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Construction Attorney / Litigation - Construction Attorney in Independence, OH

The Travelers Indemnity Company. Jan 22,2019 Sep 26,2018 Location Independence OH
This job is expired...

In-House

Attorney

Construction

Litigation - Construction

Litigation - Insurance

3-5 yrs required

Profile

Claim Counsel, Bond and SI The candidate will maintain all necessary active adjusters licenses and remain current with all CE credit requirements. Will make appropriate decisions within own claim authority and make appropriate recommendations to management when necessary. Comply with all policies and procedures, including compliance, regulatory and Bond performance and customer service standards. Be accountable for accurate documentation/information in claim file and Bond Claim Management System (BCMS) and adhere to Claim documentation standards (i.e. coverage analysis, reserve and settlement rationale, current diary). Prepare reports (i.e., Large Loss Memos, quarterly claim, EC, trial, class action) to management which accurately reflect loss development, potential/actual financial exposure, coverage issues, claim and recovery strategies. Proactively optimize pre-loss recovery opportunities through indemnitors and collateral. Identify all recovery opportunities and coordinate recovery efforts with the Recovery Management Unit and claims management. Within authority limit, retain, monitor, manage and approve payments to outside counsel on routine litigation matters, actively utilizing litigation management plans and budgets. Guidance is needed for non-routine litigation. Within authority limit, make quick, sound decisions and negotiate terms and conditions consistent with Bond standards. Solicit input and guidance from management when resolving claims which are beyond authority level. Communicate reserve adjustments to underwriting. Assist/mentor less experienced colleagues in claim resolutions. Recognize issues with broader implications to Bond and Travelers. Represent Surety or Management Liability Claim in claim strategic initiatives (or lead team); lead Surety or Management Liability Claim strategic initiatives. Maintain knowledge of coverage, legislative and industry-related initiatives and judicial trends. Share newsletters, webinar information, case analyses, results of counsels legal research and/or litigation strategies with underwriting, Claim and Claim management. Maintain an active license in the state of your principal office location and remain current with all CLE credits. Provide legal support to business partners. Review transactional documents to provide legal advice and risk analysis to business partners on impact to indemnity and security packages. Review customer contracts to provide input on legal advice and risk analysis of contract language. Participate in drafting internal topic documents (e.g., white papers, 50 state surveys). Review and analyze Bond forms to provide input on legal advice and risk analysis to underwriting. Provide legal advice on litigation strategies. Research legal issues for business partners and claim team. Participate in drafting indemnity agreements and riders (Surety Claim). Maintain current knowledge of relevant legal issues and trends in the surety market place through review of legal publications.

Qualification and Experience

The candidate should have Bachelors degree. Juris doctorate degree is required. Licensed to practice law in the state is essential. 3-5 years of surety claim handling, construction claim/litigation or other related experience is strongly preferred. Must have strong communication (written and verbal), influencing, negotiating, listening and interpersonal skills to effectively develop productive internal and external relationships. Must have strong legal research skills. Effectively articulates legal issues to claim team, business partners and customers. Knowledge of moderately complex claims (e.g. non-routine, multi-party litigation) is essential.

Additional info

Ref. 17302BR

Company info