AmTrust Financial Services

Surety Claims Counsel

AmTrust Financial Services$110K — $130K *
US-AnywhereRemote in United States
Legal & Accounting
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Law degree with undergrad in Engineering, Accounting, Business, or Finance preferred.
  • Properly licensed to handle surety claims within the U.S.
  • Minimum of 10 years of experience in the insurance industry focusing on Surety.
  • Working knowledge of profit/loss management and reserving.
  • Demonstrated leadership and collaboration across multi-functional teams.
  • Advanced analytical and superior claim resolution skills, including critical thinking.
  • Strong verbal and written communication skills, with experience in presentations to senior leadership.

Responsibilities

  • Investigate, analyze, and process complex surety claims independently.
  • Assist in the creation or modification of surety documentation as needed.
  • Direct and support outside counsel in negotiating claims for optimal outcomes.
  • Improve existing processes related to surety claims handling.
  • Provide legal advice and transactional support for Surety matters.
  • Pursue salvage and subrogation to minimize losses and enhance results.
  • Oversee preparation of various agreements necessary for claims resolution.

Benefits

  • Medical & Dental Plans
  • Life Insurance for employees, spouses, and children
  • Health Care Flexible Spending Accounts
  • Dependent Care Flexible Spending Accounts
  • 401k Savings Plans
  • Paid Time Off
Full Job Description
Overview

Provides effective claims handling, serving as decision maker on the more complex contract and commercial Surety matters and multi-project defaults. Works with head of Surety claim in establishing priorities, driving change, ensuring results, and impacting employee engagement.

 

Responsibilities
  • Independently investigate, research, analyze, and process complex claims on contract and commercial surety bonds in multiple jurisdictions in a timely, thorough, and professional manner.
  • Assist in the creation or modification of surety claim and/or underwriting forms, letters, and other documents as requested.
  • Direct, monitor and assist outside counsel in negotiating and resolving claims to effectuate best possible claim outcomes.
  • Assist in the establishment and improvement of existing processes.
  • Providing legal advice and transactional support.
  • Pursue salvage and subrogation to mitigate losses and improve overall results for Surety.
  • Responsible for reviewing, modifying, and preparing Takeover Agreements, Financing Agreements, Subordination Agreements, Ratification Agreements, and other applicable agreements necessary to achieve optimal results.
  • Provides direction and management of outside consultants through defining clear scopes of work and the development of strategies to mitigate exposure.
  • Ensures claims are investigated, negotiated, and resolved in a proactive, cost effective and creative manner.
  • Provide education and training to surety underwriting (and other selected company staff) on key legal issues involving surety bonds and claims, including “lessons learned” from past surety claim experiences and outcomes.
  • Generates well-formed ideas; drives change across the business unit by partnership with other senior leaders to promote the benefits and leading implementation work streams across the organization.
  • Maintains current knowledge of related laws and regulations related to the handling of Surety claims.
  • Persuades and influences people by presenting a strong case; explains things clearly, challenges ideas effectively and argues in favor of own point of view.
  • Ability to synthesize and draw conclusions from large amounts of data, translating the data into actions and results.
  • Performs other functionally related duties as assigned.
Qualifications
  • Law degree with an undergraduate degree in Engineering, Accounting, Business, or Finance preferred.
  • Properly licensed to handle surety claims within the U.S.
  • Minimum of 10 years’ experience in Insurance industry with a focus on Surety
  • Working knowledge of profit/loss management and reserving
  • Demonstrated leadership to interact collaboratively and work effectively with a multi-functional team and throughout the organization; fosters an environment of shared responsibility and accountability.
  • Advanced analytical skills
  • Superior, demonstrated claim resolution skills, including critical thinking, and business acumen.
  • Strong verbal and written communication skills; ability to prepare presentation documents and present to senior leadership.
  • Experience with Claims management systems and advanced computer skills to include Microsoft products.
  • Proven ability to manage organizational change, to involve and influence others to accept new ideas or innovative approaches, to lead in a team-based organization.
  • Embraces changes; invites feedback related to performance and deals constructively with criticism.
  • Demonstrated drive and ambition to achieve goals and outstanding results.
  • Emotionally intelligent and self-aware.

This job description is designed to provide a general overview of the requirements of the job and does not entail a comprehensive listing of all activities, duties, or responsibilities that will be required in this position. AmTrust has the right to revise this job description at any time.

What We Offer

AmTrust Financial Services offers a competitive compensation package and excellent career advancement opportunities. Our benefits include: Medical & Dental Plans, Life Insurance, including eligible spouses & children, Health Care Flexible Spending, Dependent Care, 401k Savings Plans, Paid Time Off.

 

About AmTrust Financial Services

AmTrust Financial Services, Inc. is a multinational property and casualty insurance company. The company provides coverage for small businesses, workers' compensation insurance, extended warranty coverage, specialty risk and extended warranty coverage, and other insurance products. AmTrust Financial Services, Inc. was founded in 1998 and is headquartered in New York City. The company is publicly traded on the NASDAQ stock exchange under the ticker symbol AFSI.
Learn more about AmTrust Financial Services
Size
8,000 employees
Industry
Founded
1998

Similar Jobs

More Jobs at AmTrust Financial Services

More Legal & Accounting Jobs

Find similar Surety Claims Counsel jobs: