Associate Account Exec, SLG
Under general supervision,manages large exposure and/or complex environmental litigation/claims on a regional or national basis with the goal of developing the strategy for resolving a myriad of claim and coverage issues. Position requires development of advanced knowledge of legal issues (including a solid knowledge of applicable case law) for a number of jurisdictions. Factors contributing to the complexity of the claims include the nature of the underlying liability, the unique coverage issues presented, the existence of coverage disputes/litigation, the number of class-action and multi-plaintiff matters, volatile jurisdictions, the evolving nature of the legal decisions relating to the liability and coverage issues presented, the interpretation and application of complex settlement agreements and the highly technical nature of the coverage and liability issues. Will handle litigation and claims of moderate to high complexity and exposure within the range of SLG matters. This job does not manage others Primary Job Duties & Responsibilities Coverage Research and Analysis - Responsible for researching policies and analyzing coverage. Prepares and presents recommendations to management or coverage committee. Communicates coverage position to policyholders or their representatives. Liability Investigation and Analysis - Conducts thorough investigation and analysis of claim facts to determine liability. Applies knowledge of relevant legal concepts in jurisdiction to evaluation of damages and develops recommendation for appropriate course of action. Litigation Management - Develops and executes a strategic file management plan, including as appropriate: research and recommendation of counsel; litigation and resolution strategies; management of loss adjustment expenses; engagment of appropriate experts; use of proper settlement and release language. Represents insured at mediations. Account Management - Applies in-depth knowledge and understanding of assigned accounts in actions and decisions. Maintains effective working relationships with other account contacts; ensures claims and settlement agreements are handled in a consistent manner. Responsible for regular communication and reporting to coordinate / align actions on assigned accounts. Financial Analysis - Estimates financial exposures on an individual claim and account basis. Develops budgets and financial analyses, estimating defense expenses and/or indemnity. File Maintenance and Administrative Compliance - Maintains documentation and organization of claim files; maintains systems and data bases. Efficiently manages the file inventory. Staff Development - May be involved in training, mentoring. Other Duties as assigned. Education, Work Experience & Knowledge Education: HS Diploma / GED required. Bachelors degree is preferred Experience: 1-3 years of experience in claim, legal, insurance or environmental fields required. Job Specific & Technical Skills & Competencies REQUIRED BUSINESS COMPETENCIES Analytical Thinking: INTERMEDIATE Communication: INTERMEDIATE Judgment & Decision-Making: INTERMEDIATE Teamwork: INTERMEDIATE REQUIRED JOB SPECIFIC COMPETENCIES Knowledge of Regulatory and Claim Environments: WORKING knowledge Planning & Organizing: INTERMEDIATE PREFERRED BUSINESS COMPETENCIES Accountability: INTERMEDIATE Analytical Thinking: INTERMEDIATE Change Management / Resilience: INTERMEDIATE Communication: ADVANCED Customer Focus: INTERMEDIATE Judgment & Decision-Making: INTERMEDIATE Leveraging Differences: INTERMEDIATE Relationship Management: INTERMEDIATE Teamwork: INTERMEDIATE PREFERRED JOB SPECIFIC COMPETENCIES Business Perspective: BASIC Influences Others: BASIC proficiency Knowledge of Departmental Practices & Procedures: GENERAL knowledge Knowledge of Regulatory and Claim Environments: GENERAL knowledge Planning & Organizing: INTERMEDIATE Technology: BASIC proficiency Working Independently: INTERMEDIATE Environmental/Work Schedules/Other Travel (Occasionally) Physical Requirements Operates standard office equipment (Occasionally) Sitting (can stand at will) (Frequently) Standing (Occasionally Lifting items up to 11-20 pounds/ (Occasionally) Use of Keyboards, Sporadic 10-Key (Continuously) Driving (Occasionally Licensing or Certificates A State Claim Adjuster's license is required to adjust claims in some jurisdictions. Equal Employment Opportunity Statement Travelers is an equal opportunity employer.