Surety Engineer II

Responsible for technical engineering and construction analyses of performance, payment and surety bond disputes and claims. These functions include analyses, oversight responsibility and resolution. Leads teams of consultants, contractors and others in management and coordination of resolution of claims.

Evaluates contractor internal controls and job cost systems specifically related to estimating and project management. Perform project bid/spread analysis on significant variances and provide pre-bid commentary/ risk analysis on atypical projects.

Responsibilities: 

1. Responsible for technical and construction analyses of performance, payment and surety bond disputes and claims.

2. Evaluates the Surety's loss exposures on bond defaults. Role includes site inspections of projects, evaluation of contract plans and specifications, construction schedules, expert reports, and the preparation of cost-to-complete analysis. Manage consultants' investigation, analyses and preparation of reports, as needed. Provides recommendations as to choice of remedies (default, cure, takeover or relet) and participates in establishing loss and expense reserves. Assists with the management of tenders, takeovers, and project completion by consultants and or completion contractors.

3. As needed, assist Counsel with engineering and construction management issues which may include pre-trial preparation, mediation, arbitration, and alternative dispute resolution. Responsibilities include conducting technical research, interviewing claimants, and serving as an expert witness on construction contracts and bond claims.

4. Acts as a resource to the surety claims team and in coordination with counsel in resolution of performance, payment and bond disputes and defaults, including monitoring workflows and quality and quantity of work. Utilize management reports, surveying claim files and communicating with customers. Identify problems and ensure implementation of corrective action.

5. As needed, visits contractors to evaluate internal controls, job cost systems and reporting capabilities and management oversight of business activities. This includes reviewing contracts, schedules, estimates, job cost reports, cost-to-complete schedules and interviewing key personnel. If needed, prepare a written report outlining key deficiencies with suggestions to improve the operations.

6. Review project bid-spreads when significant variance is identified. Procedures may involve securing estimating and bid documentation, contract/RFPs (including drawings and specifications) and interview of estimator.

7. Provide pre-bid technical analysis when the prospective project has unusual and/or atypical elements within the bonded scope of work.

8. Together with Surety Counsel and Sr Surety Claims Specialists, supports corporate internal audit program to ensure accuracy and adherence to corporate policy and accounting procedures.