Full-Time

Contract Surety Claims Manager/Senior Contract Surety Claims Manager

Confirmed live in the last 24 hours

American Financial Group

American Financial Group

1,001-5,000 employees

No salary listed

Senior, Expert

Cincinnati, OH, USA

Remote work is available for candidates outside of Cincinnati, OH.

Category
Insurance
Finance & Banking
Required Skills
Risk Management
Requirements
  • Bachelor’s Degree or equivalent experience.
  • Generally, 5 to 10 years of Surety Bond claims experience.
Responsibilities
  • Handles Contract Surety claims of high complexity/exposure as well as 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.
American Financial Group

American Financial Group

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Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Cincinnati, Ohio

Founded

1872

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Simplify's Take

What believers are saying

  • Embedded insurance integration could increase sales and customer satisfaction for American Financial Group.
  • Cybersecurity advancements may attract more clients seeking secure financial services.
  • Institutional confidence, as shown by Norges Bank's investment, supports growth prospects.

What critics are saying

  • Competition in embedded insurance could impact American Financial Group's market share.
  • Rising interest rates may reduce American Financial Group's investment income.
  • Digital insurance platforms could disrupt American Financial Group's traditional business models.

What makes American Financial Group unique

  • American Financial Group focuses on embedded insurance, enhancing customer convenience and sales.
  • The company promotes cybersecurity leadership, emphasizing security in financial operations.
  • Strong institutional investments indicate confidence in American Financial Group's financial health.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Paid Vacation

Paid Holidays

Commuter Benefits

Employee Stock Purchase Plan

Education Reimbursement

Paid Parental Leave

Adoption Assistance

401(k) Retirement Plan

401(k) Company Match

Company News

MarketBeat
Feb 28th, 2025
A&I Financial Services LLC Invests $576,000 in American Financial Group, Inc. (NYSE:AFG)

A&I Financial Services LLC invests $576,000 in American Financial Group, Inc. (NYSE:AFG).

Stock Titan
Feb 24th, 2025
American Financial Group, Inc. Management to Participate in the 2025 Association of Insurance and Financial Analysts (AIFA) Conference

American Financial Group (NYSE: AFG) has announced its leadership team's participation in the upcoming 2025 Association of Insurance and Financial Analysts (AIFA) Conference on March 4, 2025.

Defense World
Oct 3rd, 2024
Heritage Wealth Management Inc. Invests $307,000 in American Financial Group, Inc. (NYSE:AFG)

Heritage Wealth Management Inc. invests $307,000 in American Financial Group, Inc. (NYSE:AFG).

Defense World
Aug 5th, 2024
Swedbank AB Makes New $133,000 Investment in American Financial Group, Inc. (NYSE:AFG)

Swedbank AB makes new $133,000 investment in American Financial Group, Inc. (NYSE:AFG).

Stock Titan
Jun 27th, 2024
JD Rogers Promoted to Vice President and Chief Information Security Officer within American Financial Group, Inc.

CINCINNATI-(BUSINESS WIRE)- American Financial Group, Inc. (NYSE: AFG) is pleased to announce the promotion of JD Rogers to Vice President & Chief Information Security Officer.