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Travelers Insurance Company of Canada is hiring for the position of Claim Counsel, Surety and Warranty Claim. The position reports to the Managing Claim Counsel, Surety and Warranty Claims. The successful candidate will investigate, analyze, evaluate and adjust contract, commercial, developer and related surety and warranty claims. The position involves effectively managing claims ranging from negotiating and mediating directly with claimants to managing complex, multi-party litigation files. It requires interaction and collaboration with underwriting colleagues, as well as with external business partners including engineers and external counsel.
Primary Job Duties & Responsibilities
Responsibilities - Claim Handling
Thoroughly analyze, investigate, negotiate and resolve surety and warranty claims in collaboration with business partners with moderate supervision by claims management. Prepare reports to management that accurately reflect loss development, potential/actual financial exposure, coverage issues and claim and recovery strategies, and make recommendations on broader changes to policies and protocols for improvement. Proactively optimize pre-loss recovery opportunities through indemnitors and collateral. Identify salvage opportunities and coordinate recovery efforts, including managing subrogated actions.
As required, recommend and retain, monitor, manage and approve payments to outside counsel and consultants on surety and warranty claims and litigation. Keep current with surety, warranty and construction statutes, regulations, case law and trends in the industry.
Responsibilities – Legal Support
Provide legal support to business partners by conducting legal research and preparing memos, including thorough analysis of all applicable issues and providing opinions and recommendations as requested.
Assist business partners with day to day legal support for underwriting issues. Draft business support documents, including indemnity agreements and bond forms.
Bachelors degree required. Juris doctorate degree required. Duly qualified practitioner of law in the province in which you will be working. Minimum of 3 years work experience as a lawyer (including in-house) or claims handling required.
Education, Work Experience & Knowledge
An LLB/JD degree with a minimum of three (3) years’ experience in the area(s) of surety, warranty, construction, and/or insurance law.
Construction related experience and familiarity with construction contracts, tendering, project management, scheduling, contract accounting, and construction related legislation and regulations.
Litigation and/or other forms of dispute resolution experience including sound knowledge of rules of civil procedure and processes.
Solid analytical, problem solving and negotiation skills.
Strong and confident communicator with excellent oral presentation and written skills.
Ability to effectively manage a substantial portfolio of claim files, prioritize tasks, and keep management updated on significant claims and exposure.
Strong computer skills including proficiency in Microsoft Office (Word, Excel, Outlook).
Knowledge of basic accounting principles considered an asset.
Some travel required.
Job Specific & Technical Skills & Competencies
Able to use negotiation skills and strategies within a litigation and non-litigation context. Able to communicate effectively through writing and in face to face presentations. Able to communicate legal advice to underwriters and management independently and/or with input from manager. Proficient in drafting transactional documents. Can effectively work through conflict and resolve issues with a professional demeanor
Operates standard office equipment (Continuously) Sitting (can stand at will) (Continuously) Use of Keyboards, Sporadic 10-Key (Continuously)
Licensing or Certificates
Please provide a cover letter and resume when applying for this position*
Equal Employment Opportunity Statement
Travelers is an equal opportunity employer.
We are committed to providing accommodation to persons with disabilities. If you require accommodation during the recruitment or interview process we will work with you to accommodate your needs.