Attorney in Garden City, NY

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In-House

Garden City, NY

Attorney in Garden City, NY

Non-practicing Attorney

No

Job Title: AVP, Surety Claims

Job Responsibilities:
The AVP of Surety Claims is responsible for the day-to-day management of senior claims examiners and overseeing the claims process within the department. Key responsibilities include:
- Managing and coaching team performance, conducting quarterly quality assurance reviews of direct reports' files, and ensuring compliance with all department processes and procedures.
- Overseeing claim assignments and balancing workloads, as well as preparing and overseeing claim reporting by direct reports.
- Directly handling the investigation, evaluation, and resolution of all types of surety bond claims to ensure that claims are managed in accordance with best practices.
- Developing and executing strategic action plans to mitigate bond claim loss exposures.
- Participating in books and records reviews and timely documenting claim files.
- Setting the strategy for claims, guiding the negotiation process, and ensuring compliance with Corporate Audit and SOX policies and procedures.
- Preparing and presenting written and oral reports to senior management, recommending reserves, and overseeing direct reports in their preparation and presentations.
- Managing litigation and counsel retention, including directing counsel according to resolution strategy and actively participating in litigation strategy and review of pleadings.
- Managing outside counsel's work to ensure budget compliance and appropriate counsel retention.
- Reviewing litigation materials, attending meetings and court proceedings as needed, and identifying and reviewing each jurisdiction's applicable statutes, rules, and case law.
- Maintaining a diary of all claims, establishing accurate reserves, and responding to inquiries from accounts, counsel, underwriters, brokers, and senior management regarding claims.
- Collaborating with Surety Underwriters on existing and emerging claim matters and providing guidance, research, review, analysis, drafting, and negotiation for all aspects of surety and its related transactions.
- Representing the company at industry functions, participating in strategic initiatives, writing internal white papers, and creating risk mitigation seminars for commercial surety accounts, underwriters, and agents.
- Leading claim-specific teams comprised of more junior examiners, in-house accountants and engineers, and outside counsel and/or consultants.

Education and Experience Information:
- A Bachelor's Degree is required, and a Juris Doctorate is preferred.
- A preferred minimum of 8-10 years of experience in surety law practice or in-house experience handling surety claims, with at least 3 years of supervisory or management experience.
- Availability to travel up to 20% or as requested.
- Strong logical, analytical, and problem-solving skills, along with proper adjuster licensing in all applicable states.
- Exceptional communication skills, both written and verbal, and strong interpersonal skills for developing productive working relationships.
- Strong time management and organizational skills, with a demonstrated ability to participate in strategic discussions and work well independently or in a team environment.
- Hands-on experience and intermediate to advanced aptitude with Microsoft Excel, PowerPoint, and Word.

Salary Information:
- The base salary range for individuals assigned or hired to work in the specified location(s) is $170,000 - $185,000 per year.
- The position is incentive eligible, and total individual compensation (base salary, short & long-term incentives) will consider factors such as geographic location, scope and responsibilities of the role, qualifications, talent availability, specialization, and business needs.
- The pay range may be modified in the future.

Jun 11, 2025
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