Claim Counsel - Recovery Management Unit, Bond & Specialty Insurance

Follow operational policies to analyze, investigate, and resolve BSI recovery claims of varying levels of severity with moderate supervision from claims management. Prepare and present reports for management that accurately reflect loss development, potential/actual financial exposure, reserve adjustments, coverage issues, and claim and recovery status of recovery claims and recovery, litigation and settlement strategies. Retain, monitor, and manage outside counsel actively utilizing litigation management plans and budgets. Communicate with underwriting on significant claim exposures recovery opportunities. Continue to develop the ability to identify all recovery opportunities and coordinate recovery efforts with the Recovery Management Unit and Claim management. Travel to and attend mediations, settlement conferences, claim conferences, field office visits, trials and depositions. Coordinate recovery efforts with Claim Professionals to identify potential sources of recovery and optimize loss mitigation opportunities. Continue to develop the ability to identify potential sources of recovery, and to analyze, investigate, develop and refine recovery strategies, and resolve claims within authority; retain, manage and direct outside counsel and vendors to optimize outcomes and resolve recovery claims of varying levels of severity. Research, analyze and provide recovery and loss mitigation advice to claim and underwriting colleagues on claims of varying complexity, including drafting/reviewing settlement agreements, releases, assignments, and/or other documents modifying recovery policy provisions or impacting recovery opportunities, and provide transactional support to claim and underwriting colleagues. Requirements Five or more years of relevant legal commercial litigation and/or claim handling work subrogation experience, and experience with surety bonds, and/or cyber, crime, and management liability product lines, is preferred. Demonstrated 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. Bachelor’s Degree. Juris Doctorate 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. #J-18808-Ljbffr Jobtailor