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About the Role

The Bond & Specialty Insurance (BSI) Claim Counsel team investigates, analyzes, evaluates, and disposes of claims and claim litigation to achieve superior customer service and optimize claim results. The Financial Institutions Team provides management liability coverage for financial institutions. This role will provide legal advice to underwriting and non-attorney claim colleagues and participate in BSI claim strategic initiatives.

Responsibilities

Analyze, investigate, and resolve Financial Institution liability claims with active supervision.
Prepare and present reports for management detailing loss development, financial exposure, reserve adjustments, coverage issues, and claim/recovery strategies.
Retain, monitor, and manage outside counsel using litigation management plans and budgets.
Communicate significant claim exposures to underwriting.
Travel to and attend mediations, settlement conferences, claim conferences, field office visits, trials, and depositions.
Identify recovery opportunities and coordinate recovery efforts.
Refine policy interpretation/coverage analysis skills, including drafting coverage opinions with case law.
Develop negotiation skills for settlements/resolutions, review releases and settlement agreements.
Support underwriting marketing efforts, including participation in broker/account visits and risk mitigation seminars.
Author customer-focused white papers and articles.
Monitor marketplace conditions, conduct research, and draft reference materials on impacting law.
Obtain and maintain required adjusters’ licenses.
Perform other duties as assigned.

Requirements

One to five years of relevant legal or claim handling work experience.
Ability to effectively work through conflict and resolve issues with a professional demeanor.
Ability to make sound decisions and negotiate terms and conditions within designated authority limit.
Strong verbal and written communication skills with the ability to clearly articulate coverage determinations.
Time management skills with the ability to manage multiple priorities with an attention to detail, data and analytics.
Ability to build and maintain effective and collaborative relationships with colleagues, customers, and business partners.
Properly licensed, registered or authorized, and in good standing, to practice law in the jurisdiction in which you will be working.

Skills

Legal advice
Claim investigation
Claim analysis
Claim evaluation
Claim disposition
Litigation management
Coverage analysis
Negotiation
Communication
Time management
Data and analytics

Location

Nationwide

Work Type

Full-time

Experience Level

1-5 years

Education Level

Bachelor's Degree
Juris Doctorate Degree

Salary/Compensations

$89,800.00 - $148,300.00

Benefits

Health Insurance for employees and eligible family members from day one.
401(k) matching contributions.
Student loan debt assistance through the Paying it Forward Savings Program.
Pension Plan 100% funded by Travelers.
Minimum of 20 days Paid Time Off annually.
Nine paid company Holidays.
Wellness Program with tools, discounts, and resources.
Mental health program with access to free professional counseling, health coaching, and resources.
Volunteer Encouragement with Matching Gift and Volunteer Rewards program.

About the Company

Travelers has maintained its reputation as one of the best property casualty insurers in the industry for over 170 years.
We foster a culture that is rooted in innovation and thrives on collaboration.

Equal Opportunity

Travelers is an equal opportunity employer.
We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences.
In accordance with local law, candidates seeking employment in Colorado are not required to disclose dates of attendance at or graduation from educational institutions.
If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email so we may assist you.
Travelers reserves the right to fill this position at a level above or below the level included in this posting.