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Senior Claim Counsel

Travelers

New York, NY, United States of America
Full-time, Regular
Posted 2 days ago
Hybrid

About the role

Senior Claim Counsel – Travelers Careers

Responsibilities

  • Follow operational policies to analyze, investigate, and resolve BSI claims of varying levels of severity with limited 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 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.
  • Refine policy interpretation/coverage analysis skills including drafting coverage opinions with case law included.
  • Negotiate settlements/resolutions, review releases and settlement agreements, including confidentiality and non-disclosure provisions.
  • Support underwriting marketing efforts, including participation in broker and account visits and 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.

Requirements

  • Six or more years of relevant legal or claim handling work experience.
  • Public Company D&O Reps & Warranties claim handling experience.
  • 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.

Benefits

  • Health Insurance
  • Retirement
  • Paid Time Off
  • Wellness Program
  • Volunteer Encouragement

About the Company

Taking care of our customers, our communities and each other. That’s the Travelers Promise.

Job Details

Salary Range

$135,700 - $223,900/yearly

Location

New York, NY, United States of America

Employment Type

Full-time, Regular

Original Posting

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