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Selective Insurance Company of America logo
Selective Insurance Company of America

Selective is a midsized U.S. domestic property and casualty insurance company with a history of strong, consistent financial performance for nearly 100 years. Selective's unique position as both a leading insurance group and an employer of choice is recognized in a wide variety of awards and honors, including listing in Forbes Best Midsize Employers in 2025 and certification as a Great Place to Work® in 2025 for the sixth consecutive year. Employees are empowered and encouraged to Be Uniquely You by being their true, unique selves and contributing their diverse talents, experiences, and perspectives to our shared success.

Bond Claims Specialist

Claims SpecialistClaims SpecialistOtherRemoteMid LevelTeam 1,001-5,000

Location

United States

Posted

102 days ago

Salary

$124K - $169K / year

Seniority

Mid Level

No structured requirement data.

Job Description

Bond Claims Specialist

Selective Insurance Company of America

This description is a summary of our understanding of the job description. Click on 'Apply' button to find out more. Role Description Manage a caseload of contract surety performance and payment claims, commercial surety and some commercial crime claim files with single bond limits of up to twenty five million dollars and aggregate exposure of up to sixty million dollars. This includes: - Investigating and negotiating assigned claims through telephone, personal contact, including construction site visits and/or written correspondence. - Managing outside counsel and consultants in the investigation and resolution process. - Overseeing the company’s interest in bankruptcy proceedings and lien contests. - Responsible for subrogation and salvage actions against the account in claim and potentially responsible parties. - Providing feedback to underwriting on claim losses and supporting new business involving complex transactions. - Updating policies and procedures based on trends and evolving regulatory climate. Qualifications - Experience in federal and state bond coverage analysis and significant large loss evaluations. - Superior communication and strategic negotiation skills. - Excellent presentation skills. - Strong proficiency with standard business-related software including Microsoft Outlook, Word, Excel, and PowerPoint. - Sufficient keyboarding proficiency to enter data accurately and efficiently; multi-State licensing. - Valid state-issued driver’s license in good standing. Requirements - College degree preferred. - Law degree strongly preferred with admission to and current good standing with at least one state bar. - 5-10 years of surety claims handling experience with a U.S. Treasury listed surety bond writer. Benefits - Competitive base salary. - Incentive plan eligibility at all levels. - Comprehensive health care plans. - Retirement savings plan with company match. - Discounted Employee Stock Purchase Program. - Tuition assistance and reimbursement programs. - 20 days of paid time off.

Job Requirements

  • Experience in federal and state bond coverage analysis and significant large loss evaluations.
  • Superior communication and strategic negotiation skills.
  • Excellent presentation skills.
  • Strong proficiency with standard business-related software including Microsoft Outlook, Word, Excel, and PowerPoint.
  • Sufficient keyboarding proficiency to enter data accurately and efficiently; multi-State licensing.
  • Valid state-issued driver’s license in good standing.
  • College degree preferred.
  • Law degree strongly preferred with admission to and current good standing with at least one state bar.
  • 5-10 years of surety claims handling experience with a U.S. Treasury listed surety bond writer.

Benefits

  • Competitive base salary.
  • Incentive plan eligibility at all levels.
  • Comprehensive health care plans.
  • Retirement savings plan with company match.
  • Discounted Employee Stock Purchase Program.
  • Tuition assistance and reimbursement programs.
  • 20 days of paid time off.

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