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Years of Experience
Date Last Verified
Associate - Surety Claims The candidate duties include: Under close supervision, receives assignments and reviews claim and policy information to provide background for investigation and may determine the extent of the policyâ€™s obligation to the insured depending on the line of business. Contacts, interviews and obtains statements (recorded or in person) from insureds, claimants, witnesses, physicians, attorneys, police officers, etc. to secure necessary claim information. Depending on line of business may inspect and appraise damage for property losses or arranges for such appraisal. Evaluates facts supplied by investigation to determine extent of liability of the insured, if any, and extent of the companyâ€™s obligation to the insured under the policy contract. Prepares reports on investigation, settlements, denials of claims, individual evaluation of involved parties etc. Sets reserves within authority limits and recommends reserve changes to Team Leader. Reviews progress and status of claims with Team Leader and discusses problems and suggested remedial actions. Prepares and submits to Team Leader unusual or possible undesirable exposures. Assists Team Leader in developing methods and improvements for handling claims. Settles claims promptly and equitably. Obtains releases, proofs of loss or compensation agreements and issues company drafts in payments for claims. Informs claimants, insureds/customers or attorney of denial of claim when applicable.
Qualification and Experience
The candidate should have JD or Bachelorâ€™s degree or Masterâ€™s degree. Should have Intellectual agility: capable and willing to master and apply new knowledge. Must have communication skills: an ability to communicate successfully in various settings. Should have interpersonal/team skills: able to work effectively with colleagues at all levels. Knowledge of insurance industry is desired. General understanding of surety law, surety bonds and construction matters is desired. Basic Microsoft Word, Excel, and Outlook is preferred. Should have strong Communication Skills - including the ability to listen effectively; to confidently and diplomatically express opinions and voice concerns with other team members; and to present effective written communication to varied audiences. Must have excellent Interpersonal Skills: Ability to establish trust and effective working relationships with others on an external and internal basis.
Job Number: 319307
Company infoHiring Coordinator