Managing Counsel, Claim

Compensation Overview $111,600.00 - $184,200.00
What Is the Opportunity? Bond & Specialty Insurance (BSI) provides management and professional liability, cyber, crime insurance, and surety bonds to or on behalf of businesses 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 optimize claim results. In this role you will provide legal advice to underwriting and non-attorney claim colleagues and participate in BSI claim strategic initiatives.
Responsibilities Follow operational policies to analyze, investigate, and resolve BSI 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 strategies.
Retain, monitor, and manage outside counsel actively utilizing litigation management plans and budgets.
Communicate with underwriting on significant claim exposures.
Identify 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.
Refine policy interpretation and coverage analysis skills including drafting coverage opinions with case law included.
Negotiate settlements and resolutions, review releases and settlement agreements, including confidentiality and non-disclosure provisions.
Support underwriting marketing efforts, including participation in broker and account visits, risk mitigation seminars, and authoring customer-focused white papers and articles.
Monitor marketplace conditions, conduct research, and draft reference materials to inform claim and underwriting colleagues on law impacting Travelers' underwriting and claim decisions.
Obtain and maintain required adjusters' licenses.
Perform other duties as assigned.
Qualifications Five or more years of relevant legal or claim-handling work experience.
Demonstrated ability to work through conflict and resolve issues with a professional demeanor.
Ability to make sound decisions and negotiate terms and conditions within designated authority limits.
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 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 (must-have foundation).
Benefits Health insurance for employees and eligible family members—including spouses, domestic partners, and children—effective from the first day of employment.

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