Claim Counsel, Recovery Management

2-5 yrs required

Full-time

No

Title: Claim Counsel, Recovery Management - Remote Position with Hybrid Work Options (CT, IL)

Salary: $105, - $173, per year

Department: Claim, Legal

Company: Travelers

Job Requisition ID: R-34586

Location: CT - Hartford, IL - Naperville

Time Type: Full time

Posted On: Posted 2 Days Ago

Overview:

Travelers is a leading property casualty insurance company with over 160 years of industry experience. We are committed to providing exceptional customer service and fostering a culture of innovation and collaboration. Join our team and love what you do and where you do it.

Compensation:

The annual base salary range for this position is a nationwide market range, and the actual salary will be determined based on factors such as location, scope and complexity of the role, and the candidate's qualifications and experience. As part of our comprehensive compensation and benefits program, employees are also eligible for performance-based cash incentives.

Responsibilities:

- Conduct thorough investigation, analysis, evaluation, and disposition of Bond & Specialty Insurance (BSI) claims to achieve superior customer service and optimize claim results.
- 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.
- 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.
- Research, analyze and provide recovery and loss mitigation advice to claim and underwriting colleagues on claims of varying complexity.
- Obtain and maintain required licenses.
- Perform other duties as assigned.

Qualifications:

- Bachelor’s Degree and Juris Doctorate Degree.
- Properly licensed, registered or authorized, and in good standing, to practice law in the jurisdiction in which you will be working.
- Five or more years of relevant legal or claim handling work experience.
- Demonstrated ability to effectively work through conflict and resolve issues with a professional demeanor.
- 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: Employees and their eligible family members are eligible for coverage from the first day of employment.
- Retirement: Travelers matches your 401(k) contributions dollar-for-dollar up to your first 5% of eligible pay, and also offers a Pension Plan that is 100% funded by Travelers.
- Paid Time Off: Start your career at Travelers with a minimum of 20 days Paid Time Off annually, plus nine paid company Holidays.
- Wellness Program: Our wellness program offers tools and resources to help employees achieve their wellness goals, and our Life Balance program provides access to professional counseling services, life coaching, and other resources to support daily life needs.
- Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards program that enables you to give back to the charity of your choice.

Employment Practices:

Travelers is an equal opportunity employer and is committed to promoting diversity and inclusion in our workforce. We believe that a diverse and inclusive team leads to better products and services for our diverse customer base. We are dedicated to recruiting, retaining, and developing diverse talent and fostering an inclusive workplace where we celebrate differences and promote belonging. If you have specific questions about the physical requirements of this role, please , per year.
- The ideal candidate will have a Bachelor’s Degree, Juris Doctorate Degree, and two years of relevant legal experience.
- As part of our comprehensive compensation and benefits program, employees are also eligible for performance-based cash incentives.
- We are committed to diversity and inclusion and strive to create an inclusive workplace where all employees feel valued and supported.
- At Travelers, we believe in giving back to our communities and encourage our employees to get involved through our Matching Gift and Volunteer Rewards program.

if you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email so we may assist you. to learn more about our comprehensive benefit programs please visit /

Legal