IAT Insurance Group has an immediate need for a Senior Surety Claims Counsel for the southern and Rocky Mountain territories. The position would work out of our offices in Plano, Texas, Houston, Texas, or Denver, Colorado, although there is the possibility of working remotely depending upon location and qualifications. This role reports to the AVP, Claims Counsel and works closely with the SVP, Legal, 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. Please note, this role works a hybrid schedule from an IAT Office if located in an IAT location. The hybrid schedule reflects our values (thinking and acting like an owner, collaboration, and teamwork) as it requires working from the office with colleagues and other disciplines Monday through Wednesday, with the option of working Thursday and Friday remotely.
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 on assigned matters
- 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 5+ years of relevant Surety Claims and/or Construction Law experience
- Possession of Texas insurance adjuster license or ability to obtain insurance adjuster license as needed in assigned regions
- Ability to travel throughout the southern, rocky mountain and other regions of the United States
- To qualify, all applicants must be authorized to work in the United States and must not require, now or in the future, VISA sponsorship for employment purposes
Preferred to Have:
- Law Degree.
- Supervisory experience is a plus.
Our Culture
IAT 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. It’s about far more than being a workplace. We’re a work family.
At IAT, our fundamental belief is to a create a culture where all employees are heard and have a sense of belonging. Inclusion and Diversity are not just initiatives, it’s how we live. We’re committed to driving and building an open and supportive culture. By embracing the uniqueness of our employees, investing in their development, listening to, and engaging their ideas, we are stronger as an organization.
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.
Come join the IAT family!
Compensation:
Please note, the annual gross salary range associated with this posting is $103,000 – $185,000. This range represents the anticipated low and high end of the base salary for this position. 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 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