Old Republic Surety Company (ORSC) can proudly say that we attract and retain people who are the best talent in the business. We are growing across the country which is creating new opportunities within our corporate headquarters in Brookfield, Wisconsin.ORSC ranks among the nation's top underwriters of contractors' performance and payment bonds, miscellaneous surety, and commercial fidelity, offering thousands of types of bonds. We have an exciting new opportunity to join our Claims Department as an Associate Claim Attorney.
Under the guidance of the Vice President - Claims, the Associate Claim Attorney handles contract and commercial surety claims processes and provides legal guidance and representation for claim-related matters. This position is a resource to and has influence on a team of non-attorney claims representatives.
Some of the essential duties and responsibilities for this role include, but are not limited to:
- Assure equitable claim service is performed in a timely manner involving performance, payment, and miscellaneous contract and commercial claims.
- Coordinate the investigation of multiple-project contract surety claims of higher complexity and evaluate project completion options. Determine and implement chosen performance option, while coordinating with other project participants such as principals, obligees, attorneys, consultants, subcontractors, and suppliers.
- Utilize information gathered through investigation to establish and maintain appropriate reserves, while simultaneously taking a proactive approach to mitigating loss. Prepare internal reports for large-loss claims.
- Identify the claim resolution and/or litigation strategies.
- Negotiate and settle claims within authority limits by assessing coverage issues, developing any surety defenses, and effectively communicating liability determinations to all parties. Attend, as the company's representative, arbitrations and mediations.
- With guidance, draft and modify takeover agreements, completion agreements, subcontractor ratification agreements, and any other legal documents necessary to mitigate risk and discharge the company's bond obligations.
- Pursue salvage, where necessary, pursuing indemnification/subrogation from all available sources.
- Control allocated Loss Adjustment Expenses with effective use and collaboration with outside professionals such as attorneys, consultants, and accountants.
Requirements for this position are a Juris Doctorate Degree, with a current attorney's license, and a minimum of three years of related insurance claims experience, or an equivalent combination of education and experience.
This position requires one to work independently and effectively within a fast-paced environment. Proficiency with Microsoft (MS) Windows and Office products and the use of computer systems is necessary. Other skills necessary include excellent oral and written communication skills, accurate proofreading skills, effective negotiating and mediating skills, the ability to maintain accurate records, the ability to read and comprehend lengthyand complex legal documents, the ability to exercise discretion with confidential information, excellent organizational skills, strong attention to detail, and the ability to use a variety of office equipment.
Travel for this position will be occasional.
Old Republic Surety Company offers numerous opportunities for our employees to grow and prosper. We have a culture of growth from within and we support our employees' pursuits in advancing their careers. We offer this in an open-door, collaborative workplace that encourages and rewards both teamwork and individual contributions. We want bright, passionate individuals who share our values and quest for success. To learn more about our company culture and our outstanding benefits, please visit ourand watch this.
Interested? Click 'apply' and follow some very simple steps to get your resume in front of a Talent Acquisition specialist.
If this role is not quite what you were looking for, but you are interested in working for our company, you are encouraged to fill out aor visit ourfor other opportunities.
Old Republic Surety Company is an Equal Opportunity Employer and is committed to maintaining a diverse workplace.