Surety Claims Adjuster III
Company: AmTrust North America
Posted on: January 16, 2022
Overview Assigned to a Line of Business Surety, the Surety
Adjuster III is responsible for prompt and efficient investigation,
evaluation and settlement or declination of insurance claims
through effective research, negotiation and interaction with
insureds and claimants. The Surety Adjuster III is often, though
not always, assigned to larger or more complex claims than an
Adjuster I or II in the Line of Business. - Maintains a solid
understanding of AmTrust's mission, vision, and values. Upholds the
standards of the AmTrust and Claims organization.
Responsibilities Adjust contract surety bond claims by receiving
claim assignments, communicating with claimants and principals,
investigating claims, analyzing documentation, understanding
coverage under the bonds, evaluating exposure, setting reserves,
making payments, and asserting indemnification rights.
Evaluate the appropriate method and extent of investigation for
Review underwriting files and bond and indemnity agreements.
Communicate promptly to claimants and bonded
Analyze claim, verify applicability of coverage, and evaluate
exposure on a variety of bond types in various jurisdictions.
Draft appropriate position letters to claimants and/or principal
and indemnitors, when necessary.
Work with principals and indemnitors to promptly resolve claims
under their duty to indemnify the Surety and make formal
indemnification demands on principals and indemnitors, when
Manage litigated claims toward a prompt and reasonable
Appropriately manage, direct and budget outside counsel and
Consult with management at all levels of the claims department to
strategize and make recommendations where assistance and
consultation is needed on claims exceeding assigned authority.
Prepare reports, document claim files, review and manage
outstanding files, as assigned, for adequacy and timeliness of
investigation, evaluation and reserving, and maintain a timely
diary for each assigned claim.
Assess recovery potential and collaborate with outside recovery
firms to coordinate salvage.
Provide superior customer service to policyholders and external
vendors and agents during entirety of the claims handling
Qualifications Bachelor's degree or equivalent experience
5+ years claims handling experience
State licensure as required for California
Demonstrated proficiency with MS Office suites
Demonstrated skills in investigation, evaluation and
Strong knowledge of insurance theory and practices
2+ years of specific Surety experience preferred
Ability to travel is required for some positions
What We Offer:
AmTrust Financial Services offers a competitive compensation
package and excellent career advancement opportunities. - Our
benefits include: Medical & Dental Plans, Life Insurance, including
eligible spouses & children, Health Care Flexible Spending,
Dependent Care, 401k Savings Plans, Paid Time Off.
AmTrust strives to create a diverse and inclusive culture where
thoughts and ideas of all employees are appreciated and respected.
This concept encompasses but is not limited to human differences
with regard to race, ethnicity, gender, sexual orientation,
culture, religion or disabilities. -Diversity is a business
imperative, enabling us to attract, retain and develop the best
talent available. We see diversity as more than just policies and
practices. It is an integral part of who we are as a company, how
we operate and how we see our future.
AmTrust values excellence and recognizes that by embracing the
diverse backgrounds, skills, and perspectives of its workforce, it
will sustain a competitive advantage and remain an employer of
choice. - Diversity is a business imperative, enabling us to
attract, retain and develop the best talent available. We see
diversity as more than just policies and practices. It is an
integral part of who we are as a company, how we operate and how we
see our future.
This job description is designed to provide a general overview of
the requirements of the job and does not entail a comprehensive
listing of all activities, duties, or responsibilities that will be
required in this position. AmTrust has the right to revise this job
description at any time.
Keywords: AmTrust North America, Sandy , Surety Claims Adjuster III, Other , Sandy, Utah
Didn't find what you're looking for? Search again!