Liberty Mutual

Surety Engineer II

Liberty Mutual • $95K — $115K *
US-AnywhereRemote in Somerville, MA
Real Estate & Construction
5 - 7 years of experience
Today
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Job Overview by Ladders

Qualifications

  • BA/BS degree in engineering or related field with 7+ years of surety claims or construction management experience.
  • 3-5 years of significant construction management experience required.
  • 5-7 years of proven surety claims management experience preferred.
  • Proven analytical skills for evaluating and judging claim files.
  • Strong communication skills for conveying complex information clearly.
  • Familiarity with the legal process related to construction claims is beneficial.
  • Willingness to travel and manage periodic heavy workloads.

Responsibilities

  • Conduct technical analyses of performance and payment bond disputes with some oversight.
  • Prepare reports and assess loss exposures due to bond defaults, including site inspections and expert reports.
  • Advise trial counsel on construction management issues and participate in litigation preparation.
  • Serve as a resource for surety specialists in managing bond disputes and ensuring quality work.
  • Visit contractors for assessments of internal controls and job cost systems, providing reports with recommendations.
  • Review project bid-spreads when variances are identified and secure necessary documentation.
  • Investigate Subcontractor Default Insurance claims, coordinating with stakeholders and evaluating loss exposures.

Benefits

  • Professional development opportunities to enhance skills in construction management and surety claims.
  • Exposure to diverse project types and legal processes, enriching professional experience.
  • Collaboration with esteemed professionals and industry experts.
  • Travel opportunities that provide varied experiences and insights into different contractors and projects.
Full Job Description
Description

Job Summary:

Responsible for technical engineering and construction analyses of large and complex performance, payment and non-contract surety bond disputes and claims. These functions include analyses, oversight responsibility and resolution. Leads teams of consultants, contractors and others in management and coordination of resolution of major claims. Assists Surety/SDI Claims and/or Underwriting Department in fulfilling objectives of the unit, including audit and administrative functions. Evaluates contractor internal controls structure and job cost systems specifically related to estimating, project management and job site visits on underwriting department engagements.

Responsibilities:
  • Responsible technical and construction analyses of large and complex performance, payment and non-contract surety bond disputes and claims, with some oversight by the Manager, Construction Services or Manager, Construction Consulting Services.
  • Prepares technical reports and evaluates the surety's loss exposures in all major bond defaults. Duties include: site inspections of projects, evaluation of contract plans and specifications, expert reports, construction schedules, and the preparation of cost to complete analyses. Supervises and coordinates consultants' investigation, analyses and preparation of default reports. With some oversight, makes recommendations as to choice of remedies (default, cure, takeover or relet) and participates in establishing loss and expense reserves. Assists in drafting, negotiating and settling, tender, takeover, completion, joint escrow, sub-contract and other contractual agreements necessary to discharge surety's obligations, working with Surety Counsel. Manages project completions by consultants and or completion contractors.
  • Advises trial counsel on engineering and construction management issues. Assists, in coordination with Surety Counsel, in pre-trial preparation, mediation, arbitration, alternative dispute resolution as appropriate, including technical investigative research, interviewing claimants and witnesses, acting as an expert witness in technical matters relating to construction contracts, performance and payment bond claims and financial analysis, including performing financial evaluations and recovery analysis.
  • Is a resource to the surety specialists and support staff in coordination with Surety Counsel in resolution of performance, payment and non-contract bond disputes and defaults, including monitoring work flows and quality and quantity of work by utilizing management reports, surveying claim files and communicating with customers ensures staff adherence to company policies in claims handling, service standards and guidelines. Identifies problems and ensures implementation of corrective action.
  • With some oversight and as requested by claims or underwriting, participates in visits to contractors to assess internal control structure, job cost systems and reporting capabilities and how senior management oversees business activities. This process includes gathering contracts, schedules, original estimates, job cost reports, cost-to-complete schedules and interviews of key personnel. The engagement conclusion typically results in a written report outlining key deficiencies with suggestions to improve the operations. Advises underwriting as to key findings.
  • With some oversight, reviews project bid-spreads when significant variance is identified by underwriting. Procedures involve securing estimating and bid documentation, known results, contract/RFPs (including drawings and specifications) and interview of head estimator or equivalent.
  • With some oversight, investigates Subcontractor Default Insurance (SDI) claims by evaluating the circumstances and causes of subcontractor default, conducting site inspections, reviewing contracts, schedules, cost records and project documentation, assessing completion and mitigation strategies, quantifying loss exposure, coordinating consultants and other stakeholders.
  • Provide pre-bid technical analysis to Underwriting where the prospective project has unusual and/or atypical elements within the bonded scope of work.
  • Together with Surety Counsel and Sr Surety Claims Specialists, supports corporate internal audit program to ensure accuracy and adherence to corporate policy and accounting procedures works with Liberty Mutual and outside auditors on financial statements and corporate audit audits work files of outside vendors.


