Claims Examiner - Transactional Surety (Hybrid)
Intact Insurance Specialty Solutions · Blue Bell, PA, US
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About the Role
This position is responsible for handling and resolving complex and/or specialized Surety Claims through investigation, evaluation and disposition.
Responsibilities
- Makes timely and appropriate contacts, determines, and completes appropriate level of investigation to make determination of coverage, assess liability and determine damages for complex and specialized claims.
- Determines coverage, prepares coverage correspondence on appropriate claims, responds to coverage questions raised by insureds and others.
- Determines exposure, establishes adequate reserves, and makes timely adjustments as required.
- Selects, assigns, and directs activities of internal and external resources as required, including independent adjusters, appraisers, and attorneys.
- Identifies questionable claims and consults with SIU for further direction as appropriate.
- Determines settlement value of the loss and negotiates proper settlement of claims within authority.
- Provides recommendations for settlement and disposition of claims exceeding authority level.
- Documents clearly and concisely all relevant activity on assigned files and makes recommendations for additional activity as appropriate.
- May provide mentoring or training to other less experienced claim representatives.
- Stays abreast of state license requirements and participates in continuing education as required.
- Maintains a strong professional knowledge of regulatory and legal environments and applies this information effectively.
Requirements
- Minimum of 5+ years of experience handling complex Surety Bond and/or Performance Bond claims.
- Background evaluating and handling litigated claims.
Location
- New York City, NY
- Boston, MA
- Farmington, CT
- Morristown, NJ
- Blue Bell, PA
- Chicago, IL
Work Type
- Hybrid
Experience Level
- 5+ years
Education Level
- Bachelor's degree or equivalent experience required
- Juris Doctorate preferred
Salary/Compensations
- $88,000 – $124,000
- $111,000 -$130,000
Benefits
- Comprehensive medical, dental and vision insurance with no waiting period
- Competitive paid time off programs
- 401(k) savings and annual contributions of up to 12% of annual salary
- Mental health support programs, life and disability insurance, paid parental leave and a variety of additional voluntary benefits
About the Company
- At Intact Insurance Specialty Solutions, we are experts at what we do in protecting what makes businesses unique.
- Our deep understanding of the specialty insurance market is the foundation for our customized solutions, backed by targeted risk control and claims services.
- Our employees are passionate about providing insurance coverage that’s aligned to our targeted customer groups.
- Intact’s Global Specialty Lines business spans across more than 20 verticals in four distinct markets: U.S., Canada, UK and Europe.
- We live our Values: We are committed to acting with the highest of ethical standards through our five core values: integrity, respect, customer driven, excellence and social responsibility.
- Our commitment to Diversity: Founded in our values, we see diversity as a strength and aspire to create an environment where everyone can be themselves, grow and succeed.
- Manage your Time: What you accomplish matters more than hours in the office.
- We are committed to creating a positive and supportive environment in which you perform your best.
- Our Time-Off and Flexible Work Arrangement options help foster a healthy work-life balance.
- At Intact Insurance Specialty Solutions we are experts at what we do.
- Our deep understanding of the specialty insurance market is the foundation for our customized solutions, backed by targeted risk control and claims services.
- Our employees are passionate about providing insurance coverage that’s aligned to our targeted customer groups.
- Today, we help protect over a dozen industries with tailored coverages and services.
Equal Opportunity
- Founded in our values, we see diversity as a strength and aspire to create an environment where everyone can be themselves, grow and succeed.
- Together, we will stand up for what’s right to build an inclusive society.