Executive Bond Claims Counsel
3 weeks ago
Company Overview
Bond & Specialty Insurance (BSI) is a leading provider of management and professional liability, cyber, crime insurance, and surety bonds to businesses of all sizes. As a valued member of our team, you will play a critical role in conducting thorough investigations, analysis, evaluation, and disposition of claims and claim litigation to achieve superior customer service and optimize claim results.
Salary
The estimated annual salary for this position is $145,250, reflecting a nationwide market range and representing a broad range of salaries for this role across the country. The actual salary will be determined by factors such as the scope, complexity, and location of the role, as well as the skills, education, training, credentials, and experience of the candidate.
Job Description
As an Executive Bond Claims Counsel, you will follow operational policies to analyze, investigate, and resolve BSI claims with moderate supervision from claims management. You will prepare and present reports for management, including loss development, potential/actual financial exposure, reserve adjustments, coverage issues, and claim and recovery strategies. You will also retain, monitor, and manage outside counsel, communicate with underwriting on significant claim exposures, and develop the ability to identify all recovery opportunities and coordinate recovery efforts.
Required Skills and Qualifications
This role requires a Juris Doctorate degree, a properly licensed, registered, or authorized attorney in good standing, and a minimum of five years of relevant legal or claim handling work experience. You must possess strong verbal and written communication skills, with the ability to clearly articulate coverage determinations and negotiate terms and conditions within designated authority limits.
Benefits
As an employee of THE TRAVELERS INDEMNITY COMPANY, you will be eligible for comprehensive benefits, including health insurance, retirement plans, paid time off, wellness programs, and volunteer encouragement. We are committed to recruiting, retaining, and developing diverse talent and fostering an inclusive workplace where we celebrate differences, promote belonging, and work together to deliver extraordinary results.
Estimated Salary: $145,250
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