Job Function: Claims Examinor
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Contract Surety Claims Specialist
16 days ago
Berkshire Hathaway Specialty Insurance
Contract Surety Claims Specialist
Cincinnati, Ohio, United States
16 days ago
Job Type
Job Duration
$102,000.00 - $160,000.00
Min Experience
5-7 Years
Min Education
Required Travel
Salary - Type
Yearly Salary
Job Function
Claims Examinor


  • Great American's Bond Division has been underwriting surety and fidelity bonds for over 90 years. Great American is known for expert underwriting, solid financial strength, market leadership and creative solutions to all bonding needs. With a highly diverse product line, Great American is one of the top surety companies in the United States.

    Essential Job Functions and Responsibilities

    • Investigates and resolves claims made against a variety of contract surety bonds issued in connection with construction projects;
      • Reviews and evaluates coverage and/or liability.
      • Secures necessary information (i.e., reports, bonds, credit limits, policies, appraisals, releases, statements, or other documents) to assist in the investigation of claims.
      • Retains and directs approved consultants and outside counsel.  Responsible for maintaining cost controls and overseeing the work of outside counsel.
      • Determines available avenues of recovery and their cost-effectiveness; coordinates approved recovery effort.
      • Establishes and maintains proper loss, salvage, and subrogation reserves.
      • Prepares periodic claims reports and financial evaluations.
    • Affects settlements/reserves within prescribed limits and submits recommendations to supervisor on cases exceeding personal authority.
    • Ensures that claims payments are issued in a timely and accurate manner.
    • Ensures compliance of claims handling pursuant to all state, legal, statutory, and regulatory bodies to comply with all company procedures and requirements.
    • May attend mediations, arbitrations, or settlement conferences as requested.
    • Performs other duties as assigned.

    Job Requirements

    • Education: Bachelor’s Degree or equivalent experience.
    • Field of Study: Business, Liberal Arts, Finance or a related discipline.
    • Experience: Generally, looking for 5 or more years of related experience, either in Property or Casualty lines.
    • Construction, paralegal or legal assistant experience is a plus.
    • Experience handling surety bond claims is a plus.
    • Must be detail oriented, organized, and possess strong analytical skills.
    • Strong negotiation and mediation skills are required.
    • Strong verbal and written communication skills are necessary for this position.
    • Must be proficient in MS Office.
    • Ability to work in a fast-paced environment.


Physical Requirements

  • Requires prolonged sitting.
  • Requires continuous use of computer.
  • May lift, carry, push, or pull objects up to 10 lbs.
  • Requires regular and predictable attendance.
Job ID: 73005643

Please refer to the company's website or job descriptions to learn more about them.

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