Claim Counsel, Recovery Management

2-5 yrs required

Full-time

No

Salary: $105, - $173, per year
Job Title: Claim Counsel, Recovery Management
Experience: 5 or more years of relevant legal or claim handling work experience
Location: Remote/hybrid (CT-Hartford, IL-Naperville)
Time Type: Full time
Job Requisition ID: R-34586

Overview:
- Travelers is a highly reputable property casualty insurer with over 160 years of experience in the industry.
- The company is committed to taking care of their customers, communities, and employees.
- They offer a culture that values innovation and collaboration, and strives to create a positive work environment.
- The company is currently seeking a Claim Counsel for their Recovery Management team.
- This role involves conducting thorough investigations, analysis, and evaluation of claims to achieve superior customer service and optimize claim results.
- The position also includes providing legal advice to colleagues and participating in strategic initiatives.
- The Recovery Management team focuses on subrogation, salvage, and loss mitigation on Surety and Management Liability claims.

Responsibilities:
- Analyze, investigate, and resolve BSI claims of varying levels of severity, while following operational policies.
- Prepare and present reports for management that accurately reflect loss development, potential/actual financial exposure, and other important information.
- Retain, monitor, and manage outside counsel and actively utilize 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 attend mediations, settlement conferences, claim conferences, and other important events.
- 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 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.
- Strong conflict resolution skills and ability to make sound decisions.
- Strong verbal and written communication skills.
- Time management skills and attention to detail.
- Ability to build and maintain effective and collaborative relationships with colleagues, customers, and business partners.

Benefits:
- Health insurance for employees and their eligible family members from the first day of employment.
- Retirement benefits, including a 401(k) matching program and a Pension Plan.
- Paid time off, including 20 days annually and nine paid company holidays.
- Wellness program and access to professional counseling services.
- Volunteer encouragement through a Matching Gift and Volunteer Rewards program.

Travelers is an equal opportunity employer and is committed to diversity and inclusion in the workplace. They believe in recruiting, retaining, and developing a diverse workforce to better serve their customers and communities. The company also offers comprehensive benefits to their employees.

To learn more about the benefits and opportunities at Travelers, visit their careers website. Apply now to join a company that values their employees and strives for excellence in their industry.

Not specified

Health insurance, retirement plans, paid time off, wellness program, volunteer encouragement

Not specified

Legal analysis, claim investigation, evaluation, and disposition, customer service, litigation management, loss mitigation, negotiation, time management, relationship building, communication, data analytics, wellness, volunteerism

Bachelor's Degree, Juris Doctorate Degree

Apply through the company's website or email with specific questions about physical requirements

Qualification and Experience Bachelor's Degree, Juris Doctorate Degree, Proper legal licensing and registration, Two years of relevant legal experience

Legal