ASSOCIATE LEGAL COUNSEL, SURETY

$100,000 - $170,000/Yr

Allianz - Baltimore, MD

Full-time - Mid Level

Remote - Baltimore, MD

Insurance Carriers and Related Activities

About the position

The Associate Surety Legal Counsel will be directly responsible for handling simple to mid-level complexity surety claims, providing legal advice, transactional support, and surety education to internal Surety Underwriters. This role operates with limited direct supervision from the Head of Surety Claims and involves aiding in various related tasks and projects as assigned.

Responsibilities

• 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.

Requirements

• 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
• 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

Nice-to-haves

• Proficiency in French is preferred, but not required

Benefits

• 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