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Surety Claims Advisor
Surety Claims Advisor-January 2024
Cheyenne
Jan 11, 2025
About Surety Claims Advisor

  Taking care of people is at the heart of everything we do, and we start by taking care of you, our valued colleague. A career at Sedgwick means experiencing our culture of caring. It means having flexibility and time for all the things that are important to you. It’s an opportunity to do something meaningful, each and every day. It’s having support for your mental, physical, financial and professional needs. It means sharpening your skills and growing your career. And it means working in an environment that celebrates diversity and is fair and inclusive.

  A career at Sedgwick is where passion meets purpose to make a positive impact on the world through the people and organizations we serve. If you are someone who is driven to make a difference, who enjoys a challenge and above all, if you’re someone who cares, there’s a place for you here. Join us and contribute to Sedgwick being a great place to work.

  Great Place to Work®

  Most Loved Workplace®

  Forbes Best-in-State Employer

  Surety Claims Advisor

  PRIMARY PURPOSE : To analyze complex or technically difficult surety/surety bond claims; this would include performance/payment/commercial bonds; to provide resolution of highly complex nature and/or severe injury claims; to coordinate case management within Company standards, industry best practices and specific client service requirements; and to manage the total claim costs while providing high levels of customer service.

  ESSENTIAL FUNCTIONS and RESPONSIBILITIES

  Analyzes and processes complex or technically difficult surety bond claims by investigating and gathering information to determine the exposure on the claim; manages claims through well-developed action plans to an appropriate and timely resolution.

  Conducts or assigns full investigation, including coordination of field investigations and provides report of investigation pertaining to new events, claims and legal actions.

  Negotiates claim settlement up to designated authority level.

  Calculates and assigns timely and appropriate reserves to claims; monitors reserve adequacy throughout claim life.

  Recommends settlement strategies; brings structured settlement proposals as necessary to maximize settlement.

  Coordinates legal defense by assigning attorney, coordinating support for investigation, and reviewing attorney invoices; monitors counsel for compliance with client guidelines.

  Uses appropriate cost containment techniques including strategic vendor partnerships to reduce overall claim cost for our clients.

  Identifies and investigates for possible fraud, subrogation, contribution, recovery, and case management opportunities to reduce total claim cost.

  Represents Company in depositions, mediations, and trial monitoring as needed.

  Communicates claim activity and processing with the client; maintains professional client relationships.

  Ensures claim files are properly documented and claims coding is correct.

  Refers cases as appropriate to supervisor and management.

  Delegates work and mentors assigned staff.

  ADDITIONAL FUNCTIONS and RESPONSIBILITIES

  Performs other duties as assigned.

  Supports the organization's quality program(s).

  QUALIFICATIONS

  Education & Licensing

  Bachelor's degree from an accredited college or university required. JD preferred. Licenses as required. Professional certification as applicable to line of business preferred.

  Experience

  8-10 years of surety claim management experience or equivalent combination of education and experience required.

  Skills & Knowledge

  In-depth knowledge of appropriate surety/coverages and principles and laws for line-of-business handled, recoveries offsets and deductions, claim duration, cost containment principles .

  Construction knowledge

  Excellent oral and written communication, including presentation skills

  PC literate, including Microsoft Office products

  Analytical and interpretive skills

  Strong organizational skills

  Excellent negotiation skills

  Good interpersonal skills

  Ability to work in a team environment

  Ability to meet or exceed Performance Competencies

  WORK ENVIRONMENT

  When applicable and appropriate, consideration will be given to reasonable accommodations.

  Mental : Clear and conceptual thinking ability; excellent judgment, troubleshooting, problem solving, analysis, and discretion; ability to handle work-related stress; ability to handle multiple priorities simultaneously; and ability to meet deadlines

  Physical : Computer keyboarding, travel as required

  Auditory/Visual : Hearing, vision and talking

  NOTE : Credit security clearance, confirmed via a background credit check, is re

  quired for this position.

  As required by law, Sedgwick provides a reasonable range of compensation for roles that may be hired in jurisdictions requiring pay transparency in job postings. Actual compensation is influenced by a wide range of factors including but not limited to skill set, level of experience, and cost of specific location. For the jurisdiction noted in this job posting only, the range of starting pay for this role is $98,000- $110,000 . A comprehensive benefits package is offered including but not limited to, medical, dental, vision, 401k and matching, PTO, disability and life insurance, employee assistance, flexible spending or health savings account, and other additional voluntary benefits.

  The statements contained in this document are intended to describe the general nature and level of work being performed by a colleague assigned to this description. They are not intended to constitute a comprehensive list of functions, duties, or local variances. Management retains the discretion to add or to change the duties of the position at any time.

  Sedgwick is an Equal Opportunity Employer and a Drug-Free Workplace.

  If you're excited about this role but your experience doesn't align perfectly with every qualification in the job description, consider applying for it anyway! Sedgwick is building a diverse, equitable, and inclusive workplace and recognizes that each person possesses a unique combination of skills, knowledge, and experience. You may be just the right candidate for this or other roles.

  Taking care of people is at the heart of everything we do. Caring counts

  Sedgwick is a leading global provider of technology-enabled risk, benefits and integrated business solutions. Every day, in every time zone, the most well-known and respected organizations place their trust in us to help their employees regain health and productivity, guide their consumers through the claims process, protect their brand and minimize business interruptions. Our more than 30,000 colleagues across 80 countries embrace our shared purpose and values as they demonstrate what it means to work for an organization committed to doing the right thing – one where caring counts. Watch this video to learn more about us. (https://www.youtube.com/watch?v=ywxedjBGSfA)

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