Job Details

Associate Claim Counsel Epl Do

Company name

Organization Type

In-House

Job Type

Attorney

Date Last Verified

Oct 17,2019

Valid Through

Jan 30,2020

Posted on

Sep 06,2019

Years of Experience

Min 1 yrs required

Location

Walnut Creek, CA, United States

Employment Type

Full-time

Industry

Legal
Practice Area
Labor & Employment >> Labor & Employment
Litigation >> Litigation - General/Commercial
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Associate Claim Counsel, EPL & D&O
The candidate will effectively manage all assigned Management Liability Third-Party claims of moderate complexity, including Employment Practices Liability and Directors & Officers Liability Bond claims. Fulfill Bond & Specialty Insurance (“Bond”) Claim’s mission by conducting a thorough investigation, analysis, evaluation and disposition of claims to achieve superior customer service and claim results at the most reasonable cost. Interact and collaborate with underwriting colleagues as well as with external business associates. Maintain all necessary active adjusters' licenses and remain current with all CE credit requirements. Within authority limit, analyze, investigate, negotiate and resolve low to moderate severity Bond claims with active supervision by claims management. Enhance decision making skills and confidence necessary to make appropriate decisions within own claim authority and to make appropriate recommendations to management when necessary. Learn operational policies, procedures, workflow and performance standards in order to comply with all regulatory and Bond customer service standards. Be accountable for accurate documentation/information in claim file and Bond Claim Management System (BCMS). Learn and adhere to Claim documentation standards (e.g. coverage analysis, reserve and settlement rationale, current diary). Prepare reports (e.g. Large Loss Memos, quarterly claim, EC, trial, class action) to management that accurately reflect loss development, potential/actual financial exposure, coverage issues, and claim and recovery strategies. Surety: Proactively optimize pre-loss recovery opportunities through indemnitors and collateral. Management Liability: Proactively optimize pre-loss recovery opportunities through identification of potential sources of recovery, to include potential responsible party, co-conspirators, beneficiaries and any third parties (Accountants and Banking Institutions, Scrap Yards, Employment Agencies, E&O, or other insurance, etc.). 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. Learn and utilize negotiating skills and strategies within a litigation and non-litigation context. Keep claims management apprised of all claims being handled, seeking input and guidance, as necessary, for prompt resolution. Communicate reserve adjustments to underwriting. Learn and develop product knowledge. Gain an overall understanding of all Bond Business Units and Travelers businesses. 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. Share newsletters, webinar information, case analyses, results of defense 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 and analyze Bond forms to provide input on legal advice and risk analysis to underwriting. Participate in drafting indemnity agreements and riders. Review transactional documents to provide legal advice and risk analysis to business partners. Review customer contracts to provide input on legal advice and risk analysis of contract language. 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. Perform other duties as assigned. Bachelors degree required. Juris doctorate degree required. Properly licensed, registered or authorized, and in good standing, to practice law in the jurisdiction in which you will be working. Employment-law experience preferred.

Additional info

Ref: 21920BR

Company info

Hiring Coordinator
The Travelers Indemnity Company.
P.O. Box 8112
Walnut Creek, CA 94596-8112

Review:

"Possibly a Perfect Workplace"

Current Employee - Reviewed on December 16, 2017

Remind people that socializing is optional and keep people from stressing from it too much but also encourage those that want to join in to do so.

Pros : Not only is everyone here paid fairly but everyone just seems to get along and is fairly relaxed. It would be in character for most people to say hello outside of work and just chat.
Cons : Some people may hate the forced feeling of interacting with co-workers outside of normal work hours if they have a hard time with dealing with people.
Current or former employee? : Current Employee

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