Associate Senior Claim Counsel

Who Are We?

Taking care of our customers, our communities and each other. That’s the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 170 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.

Job Category

Claim, Legal

Compensation Overview

The annual base salary range provided for this position is a nationwide market range and represents a broad range of salaries for this role across the country. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment.

As part of our comprehensive compensation and benefits program, employees are also eligible for performance-based cash incentive awards.

Salary Range

$ - $

Target Openings

2

What Is the Opportunity?Travelers Insurance is seeking a highly skilled and knowledgeable Associate Sr Claim Counsel to join our Bond & Specialty Insurance team. Bond & Specialty Insurance (BSI) provides management and professional liability, cyber, crime insurance, and surety bonds to or on behalf of businesses and/or nonprofits of all sizes. The BSI Claim Counsel team conducts thorough investigation, analysis, evaluation, and disposition of claims and claim litigation to achieve superior customer service and to optimize claim results.

As an Associate Sr Claim Counsel, you will effectively manage all assigned BSI claims, typically of moderate severity and complexity with minimal guidance from management. You will manage outside counsel relationships, negotiate settlements, and ensure stakeholders are supported throughout the claims process. In addition to comprehensive claim and risk management, you also will provide legal advice and/or insight to our underwriting colleagues and non-attorney claim colleagues and contribute to BSI claim strategic initiatives.
What Will You Do?

• Analyze, investigate, and resolve Bond & Specialty claims of moderate severity and complexity with minimal supervision, following operational policies.
• Retain, monitor, and manage outside counsel (and other vendors as applicable) by actively utilizing incident response and/or litigation management plans and budgets, and negotiate settlements when appropriate to ensure effective legal and/or claim outcomes involving litigation matters of moderate severity and complexity.
• Prepare management reports on loss development, financial exposure, and resolution strategies with minimal guidance from management.
• Develop and coordinate recovery efforts with the Recovery Management Unit to optimize loss mitigation opportunities, as needed.
• Attend mediations, settlement conferences, trials, depositions to support claim resolution, and may attend other internal/external business meetings.
• With minimal oversight, provide a variety of legal and business support to underwriting colleagues which varies by business unit and may include negotiating indemnity documentation, drafting product forms and endorsements, reviewing contracts and bond forms, all involving matters of moderate complexity, and supporting marketing and/or risk management efforts through broker visits and seminars.
• Monitor industry trends and market dynamics, and proactively communicate key insights and strategic initiatives to relevant stakeholders.
• May provide coaching, mentoring, and strategic guidance to predominantly entry level claim professionals within business unit.
• Ensure stakeholders/customers feel ‘secure, respected, and cared for’ throughout the duration of the claims…