, such as Surety Takeover and/or Completion Agreements, settlement agreements, releases 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.
• Maintains awareness and knowledge of developments in statutes, regulations, and caselaw in assigned regions.
• Monitors and evaluates employee performance.
• Other job-related duties as required.
  
  

Qualifications

Must Have:

• JD with 4 years of relevant Surety Claims and/or or Construction Law experience.
• Licensed insurance adjuster or ability to obtain insurance adjuster license in assigned regions or license with reciprocity to assigned regions.
• Ability to travel as needed.
• To qualify, all applicants must be authorized to work in the United States and must not require, now or in the future, VISA sponsorship for employment purposes.
  
  

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.

Compensation

Please note, that the annual gross salary range associated with this posting is $82,960 – $180,450. This range represents the anticipated low and high end of the base salary for this position. 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.