Sr Claim Counsel, Bond & SI

3-6 yrs required

Full-time

No

Sr Claim Counsel, Bond & Specialty Insurance - Remote Hybrid - Full Time - Hartford, CT

The Travelers Promise: Taking care of customers, communities, and each other for over 160 years

- Annual base salary range of $131, - $216,
- Performance-based cash incentive awards
- Full benefits package including health insurance, retirement plans, and paid time off
- Opportunities for career growth and development
- Inclusive and diverse workplace culture

Job Summary:

The Sr Claim Counsel will be responsible for handling and resolving complex Bond & Specialty Insurance claims with limited supervision. They will also provide legal advice to underwriting colleagues and non-attorney claim colleagues, and contribute to strategic initiatives within the department. This position will be a remote hybrid role, with the employee working primarily from home and occasionally traveling to the Hartford, CT office.

Key Responsibilities:

- Analyze, investigate, and resolve Bond & Specialty Insurance claims of varying severity
- Prepare and present reports for management on loss development, financial exposure, and claim strategies
- Retain and manage outside counsel for litigation cases
- Communicate with underwriting on significant claim exposures
- Provide legal review and advice to underwriters on bond obligations and contract documents
- Engage in account risk mitigation analysis and advise on mitigation strategies
- Monitor account bankruptcy proceedings and draft proofs of claim
- Negotiate the resolution of bonded obligations on defaulted contracts and other agreements
- Review marketplace conditions and draft reference materials to inform colleagues on relevant laws
- Support underwriting marketing efforts through participation in events and writing customer-focused materials
- Obtain and maintain required adjusters' licenses

Qualifications:

- Bachelor's Degree and Juris Doctorate Degree
- Properly licensed, registered, or authorized to practice law in the jurisdiction of work
- 6+ years of relevant legal or claim handling experience
- Strong decision-making and negotiation skills
- Excellent communication and time management abilities
- Ability to build and maintain effective relationships with colleagues, customers, and business partners

Employee Benefits:

- Health insurance coverage for employees and their eligible family members from day one
- Matching 401(k) contributions and a Pension Plan
- Paid time off and company holidays
- Wellness programs and access to counseling services
- Volunteer opportunities and rewards program

At Travelers, we are committed to diversity and inclusion in our workforce. We believe that our diverse talent makes us stronger and allows us to better serve our customers and communities. We are an equal opportunity employer and encourage all qualified individuals to apply. We strive to create an inclusive workplace where differences are celebrated, and all employees feel a sense of belonging and can contribute to our success.

If you have any specific questions regarding the physical requirements of this role, please contact us for assistance. Travelers reserves the right to fill this position at a level above or below the level included in this posting.

For more information about our comprehensive benefits package, visit our website at /.

negotiate the resolution of bonded obligations on defaulted contracts, and terms of agreements including indemnity agreements, letters of credit, set aside letters from lenders, intercreditor agreements and subordination agreements. 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 /

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