Contract Surety Claims Manager/Senior Contract Surety Claims Manager @GAIC Great American Insurance Company

[Hiring] Contract Surety Claims Manager/Senior Contract Surety Claims Manager @GAIC Great American Insurance Company

Mar 17, 2025 - GAIC Great American Insurance Company is hiring a remote Contract Surety Claims Manager/Senior Contract Surety Claims Manager. 💸 Salary: unspecified. 📍Location: USA.

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Role Description

This position is open to remote work for candidates outside of Cincinnati, OH.

Handles Contract Surety claims of high complexity/exposure
Supervises direct reports’ activities within the Bond Claims department
Investigates, evaluates and adjusts Contract Surety claims
Reviews and evaluates coverage and/or liability
Secures necessary information (i.e., reports, bonds, credit limits, policies, appraisals, releases, statements, contracts 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
Manage and advise a team of Adjusters on involved cases and extend settlement authority to Adjusters as necessary after reviewing case files
May establish reserves and make recommendations to Senior Management on cases exceeding personal authority
Participates in management administration functions, such as SOX (Sarbanes Oxley) Compliance, SOX Testing, Budget Analysis, and Budget Preparation
Prepares analytical reports, including Exposure Analysis, Re-Insurance and Pricing Treaty
As directed, may assist Underwriting, Marketing, Risk Management, and Loss Prevention with projects, including evaluating potential new business
Ensures that the team meets performance targets
Responsible for performance and coaching of staff and decisions regarding talent selection, development, and performance management
Ensures new members of the team receive proper training
Performs other duties as assigned

Qualifications

Bachelor’s Degree or equivalent experience in Business, Liberal Arts, Finance or a related discipline
Generally, 5 to 10 years of Surety Bond claims experience

Benefits

Compensation varies by role, position level, and location
Competitive Total Rewards package, including medical, dental, and vision plans starting on day one
PTO, paid holidays, commuter benefits
Employee stock purchase plan, education reimbursement
Paid parental leave/adoption assistance
401(k) plan with company match
Benefits available to eligible full-time and part-time employees

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📍	Be aware of the location restriction for this remote position: USA
‼	Beware of scams! When applying for jobs, you should NEVER have to pay anything. Learn more.

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Contract Surety Claims Manager/Senior Contract Surety Claims Manager @GAIC Great American Insurance Company

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Salary 💸 unspecified	Remote Location USA
Job Type full-time	Posted Mar 17, 2025

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📍	Be aware of the location restriction for this remote position: USA
‼	Beware of scams! When applying for jobs, you should NEVER have to pay anything. Learn more.

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[Hiring] Contract Surety Claims Manager/Senior Contract Surety Claims Manager @GAIC Great American Insurance Company

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