Contract specialist Jobs in Tallahassee, FL

Overview

Crum & Forster (C&F) , with a proud history dating to 1822, provides specialty and standard commercial lines insurance products through our admitted and surplus lines insurance companies. C&F enjoys a financial strength rating of "A" (Excellent) by AM Best and is proud of our superior customer service platform. Our claims and risk engineering services are recognized as among the best in the industry.

Our most valuable asset is our people : more than 2000 employees in locations throughout the United States. The company is increasingly winning recognition as a great place to work, earning several workplace and wellness awards, including the October 2023 Great Place to Work Award for our employee-first focus and our steadfast commitment to diversity, equity and Inclusion.

C&F is part of Fairfax Financial Holdings, a global, billion dollar organization. For more information about Crum & Forster, please visit our website :

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Job Description

Executive Specialist, Surety Claim

Crum & Forster is looking for a self-starter who enjoys being a key part of a dynamic claims team. The Claims Specialist will manage an assigned pending of various types of contract surety bond claims. The Claims Specialist will work closely with the bond underwriting division to assist underwriters on taking appropriate action on the bonded programs and will operate under appropriate levels of supervision and within established authority. The position will report directly to the AVP or Senior Manager of Surety Claims and can be a remote position.

What you will do for C&F :

• Adjust contract surety bond claims by receiving claim assignments, communicating with claimants and principals, investigating claims, analyzing documentation, understanding coverage under the bonds, evaluating exposure, setting reserves, making payments, and asserting indemnification rights.
• Evaluate the appropriate method and extent of investigation for each claim.
• Review underwriting files and bond and indemnity agreements.
• Communicate promptly to claimants and bonded principal / indemnitors.
• Analyze claim, verify applicability of coverage, and evaluate exposure on a variety of bond types in various jurisdictions.
• Draft appropriate position letters to claimants and / or principal and indemnitors, when necessary.
• Work with principals and indemnitors to promptly resolve claims under their duty to indemnify the Surety and make formal indemnification demands on principals and indemnitors, when necessary.
• Manage litigated claims toward a prompt and reasonable resolution.
• Appropriately manage, direct and budget outside counsel and consultants.
• Consult with management at all levels of the claims department to strategize and make recommendations where assistance and consultation is needed on claims exceeding assigned authority.
• Prepare reports, document claim files, review and manage outstanding files, as assigned, for adequacy and timeliness of investigation, evaluation and reserving, and maintain a timely diary for each assigned claim.
• Assess recovery potential and collaborate with outside recovery firms to coordinate salvage.
• Provide superior customer service to policyholders and external vendors and agents during entirety of the claims handling process.
• Complete special projects and tasks, as assigned.

What you will bring to C&F

LI-MS

LI-REMOTE

What C&F will bring to you

At C&F you will BELONG

If you require special accommodations, please let us know. We value inclusivity and diversity. We are committed to equal employment opportunity and welcome everyone regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity, or Veteran status. If you require special accommodations, please let us know

Crum & Forster is committed to ensuring a workplace free from discriminatory pay disparities and complying with applicable pay equity laws. Salary ranges are available for all positions at this location, taking into account roles with a comparable level of responsibility and impact in the relevant labor market and these salary ranges are regularly reviewed and adjusted in accordance with prevailing market conditions. The annualized base pay for the advertised position, located in the specified area, ranges from a minimum of $82,900 to a maximum of $121,600. The actual compensation is determined by various factors, including but not limited to the market pay for the jobs at each level, the responsibilities and skills required for each job, and the employee’s contribution (performance) in that role. To be considered within market range, a salary is at or above the minimum of the range. You may also have the opportunity to participate in discretionary equity (stock) based compensation and / or performance-based variable pay programs.