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Construction Manager, Bond & Specialty Insurance

Company: Travelers
Location: Hartford
Posted on: September 22, 2022

Job Description:

Who Are We?Taking care of our customers, our communities and each other. Thats 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 160 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 CategoryRisk ControlCompensation OverviewThe 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$70,000.00 - $115,500.00Target Openings1What Is the Opportunity?Perform engineering analyses to assist Bond and Specialty Insurance Claim Construction Services personnel in the investigation, analysis, evaluation and disposition of claims, typically of moderate severity or complexity, achieving superior customer service and claim results at the most reasonable cost. Interact and collaborate with claim and underwriting colleagues as well as with external business associates.Travelers offers a hybrid work location model that is designed to support flexibility.What Will You Do?

  • Travel 30% or more of time performing engineering analyses.
  • Perform engineering analyses on moderate severity or complexity performance claims for Bond and Specialty Insurance Claim Construction Services with moderate supervision by Engineering Executive/Director.
  • Make appropriate construction contract decisions and make appropriate recommendations to management when necessary within a performance claim handling context.
  • Comply with all policies and procedures, including compliance, regulatory and Bond performance and customer service standards.
  • Assist Claim Executive/Counsel in the preparation of Large Loss Memos and other reports (e.g. quarterly claim, EC, trial, class action) to management to accurately reflect loss development, engineering analyses, potential/actual financial exposure, coverage issues, and claim and recovery strategies.
  • Identify salvage opportunities in the earliest stages of claim development and coordinate recovery efforts with the Salvage Unit and claims management.
  • Coordinate with Claim Executive/Counsel to retain, monitor, manage and approve payments to outside consultants, actively utilizing consultant management plans and budgets.
  • Make quick, sound decisions and negotiate terms and conditions consistent with Bond standards.
  • Assist/mentor less experienced colleagues in claim resolutions.
  • Maintain knowledge of coverage, law, legislative and industry-related initiatives and judicial trends.
  • Perform other duties as assigned.What is a Must Have?
    • Travel required approximately 30% of the time.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 and resources that empower you to achieve your wellness goals. In addition, our Life Balance program provides access to professional counseling services, life coaching and other resources to support your daily life needs. Through Life Balance, youre eligible for five free counseling sessions with a licensed therapist.
      • 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.Employment PracticesTravelers is an equal opportunity employer. We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences.If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email (4-ESU@travelers.com) so we may assist you.Travelers reserves the right to fill this position at a level above or below the level included in this posting.To learn more about our comprehensive benefit programs please visit http://careers.travelers.com/life-at-travelers/benefits/ .

Keywords: Travelers, Hartford , Construction Manager, Bond & Specialty Insurance, Professions , Hartford, Connecticut

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