The Travelers Companies, Inc

Senior Counsel - Bond & Specialty Insurance (Surety)

The Travelers Companies, Inc$146K — $241K *
Legal & Accounting
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Juris Doctorate or equivalent International legal degree; graduate of an accredited law school
  • Active license in good standing to practice law in relevant state(s)
  • Ten years of prior legal experience as a practicing attorney
  • Experience advising surety companies on construction-related bond claims
  • Strong litigation experience in surety bond disputes
  • Hands-on experience with discovery management in complex litigation
  • Track record of overseeing outside counsel effectively.

Responsibilities

  • Provide counsel to senior management on complex legal issues
  • Negotiate with clients and influence leaders on significant legal matters
  • Research relevant legal principles and precedents
  • Identify and communicate risks to customers, recommending mitigation strategies
  • Draft and negotiate various legal documents
  • Maintain awareness of legal developments; build client relationships
  • Mentor and coach junior attorneys and support staff

Benefits

  • Health insurance coverage from day one for employees and eligible family members
  • 401(k) matching contributions dollar-for-dollar up to first 5% of eligible pay
  • Pension Plan fully funded by Travelers
  • Minimum of 20 days Paid Time Off annually plus nine paid holidays
  • Wellness program with tools and resources for wellbeing and mental health support
  • Volunteer encouragement with Matching Gift and Volunteer Rewards programs
Full Job Description
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 Bond & Specialty Insurance requiring a solid degree of knowledge in Surety and Construction law.

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 and negotiates 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 years of prior legal experience as a practicing attorney.​
  • Experience representing or advising surety companies on construction, and/or commercial bond claims, including performance bonds, payment bonds, and bid bonds.
  • Experience assisting on case strategy and litigation management on complex litigation matters.

  • Familiarity with surety-specific defenses, including principal default analysis, indemnity agreement enforcement, and obligee demand response.

  • Litigation experience in surety bond disputes, including federal and state court matters involving contract completion, takeover agreements, and bond penal sum exposure.

  • Experience advising on bond form language, endorsements, and coverage positions in response to claims or demands.

  • Hands-on experience with discovery management, including drafting and responding to written discovery, document review, and privilege analysis in complex commercial litigation.

  • Experience preparing witnesses for deposition and/or trial, including corporate representative preparation.

  • Track record of effective outside counsel oversight, including matter budgeting, litigation strategy alignment, and invoice review.

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 charity of your choice.

About The Travelers Companies, Inc

Travelers is an insurance leader, committed to keeping pace with the ever-changing needs of their customers and anticipating their needs for the future. There is no stronger testament to their dedication to protecting customers from loss than their continued innovation and ability to transform their industry. In fact, from the first-ever auto and space travel policies and hybrid car discount, to the 2009 founding of The Travelers Institute for public policy, their history of advancements has propelled their company—and their industry—towards ever higher standards for customers. Travelers is a company that works hard at the science of what they do: they analyze information, process perspectives and measure results to create the best combination of products and services. They work equally hard at customer service and how they interact with the people whom they do business. Over the years, they've strived to earn their customer's loyalty by continually improving their abilities to listen and respond to their needs.

The Travelers Companies, Inc Careers

Join the vibrant team at The Travelers Companies, Inc, a leader in the insurance industry, and propel your career to new heights with a company known for its commitment to innovation, leadership, and professional growth.

Explore Job Opportunities and Growth

At The Travelers Companies, Inc, we offer a plethora of job opportunities that cater to a variety of skills and professional interests. Whether you're seeking a position in management, customer service, underwriting, or IT, we have a place for you. Our commitment to professional growth means we provide unparalleled career advancement tools and leadership training to help you climb the ladder of success.

Internship Programs: A Gateway to Employment

Kickstart your career with our dynamic internship programs. These opportunities are designed not just to teach, but to challenge and expand your understanding of the industry. Internships at Travelers are a perfect way to enhance your resume and gain valuable real-world experience, making you a competitive candidate for future employment.

Culture and Benefits

At The Travelers Companies, Inc, we pride ourselves on a culture that fosters diversity, networking, and innovation. Our team is our family, and we support each other's professional and personal growth. The benefits at Travelers are comprehensive, designed to meet the diverse needs of our employees, including health, wellness, and continuous education.

Hiring Process: What to Expect

Our hiring process is straightforward and transparent, designed to find passionate, curious, and solution-driven team players. From the initial application and resume submission to the interview, we ensure that every candidate is treated with respect and given a fair chance to demonstrate their capabilities.

Career Development and Training

We believe in nurturing talent and providing our team with the tools they need to succeed. Our career development programs include professional training, diversity training, and skills enhancement workshops. These resources are tailored to foster innovation and empower our employees with the latest industry knowledge and best practices.

Join Our Team

Are you ready to explore the exciting career opportunities at The Travelers Companies, Inc? Search open positions that match your skills and interests. We are always looking for individuals who are driven to innovate and lead.

Stay Connected

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Explore Careers at The Travelers Companies, Inc

Embark on a journey of growth, opportunity, and excellence. At The Travelers Companies, Inc, your career is just beginning. Join us and make a difference in a company that values leadership, diversity, and forward-thinking.
Learn more about The Travelers Companies, Inc
Size
30,800 employees
Market Cap
$44.1 billion
Industry
Net Income
$2.6 billion
Founded
1853
5 Year Trend
+4.7%
Revenue
$32 billion
NASDAQ

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