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Surety Claims Consultant The candidate will be responsible for the overall management of highly complex claims. Works within assigned limits of broad authority on assignments requiring a high degree of technical complexity and coordination. Manages highly complex investigations of Surety claims, including coverage issues, liability, compensability and damages. Determines if a major claim should be settled or litigated and implements an appropriate resolution strategy accordingly. Effectively manages loss costs and claim expenses. Manages all types of investigative activity or litigation on major claims, including the posting of appropriate reserves in a timely manner. Coordinates discovery and litigation strategy with principals and attorneys. Negotiates highly complex settlement packages, and authorizes payment within scope of authority, settling claims in most cost effective manner and ensuring timely issuance of disbursements. Coordinates recovery with salvage unit. Makes recommendations on claims processes and resolution strategies to management. Analyzes claims activities; prepares and presents reports to management and other internal business partners and clients. Works with principals, attorneys, account representatives and Claim Management regarding the handling and/or disposition of highly complex claims. Keeps current on state/territory regulations and issues, industry activity and trends. May participate in industry trade groups. Provides guidance and assistance to less experienced claims staff and other functional areas. Responsible for input of data that accurately reflects claim circumstances and other information important to our business outcomes. Must have Bachelor's degree or equivalent experience. Law degree or Professional designation preferred. Should have 8 years of claims experience.
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