Reporting Line: AVP, Head of Surety Claims
With limited direct supervision of Head of Surety Claims, the Associate Surety Legal Counsel will be directly responsible for handling simple to mid-level complexity surety claims, as well as providing legal advice, transactional support, and surety education to internal Surety Underwriters. The Associate Surety Legal Counsel will also aid Head of Surety Claims in other related tasks and projects as periodically assigned.
Key Responsibilities and Duties
Independent handling of surety claims matters of a simple to mid-level complexity, in both Contract and Commercial sectors, including identifying all recovery opportunities to mitigate loss. Developing strong working relationships with Surety Underwriting and Operations teams members globally. Providing timely and accurate legal counsel on surety underwriting and business matters including review, drafting, or revising indemnity agreements, bonds, riders, counter-guarantees, international indemnity deeds/agreements, risk participation agreements, reimbursement agreements, letters of credit, intercreditor agreements, and related banking and surety documents with limited supervision by Head of Surety Claims Assisting in preparation and presentation of monthly/quarterly claims reporting functions within the Organization Assisting in the preparation and presentation of periodic educational sessions to internal surety underwriting and operations staff Coordinating with Surety teams globally to ensure alignment on risk, legal and surety underwriting issues. Collaborating with outside counsel and consultants on claim and underwriting matters. Obtaining and maintaining required state adjuster’s licenses. Actively participating in surety industry groups and local surety events.
Required Qualifications and Skills
Bachelor’s Degree and Juris Doctor from ABA accredited institution Admission to practice law in at least one U.S. jurisdiction; 4-7 years of Surety industry legal experience preferably including in-house experience at a Surety Company. Experience with financial institution/banking matters is a plus. Established track record of increasing responsibility related to administration of simple to mid level surety claims matters as well as surety underwriting legal and transactional support preferable with cross-border experience Time management skills with the ability to manage multiple priorities with strong attention to detail, data and analytics. Experience working with Canada and/or other cross-border underwriting and indemnity matters is preferred Experience in litigation management and coordination with outside legal counsel Ability to work in fast paced, service driven environment Sound interpersonal skills in order to effectively work in a multidisciplinary cross border team environment Strong communication and analytical skills Ability to work independently with limited oversight while understanding when to collaborate with Head of Surety Claims on unique/unfamiliar matters Microsoft Excel/PowerPoint proficiency Proficiency in French is preferred, but not required
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Compensation range:
$100,000-$170,000
Placement within the range provided above is based on the individual’s relevant experience, skills for the role, and location. Salary ranges are only one component of our total compensation package.
Benefits:
We value your goals and needs, at work and in life. As an associate, you’ll be supported with resources, benefits, and work-life balance so you can thrive in ways that matter to you.
Featured employee benefits to enrich your life:
· Competitive compensation
· Annual bonus eligibility and/or commission structure opportunities
· 401(k) discretionary match of up to 6%
· Flexible work schedules
· Health and wellness benefits
· Paid time off for vacation, illness, Birthday Day Off and Volunteer Day Off
· Tuition Reimbursement
· Family care resources, including fertility and adoption benefits
Learn more about our benefits here:
https://rcmd-connect.com/allianztrade/
62944 | Legal & Compliance | Professional | Non-Executive | Allianz Trade | Full-Time | Permanent
Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us.
We at Allianz believe in a diverse and inclusive workforce and are proud to be an equal opportunity employer. We encourage you to bring your whole self to work, no matter where you are from, what you look like, who you love or what you believe in.
We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability or sexual orientation.
Great to have you on board. Let's care for tomorrow.