FCCI Mutual Insurance Holding Company

Surety Claim Specialist

Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 5-7 years of experience in surety claims or related field
  • Strong analytical skills for evaluating complex claims
  • Proficient in interpreting bond forms and construction contracts
  • Excellent communication skills for stakeholder interaction
  • Ability to travel on short notice for site investigations
  • Familiarity with multi-state jurisdiction regulations

Responsibilities

  • Investigates complex claims including analysis, settlement, and denials under company standards
  • Solicits facts from stakeholders and analyzes claim submissions effectively
  • Responds quickly to urgent performance bond demands, often requiring travel
  • Engages outside counsel for investigation support as needed
  • Reports comprehensively on claims status to stakeholders
  • Consults underwriting staff on bond forms and indemnity agreements
  • Mentors and supports team members in the surety and claims unit

Benefits

  • Flexible Work Environment
  • Paid Family Leave
  • Competitive PTO & Holidays
  • Recognition & Bonus Programs
  • Medical, Vision, Dental & Life Insurance
  • Employee Referral Bonus
  • Paid Volunteer Time
  • 401(k) Match & Profit-Sharing
Full Job Description
The Surety Claim Specialist will independently conduct due diligence, evaluate exposure, and represent Surety's interests with adverse parties and proactively respond to the most complex demands against contract and commercial surety bonds. Key responsibilities include: - Investigates the most complex claims including initial investigation, analysis, settlement, and when applicable, denial of a claim submission from a multi-state jurisdiction within authority limits, time standards and company best practices. - Actively solicits facts from all stakeholders, analyze bond forms and construction contracts, reviews applicable statutes, and analyzes claim submissions involving commercial and contract surety bonds. Interprets coverage, setting reserves, and when appropriate tender of settlement. Employ direct, hands-on strategies to mitigate loss, with an early focus on indemnity issues and recovery. - Responds urgently to performance bond related demands that require sudden travel to claim site. - Retains and seeks advice of outside counsel or consultants to supplement investigation before responding to a demand against a bond, as needed. - Responsible for comprehensive reporting on the status of claims to all stakeholders. This includes the preparation and presentation of reports and summaries to claims management staff as well as FCCI agents and reinsurer. - Consults with underwriting staff on potential new and existing accounts related to bond forms, contract requirements, indemnity and collateral agreements. - Serves as a resource and/or mentor for others within the surety and claims unit. - Secures a visibility with the regions through visits to the office and educational presentations. This position can be located at our corporate office in Sarasota, FL or one of our regional offices or remote within our territory. In exchange for your talents, FCCI offers competitive salaries and an excellent benefits package which includes: - Flexible Work Environment - Paid Family Leave - Competitive PTO & Holidays - Recognition & Bonus Programs - Medical, Vision, Dental & Life Insurance - Employee Referral Bonus - Paid Volunteer Time - 401(k) Match & Profit-Sharing The salary range for this position is $102,357-$157,629 annually. This salary range is an estimate and the actual salary will vary based on applicant's education, experience, knowledge, skills, and abilities. Please apply via our website at www.fcci-group.com.

About FCCI Mutual Insurance Holding Company

FCCI Mutual Insurance Holding Company is a holding company that provides commercial property and casualty insurance services. The company offers insurance products for businesses, including workers' compensation, general liability, commercial auto, and property insurance. FCCI Mutual Insurance Holding Company operates through its subsidiaries, which include FCCI Insurance Group, Monarch National Insurance Company, and American Mining Insurance Company. The company was founded in 1959 and is headquartered in Sarasota, Florida.
Learn more about FCCI Mutual Insurance Holding Company
Size
2,000 employees
Industry
Net Income
$50 million
5 Year Trend
+5%
Revenue
$1 billion

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