EPL & D&O Liability 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 CategoryClaim, LegalCompensation OverviewThe 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$111,600.00 - $184,200.00Target Openings1What Is the Opportunity?Travelers Insurance is seeking a highly skilled and knowledgeable 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 a Claim Counsel, you will effectively manage all assigned BSI claims, typically of lower to moderate severity and complexity within our organization and with moderate 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 predominantly lower to moderate severity and complexity, with moderate 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 lower to moderate severity and complexity.Prepare management reports on loss development, financial exposure, and resolution strategies with general 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 moderate 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 lower to 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.Ensure stakeholders/customers feel ‘secure, respected, and cared for’ throughout the duration of the claims process.Ensure compliance with BSI Claims processes, procedures, and best practices.Maintain thorough documentation of claim activities, decisions, and communications, adhering to record-keeping standards and confidentiality protocols.To perform the essential functions of this job, acquisition and maintenance of Insurance Adjuster License(s) is required to comply with state and Travelers’ requirements. Generally, license(s) must be obtained within three months of starting the job and must obtain ongoing continuing education credits as mandated. Additionally, the maintenance of an active legal license in the state of your principal office location and remaining current with all Continuing Legal Education (CLE) is required to perform this role.Prepare timely and thorough coverage evaluations and correspondence to Insureds.Maintain and note claim files pursuant to company best practices.Perform other duties as assigned. What Will Our Ideal Candidate Have?Five or more years of relevant legal or claim handling work experience.Solid ability to effectively work through conflict and resolve issues with a professional demeanor.Solid 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.Strong time management skills with the ability to proactively manage multiple priorities with an attention to detail, data and analytics.Ability to build and maintain effective and collaborative relationships with colleagues,What is a Must Have?Bachelor’s Degree.Juris Doctor Degree.Properly licensed, registered or authorized, and in good standing, to practice law in the jurisdiction in which you will be working.Two years of relevant legal experience.Valid driver’s license or access to alternative means of transportation to travel to mediations, conferences, field offices, trials, and/or depositionsWhat Is in It for You?Health Insurance: Employees and their eligible family members – including spouses, domestic partners, and children – are eligible for coverage from the first day of employment.Retirement: Travelers matches your 401(k) contributions dollar-for-dollar up to your first 5% of eligible pay, subject to an annual maximum. If you have student loan debt, you can enroll in the Paying it Forward Savings Program. When you make a payment toward your student loan, Travelers will make an annual contribution into your 401(k) account. You are also eligible for a Pension Plan that is 100% funded by Travelers.Paid Time Off: Start your career at Travelers with a minimum of 20 days Paid Time Off annually, plus nine paid company Holidays.Wellness Program: The Travelers wellness program is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health program provides access to free professional counseling services, health coaching and other resources to support your daily life needs.Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards program that enables you to give back to the charity of your choice.Employment PracticesTravelers 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.To learn more about our comprehensive benefit programs please visit .SummaryLocation: CT - Hartford; MA - Braintree; MA - BostonType: Full time