The Travelers Companies, Inc

Senior Counsel - Bond & Specialty Insurance

The Travelers Companies, Inc • $146K — $241K *
Hunt Valley, MD 21031In-Person
Legal & Accounting
5 - 7 years of experience
2 weeks ago
Job Overview by Ladders

Qualifications

  • 10+ years legal experience as a practicing attorney
  • Experience managing complex commercial litigation
  • Insurance defense or in-house litigation management preferred
  • Familiarity with management liability policy forms
  • Experience in cyber liability policy forms
  • Familiarity with fidelity and crime policy forms
  • Experience in coverage analysis on management liability claims

Responsibilities

  • Provide counsel to senior management on legal issues
  • Negotiate with clients and influence leaders
  • Research legal principles and precedents
  • Identify and communicate risk with mitigation strategies
  • Draft, negotiate, and execute legal documents
  • Maintain awareness of legal developments
  • Mentor and coach less senior attorneys

Benefits

  • Health insurance coverage from day one
  • 401(k) contributions matched dollar-for-dollar up to 5%
  • Minimum of 20 days Paid Time Off annually plus holidays
  • Access to a comprehensive wellness program
  • Encouragement and support for community volunteerism
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 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 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

Keep up to date with the latest news, insider perspectives, and industry-leading insights you can put to use today—all from the people who work here. Personalize your subscription to receive job alerts, latest news, and insider tips tailored to your preferences. Discover the rewarding opportunities that await at The Travelers Companies, Inc.

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
Finance & Insurance
Net Income
$2.6 billion
Founded
1853
5 Year Trend
+4.7%
Revenue
$32 billion
NASDAQ
TRV
* Ladders Estimates

Similar Jobs

Ad banner background

Get Ready For Your
Next Interview

More Jobs at The Travelers Companies, Inc

More Legal & Accounting Jobs

Find similar Senior Counsel - Bond & Specialty Insurance jobs:

NationwideHunt Valley, MD