Senior Counsel - Bond & Specialty Insurance

Benefits

Additional Information

Who Are We? Taking care of our customers, our communities and each other. That's the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 170 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it. Job Category Legal Compensation Overview The annual base salary range provided for this position is a nationwide market range and represents a broad range of salaries for this role across the country. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. As part of our comprehensive compensation and benefits program, employees are also eligible for performance-based cash incentive awards. Salary Range $146,400.00 - $241,600.00 Target Openings 1 What Is the Opportunity? The Senior Counsel role is responsible for providing a range of cost- effective, high quality legal services while representing Travelers. The Senior Counsel position handles complex legal matters within a defined area of expertise requiring a solid degree of knowledge in specialty lines. The Sr. Counsel role may manage a limited number of support staff. What Will You Do? Provides counsel to senior management on complex legal issues within a respective line of business or practice area. Negotiates with clients or management and/or attempts to influence leaders at all levels regarding matters of significance to the legal community. Researches legal principles and precedents within area of specialization or expertise. Proactively identifies and communicates risk to internal and/or external customers and provides recommendations on how to mitigate that risk. Drafts, negotiates and executes legal documents. Maintains awareness of external judicial climate and legal developments. Builds and maintains strong internal and external client relationships. Acts as a mentor and coach to less senior attorneys and/or paralegal/staff. May prepare or review annual legal fees budget for assigned matters. Review invoices from outside counsel and recommend adjustments. Within authority level, approve invoices. Makes effective use of technology and automation in the practice of law. Perform other duties as assigned. What Will Our Ideal Candidate Have? Ten yearsofprior legal experienceasa practicingattorney. Experience managing complex commercial litigation, including litigation strategy, and resolution assessment. Prior experience in insurance defense, coverage litigation, or in-house litigation management preferred. Familiarity with management liability policy forms, including Directors & Officers (D&O), Errors & Omissions (E&O), and Employment Practices Liability (EPL) coverages. Experience with cyber liability policy forms, including first-party and third-party coverages, breach response provisions, and ransomware/extortion clauses. Familiarity with fidelity and crime policy forms, including employee dishonesty, computer fraud, and funds transfer fraud coverages. Experience providing coverage analysis or legal support on management liability claims, including interpretation of insuring agreements, exclusions, and conditions. What is a Must Have? Juris Doctorate or equivalent International legal degree; graduate of an accredited law school 7 years of prior legal experience as a practicing attorney. Active license in good standing to practice law in the state(s) in which representation is required. What Is in It for You? Health Insurance : Employees and their eligible family members - including spouses, domestic partners, and children - 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, subject to an annual maximum. If you have student loan debt, you can enroll in the Paying it Forward Savings Program. When you make a payment toward your student loan, Travelers will make an annual contribution into your 401(k) account. You are also eligible for 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: The Travelers wellness program is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health program provides access to free professional counseling services, health coaching and other resources to support your 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 ch