Sr. Claims Specialist This position reports to the AVP of Surety Claims. The successful candidate will be able to provide insight and analysis on a variety of surety bond claims.

Duties and Responsibilities

• Handle Surety claims and related systems and processes.
• Evaluate exposures and make substantive claim decisions for Surety claims.
• Proven ability to provide coverage, liability and damages analysis for Surety claims.
• Ability to proactively identify trends and exposures that may affect the Surety portfolio.
• Ensure timely and accurate reporting of exposure to underwriting and management.
• Ensure appropriate narrative and arithmetic reports are timely prepared and disseminated.

Skills and Qualifications

• Bachelor’s Degree Required. JD preferred but not required.
• Minimum 7 plus years’ experience required in surety bond claims handling with a career history of increasing responsibility.
• Strong preference for candidate who has pursued or is in the process of pursuing an insurance related designation (e.g. RPLU, CPCU IIA).
• Direct handling of a wide variety of surety bond exposure claims, including but not limited to contract, payment & performance, sub-division, license & permit, oil & gas, reclamation and other commercial program bonds with an emphasis on evaluating, handling, negotiating and settling litigated and non-litigated matters with typical exposures from $0 to $1,000,000 USD.
• Demonstrated ability to establish close working relationship with other departments including underwriting & actuarial.
• Strong negotiating, analytical, written and organizational skills.
• Strong computer skills (MS Word, Excel, Outlook and various in-house claims systems –Guidewire and ImageRight is a plus).
• Multiple state adjuster licenses a plus.

Details