Senior Surety Counsel

Description

Description Liberty Mutual Surety™ is seeking an experienced Sr. Surety Claims Counsel to support our Core Commercial and Commercial Transactional Claims team. This position is primarily responsible for managing domestic commercial surety claims across the United States. This is an excellent opportunity for an entrepreneurial and analytically minded attorney with significant surety experience. In this role, you will be responsible for managing some highly complex commercial surety claims involving multiple bonds as well as insolvency issues.

Description Liberty Mutual Surety™ is seeking an experienced Sr. Surety Claims Counsel to support our Core Commercial and Commercial Transactional Claims team. This position is primarily responsible for managing domestic commercial surety claims across the United States. This is an excellent opportunity for an entrepreneurial and analytically minded attorney with significant surety experience. In this role, you will be responsible for managing some highly complex commercial surety claims involving multiple bonds as well as insolvency issues.

As Sr. Surety Claims Counsel, you will be responsible for contributing to technical processes that optimize planned business results by working independently and within a team. In this role, you will apply advanced level knowledge of commercial surety claims to a portfolio of cases varying in size and scope, with a focus on the largest and most complex claims in the region.

You will investigate, evaluate, and respond to higher complexity Commercial Surety and Fidelity claims in a fair and efficient manner. You will also manage, analyze, negotiate, and resolve surety claims, manage outside consultants and attorneys to assist in the investigation, evaluation and resolution of bond and indemnity disputes. You will communicate with all related parties to the claim, including, but not limited to, principal, indemnitors, attorneys, obligees, claimants, courts and any internal and external professionals ensuring customer satisfaction and loss mitigation.

Liberty Mutual Surety, a business unit of Liberty Mutual Insurance, is the world’s largest global Surety, including in the United States. Conducting business worldwide through fronting relationships and Liberty-owned subsidiaries, we provide bonds in over 60 countries for construction firms, manufacturers and suppliers, and commercial enterprises on an account and transactional basis. We are committed to building mutually profitable relationships by providing smart business solutions, ease of doing business, and consistent, responsive service.

Liberty Mutual Surety is dedicated to the communities we serve and highly values a diverse workforce.

• Demonstrate and exercise an understanding of surety bonds and the surety industry, including the structure, terms, and conditions of Liberty Mutual's obligations under bonds and applicable laws and regulations, by investigating and negotiating claims; analyzing financial data and contractual obligations; making reserve recommendations; determining an appropriate course of action and managing the case to successful resolution.
• Utilizes expert analytical skills, experience and interdisciplinary knowledge of Surety, financial operations, statutory interpretations, and insolvency laws to Investigate, negotiate, analyze, resolve, and manage surety claims cases to ensure customer satisfaction and loss mitigation. Work may include attending and participating in legal proceedings, as appropriate.
• Direct claims and recovery efforts, both directly and through assignment to outside vendors and legal counsel.
• Claim duties may include some or all of the following:
• • investigating defaults and making strategy recommendations,
  • setting accurate reserves and recommending adjustments as warranted,
  • implementing default strategies,
  • handling all financial aspects of the claim, including, but not limited to, recommending adjusting and maintaining reserves, issuing payments, and identifying and collecting salvage recovery; and
  • analyzing recovery prospects and implementing appropriate action.
• Review legal documents (e.g., contracts, insurance…