IAT Insurance Group has an immediate opening for a Senior Surety Claims Counsel that can report to any IAT office location. This role reports to the VP, Claims Counsel and works closely with the SVP, Chief Legal Officer as well. The Senior Surety Claims Counsel is responsible for reviewing, investigating, resolving, and negotiating performance bond defaults, payment bond claims, subdivision, and commercial bond claims.
This role works a hybrid schedule from any IAT Office Monday through Wednesday, with the option of working Thursday and Friday remotely.
While we prefer candidates to work from one of our IAT office locations, we are open to considering fully remote arrangements for the ideal candidate.
Responsibilities:
- Interacts with attorneys for claimants and owners, as well as field management staff to resolve complex claims issues and ensure cost effective solutions.
- Drafts and negotiates the necessary documents for each situation, such as Surety Takeover and/or Completion Agreements, correspondence, reports and Exposure Analyses.
- Collaborates closely with underwriters in assigned regions.
- Reviews and analyzes work in progress schedules, costs to complete, accounts payable and receivable ledgers.
- Supervises work of outside counsel and consultants’ bills before submitting for approval
- Recommends reserves.
- Manages litigation and salvage recovery actions.
- Analyzes payment bond claims and makes recommendations regarding payment.
- Select, develop, motivate and train staff to achieve objectives.
- Monitors and evaluates employee performance.
- Other job-related duties as required.
Qualifications:
Must Have:
- JD with 7+ years of relevant Surety Claims and/or Construction Law experience.
- Licensed insurance adjuster or ability to obtain insurance adjuster license as needed in assigned regions or license with reciprocity to assigned regions.
- Ability and willingness to travel as needed.
- To qualify, all applicants must be authorized to work in the United States and must not require VISA sponsorship, now or in the future, for employment purposes.
Preferred to Have:
- Supervisory experience
Compensation:
Please note, that the annual gross salary range associated with this posting is $97,880 – $213,030. The total compensation will include a base salary, performance-based bonus opportunities, 401(K) match, profit-sharing opportunities, and more. Actual salaries will vary based on factors such as a candidate's qualifications, skills, competencies, and geographical location related to this specific role.
To view details of our full benefits, please visit
https://www.iatinsurancegroup.com/careers/benefits
IAT Insurance Group is the largest private, family-owned property and casualty insurer in the U.S. Insurance Answers Together® is how we define IAT, in letter and in spirit. We work together to provide solutions for people and businesses. We collaborate internally and with our partners to provide the best possible insurance and surety options for our customers.
At IAT, we’re committed to driving and building an open and supportive culture for all. Our employees propel IAT forward – driving innovation, stable partnerships and growth. That’s why we continue to build an engaging workplace culture to attract and retain the best talent.
We offer comprehensive benefits like:
- 26 PTO Days (Entry Level) + 12 Company Holidays = 38 Paid Days Off
- 7% 401(k) Company Match and additional Profit Sharing
- Hybrid work environment
- Numerous training and development opportunities to assist you in furthering your career
- Healthcare and Wellness Programs
- Opportunity to earn performance-based bonuses
- College Loan Assistance Support Plan
- Educational Assistance Program
- Mentorship Program
- Dress for Your Day Policy
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. We maintain a drug-free workplace and participate in E-Verify.
Skills Required
- Juris Doctor degree with at least 7 years of relevant surety claims and/or construction law experience
- Licensed insurance adjuster, or ability to obtain an insurance adjuster license in assigned regions, or a reciprocal license
- Ability and willingness to travel as needed
- Authorized to work in the United States without requiring visa sponsorship now or in the future
- Supervisory experience
What We Do
IAT Insurance Group (IAT) is a specialty insurance company headquartered in Raleigh, North Carolina, providing a wide range of property and casualty insurance products and surety bonds to meet the needs of individuals and businesses. IAT consists of eight operating divisions, each sharing the same quality standards, commitment to service and innovation, and an overall mission of excellence. As an organization, we leverage our experienced leadership, sound analytics, proven operating platforms and extensive risk capabilities across the entire enterprise to deliver specialized, sustainable solutions for our customers. With 30+ office locations, IAT has a large footprint throughout the United States. As a privately owned organization, consisting of more than 900 employees, we are able to act strategically within an ever-changing marketplace. We are large enough to make a difference in the industry but small enough to be agile and nimble. Our focus includes meeting customer needs and fostering an exceptional agent and broker network to serve clients. We strive to provide an environment where our employees feel empowered, challenged and valued. Not only does IAT Insurance provide a dynamic workplace, we also provide competitive total compensation packages and great benefits, including but not limited to medical, dental, and vision insurance, a generous time off policy, company provided life and disability insurance, a lucrative 401k company match and incentive plans.