Qualifications

  • BA/BS Degree in engineering or related field with minimum of 7 years progressively more responsible surety claims or construction management experience
  • A minimum of 3 years (preferably 5 years) of construction management experience required and 5-7 years of proven surety claims management experience preferred
  • Proven analytical ability to evaluate and judge claim files
  • Demonstrated ability to reduce complex analyses and information into understandable prose and/or oral directives, for conveyance of situations to other persons in the organization for claims handling or training purposes
  • Significant exposure to legal process anticipated.
  • Demonstrated effective communication and interpersonal skills required in dealing with claimants, outside counsel, consultants and members of senior management
  • Must be willing to travel and deal with periodic heavy workloads, in an expeditious and professional manner




About Liberty Mutual

Since 1912, Liberty Mutual Insurance have committed theirselves to providing broad, useful and competitively-priced insurance products and services to meet their customers' ever-changing needs. Their delivery on this commitment is the reason they're now the third largest property and casualty insurer in the U.S. based on 2012 direct premium written according to the National Association of Insurance Commissioners.

Liberty Mutual Careers

Join the vibrant team at Liberty Mutual, a leading global insurance company, where your career is in your hands. At Liberty Mutual, we are committed to fostering an inclusive culture that values diversity and innovation. With a variety of job opportunities across multiple fields, this is where your professional journey can truly flourish.

Work You’ll Do

At Liberty Mutual, you’ll be part of a team that’s dedicated to empowering people to live safer, more secure lives. Whether you’re interested in a position in claims handling, underwriting, or customer service, you’ll find a platform here to enhance your skills and push the boundaries of what you can achieve.

Explore Our Job Opportunities

Liberty Mutual offers a range of career paths for both seasoned professionals and those just starting out. Our internship programs provide invaluable hands-on experience, helping to bridge the gap between education and full-time employment. For those seeking to grow their career, we offer positions that challenge and inspire, backed by benefits that support both professional and personal growth.

Innovate with Us

Innovation is at the heart of Liberty Mutual. We encourage our team to bring fresh ideas that drive industry leadership and improve customer experiences. By joining our team, you’ll collaborate with talented professionals who are keen on developing solutions that lead the market.

Develop Your Career

Liberty Mutual is deeply invested in the professional development of its employees. With comprehensive diversity training and leadership programs, we prepare you to take on leadership roles within the company. Networking opportunities within the company can lead to mentorship and further career advancement.

Benefits of Joining Liberty Mutual

Working at Liberty Mutual comes with numerous benefits. From competitive salaries to health and wellness programs, we ensure our team members are well taken care of. More than just a job, a position at Liberty Mutual is a stepping stone to a fulfilling career.

Join Our Team

Ready to take the next step in your career? Explore the job opportunities at Liberty Mutual. We are actively hiring and looking for individuals who are passionate, curious, and ready to drive change. Enhance your resume, prepare for your interview, and become part of a company that values your unique skills and vision.

Stay Connected

Keep up to date with the latest from Liberty Mutual Careers by subscribing to our job alert emails. Tailor your subscription to match your career preferences and get insights into new postings and career tips directly from our team.

Liberty Mutual: A Place to Grow, Innovate, and Lead

Discover how you can make a difference. Visit our careers page to find the position that’s right for you and join a team that’s committed to growth, leadership, and innovation. At Liberty Mutual, your career is what you make it.
Learn more about Liberty Mutual
Size
45,000 employees
Industry
Finance & Insurance
Founded
1912
* Ladders Estimates

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