Description
Handles the most complex Surety claims matters with a high degree of independence. Provides dedicated claims service and builds enduring relationships with assigned accounts. Directly investigates, evaluates, and implements strategies and recovery matters for assigned claims. Manages and/or is responsible for the implementation of, and compliance with surety claims procedures. Carries out actions which have an impact upon the rights, privileges and responsibilities of the Company and customers while maintaining high standards of legal and business ethics and professional responsibility.
Responsibilities
Handles the most complex Core Contract surety claims matters that require a high level of expertise. Directs the claims and recovery efforts, both directly and through the assignment to outside consultants, accountants, financial advisors, construction engineers and legal counsel. Claim duties include: (a) investigating defaults and making recommendations in determining which strategy would be appropriate for Surety to implement (b) setting accurate reserves and recommending adjustments as warranted (c) implementing the default strategies (d) investigating difficult claim issues, including bid protests, payment surety claims, defective specifications, contract modifications, terminations, liens and fraud questions and (e) analyzing recovery prospects from indemnitors, principals, owners and third parties and then recommends and implements appropriate action and then pursues vigorously until close out. Develops individual performance objectives and development plans and insures alignment with business objectives. Interacts and collaborates with all of Surety Senior Management to ensure expedient and efficient resolution of all procedural issues with in the region. Performs
legal review as needed. Responsible for analyzing, recommending and implementing appropriate causes of action against indemnitors, principals, owners and third parties. Communicates regularly with underwriters on case status or transactional matters. Prepares and delivers presentations/training sessions to Surety and external industry audiences with respect to preventative law and claim issues, stays abreast of developments in the law which impact surety cases. Manages outside counsel, outside accountants and other outside consultants. Represents Surety in surety industry affairs/associations including legal, claims and industry associations.
The selected candidate must live within 50 miles of a Surety Office and have the ability to work a hybrid schedule of two days/week in the office. This policy is subject to change.
Qualifications- Completion of Law School and an active bar membership in at least one jurisdiction required
- A minimum of 5 years of claims experience or equivalent surety claims experience expected (usually greater than 10 years) in managing complex surety claims preferred
- Exercises a high level of autonomy in handling, managing and reviewing assigned cases and transactional requests
- Must be knowledgeable of private, state, and federal laws that are applicable to surety claims and transactional matters
- A full working knowledge of surety claims operations and procedures as well as the ability to communicate effectively is required
Pay Philosophy: The typical starting salary range for this role is determined by a number of factors including skills, experience, education, certifications and location. The full salary range for this role reflects the competitive labor market value for all employees in these positions across the national market and provides an opportunity to progress as employees grow and develop within the role. Some roles at Liberty Mutual have a corresponding compensation plan which may include commission and/or bonus earnings at rates that vary based on multiple factors set forth in the compensation plan for the role.
At Liberty Mutual, our goal is to create a workplace where everyone feels valued, supported, and can thrive. We build an environment that welcomes a wide range of perspectives and experiences, with inclusion embedded in every aspect of our culture and reflected in everyday interactions. This comes to life through comprehensive benefits, workplace flexibility, professional development opportunities, and a host of opportunities provided through our Employee Resource Groups. Each employee plays a role in creating our inclusive culture, which supports every individual to do their best work. Together, we cultivate a community where everyone can make a meaningful impact for our business, our customers, and the communities we serve.
We value your hard work, integrity and commitment to make things better, and we put people first by offering you benefits that support your life and well-being. To learn more about our benefit offerings please visit: https://www.libertymutualgroup.com/about-lm/careers/benefits
Liberty Mutual is an equal opportunity employer. We will not tolerate discrimination on the basis of race, color, national origin, sex, sexual orientation, gender identity, religion, age, disability, veteran's status, pregnancy, genetic information or on any basis prohibited by federal, state or local law.
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