Commercial Claim Representative I
Brookfield, WI 
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Posted 10 days ago
Job Description
Description

Old Republic Surety Company (ORSC) is currently seeking a Commercial Claims Representative I to join its Claims Team at its home office located in Brookfield, WI. Under the supervision of the Claims Supervisor, the Commercial Claims Representative I receives, investigates, and resolves commercial surety claims and determines the appropriate response to ensure equitable claim service.

DUTIES AND RESPONSIBILITIES:

  • Assure equitable claim service is performed in a timely manner involving commercial surety claims.
  • Interpret bond language to determine company liability on commercial claims. Identify issues that need to be escalated.
  • Coordinate the investigation of commercial surety claims and evaluate resolution options.
  • Utilize information gathered to establish and maintain appropriate reserves, while simultaneously taking a proactive approach to mitigating loss.
  • Negotiate and settle claims within authority limits by assessing coverage issues, developing surety defenses, and effectively communicating liability determinations to all parties.
  • Pursue salvage, where necessary, pursing indemnification/subrogation from all available resources.
  • Control allocated Loss Adjustment Expenses by effectively utilizing outside professionals such as attorneys, consultants, and accountants.
  • Other duties as assigned.


QUALIFICATIONS:
This position requires a bachelor's degree, or equivalent, and a minimum of three years of related experience, or one year of insurance claims experience, or an equivalent combination of education and experience.

Working as Commercial Claims Representative I requires one to work independently and effectively within a fast-paced environment. Proficiency with Microsoft (MS) Windows and Office products is necessary.Other skills necessary include excellent oral and written communication skills, strong organizational and accurate proofreading skills, the ability to maintain accurate records, the ability to exercise discretion with confidential information, strong attention to detail, and the ability to use a variety of office equipment.

PHYSICAL AND ENVIRONMENTAL DEMANDS:
This position requires one to sit for extended periods of time and stand and/or walk occasionally. The position requires one to occasionally push, pull, carry, and/or lift up to 10 pounds. No personal protective equipment is required. Ergonomic equipment is available to employees.

WHO ARE WE?

Old Republic Surety Companyunderwrites contract, fidelity, and commercial bonds, serviced through a network of more than 4,500 independent insurance agencies. Solutions provided include bid bonds, performanceand payment bonds, and maintenance bonds for large, middle market and smaller growing contractors. ORSC consistently offers superior service and creative underwriting options in all 50 states.

WHY OLD REPUBLIC SURETY COMPANY?
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.

COMPANY BENEFITS

Financial:

  • Competitive salary
  • 401k Savings & Profit-Sharing Plan, including company match contribution
  • Roth investment options
  • 529 Education Savings Plan
  • Employee Referral Bonus Program

Health:

  • Health Insurance
  • Dental Insurance
  • Flexible Spending & Health Savings Account options
  • Life Insurance
  • Vision Insurance
  • Supplement Life Insurance
  • Long-Term Disability Insurance
  • Paid Leave of Absence Benefits
  • Accident & Critical Illness Insurance
  • Pet Insurance

Work-Life Balance:

  • 38.75 hour standard work week
  • Casual business attire
  • Generous paid time-off (PTO)
  • Paid holidays
  • Volunteer opportunities
  • Company-sponsored events and outings


Interested? Click 'apply' and follow some very simple steps to get your resume in front of the Talent Acquisition Team.


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Old Republic Surety Company is an Equal Opportunity Employer and is committed to maintaining a diverse workplace.

 

Job Summary
Start Date
As soon as possible
Employment Term and Type
Regular, Full Time
Required Education
Bachelor's Degree
Required Experience
1 to 3 years
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