03/24/2022

Bonds & Insurance Compliance Specialist

  • Prokatchers LLC
  • Laurel, MD, United States

Job Description

Position: Bonds & Insurance Compliance Specialist/ Procurement Specialist Sr.

Duration: 12+ Month’s contract (Possible extension)

Location: 14501 Sweitzer Lane, Laurel, MD 20707

Will work a hybrid schedule (In office 2-3 days a week)

Shift Hours: M-F 8AM-4:30PM

Job Description:

  • Responsible for analyzing and determining appropriate insurance coverage and limits and deductibles for contractual transfer of risks in all contracts and leases.
  • Reviews Bonds and Insurance certificates submitted by all prime contractors, consultants, and anyone supplying goods and services to WSSC Water to ensure compliance with Commission, state and Federal regulations and specifications.

Skills Required:

  • Strong Microsoft Excel skills
  • Functional knowledge of Oracle P2P and CTrax Certificate of Insurance tracking software - preferred



Job Requirements:

Experience/ Experience Required:

  • 3+ years’ experience in procurement and contract administration (with BS degree) OR
  • 7+ years’ experience in procurement and contract administration (with HS diploma)

 

Experience/ Education Preferred:

  • Knowledge of investigation techniques, negligence and contract law, medical terminology, construction costs/methods and auto damage appraising
  • Knowledge of multi-line insurance coverage
  • Extensive knowledge of bond coverage and costs
  • Basic knowledge of bid bonds, payment bonds and performance bonds and when they are required
  • Basic knowledge of different types of additional insured endorsements
  • Knowledge and understanding of the differences between construction agreements, professional service agreements and lease agreements
  • Knowledge of types of insurance required for each agreement type
  • Ability to read and interpret insurance policies, insurance certificates and bond indemnification agreements
  • Must be able to lift boxes up to 20 Lbs.

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