Tech Dir Accounting Bond & SI

Philadelphia, Pennsylvania

Company Information
Solid reputation, passionate people and endless opportunities. That's Travelers. Our superior financial strength and consistent record of strong operating returns mean security for our customers - and opportunities for our employees. You will find Travelers to be full of energy and a workplace in which you truly can make a difference.

Job Summary
Perform accounting services and financial analyses to assist Bond Construction Services personnel in the investigation, analysis, evaluation and disposition of claims, typically of highest severity or complexity. Assume leadership role by leading training, technical, operational and customer support projects targeting Accounting Executives. Support Bond business by being a resource to assist in the resolution of claims, building and maintaining productive relationships with claim personnel, underwriters, agents and brokers. Interact and collaborate with claim and underwriting colleagues and other critical internal/external business associates.

Primary Job Duties & Responsibilities
Travel 50% or more of time performing audits. Perform highest severity, most complex field audits and other financial analyses for Bond and Financial Products Construction Services Claim and Underwriting with minimal supervision. Supervise the management and procedures involving trust accounts. Assist Claim Executive/Counsel in the preparation of Large Loss Memos, quarterly claim reports and reserve analyses to accurately reflect loss development, potential/actual financial exposure and reinsurance, with minimal supervision. Prepare reports which assess potential payment and performance bond exposures on highest severity or most complex construction Bond & Financial Products Claims (e.g. evaluate contract revenues, outstanding payable obligations, cash flow projections.). Prepare reports for highest severity or most complex claims to assess the financial condition of contractor, evaluating net worth and working capital. Provide technical assistance, guidance and recommendations with most complex accounting issues, principles, systems, and tax-related matters. Make appropriate decisions and make appropriate recommendations to management when necessary. Assure that all policies and procedures, including compliance, regulatory and Bond performance and customer service standards are met or exceeded. Work with leadership of Construction Claim and Underwriting to develop strategic initiatives, market segment procedures, policies and objectives. Identify salvage opportunities in the earliest stages of claim development and coordinate recovery efforts with the Salvage Unit and claims management. Independently pursue recovery sources, when appropriate. Consistently apply superior negotiating skills and expertise to drive terms and conditions consistent with Bond standards and drive strategy. Lead the mentoring of less experienced colleagues. Maintain knowledge of law, legislative initiatives and judicial trends as relates to industry and accounting.

Minimum Qualifications
CPA designation required.

Education, Work Experience & Knowledge
Bachelors degree in Accounting or Business or similar preferred. CPA designation. Typically has 8 years of experience.

Job Specific & Technical Skills & Competencies
Leadership: Excellent time and case load management skills. Acts as a role model in supporting Bond and Specialty Insurance Claim objectives. Technical resource to employees and customers. Considered go-to person. Leads in the training and mentoring of less experienced employees. Sets clear direction by defining goals and priorities. Sense of urgency. Takes ownership and responsibility for decisions and outcomes. Shares success with the team. Respect and trust of colleagues. Well organized. Meets deadlines. Consistently demonstrates integrity, initiative and innovation in achieving results. Takes accountability for development. Sets high standards for self and others. Self-motivated. Acts like an owner and models ownership behavior to other team members. Encourages team members to reach their full potential. Relinquishes ownership of workload to focus on other projects/claims, when necessary. Communication: Strong communication (written and verbal), influencing, negotiating, listening and interpersonal skills to effectively develop productive internal and external relationships. Effectively communicates and collaborates with colleagues on team, market segment, Home Office and Field Offices. Works on complex matters with colleagues and management. Ability to communicate difficult decisions. Presents a positive, professional image of the company through demonstrated expertise and knowledge of the company, its products and services. Adept at framing issues and solutions for surety principals, counsel, underwriters, agents, brokers, colleagues and management. Ability and expertise to convince/persuade others with confidence to influence outcome of interactions through sound judgment and decision making. Teamwork: Sets an example for effective working relationships with peers and managers within and across organizational lines. Builds strong teams of internal and external resources that are technically competent and characterized by a high level of coordination and trust, to resolve claim matters. Leads teams to evaluate and make recommendations on impacts of accounting issues relating to Construction Services Claim and Underwriting. Balances individual needs with market segment goals and fosters cooperation throughout the team. Works with peers to resolve issues by listening for understanding, discussing all issues related to the situation, and coming to a solution. Participates in industry functions to increase visibility in the marketplace, network with key players in the industry and increase knowledge of the industry. Assists in recruiting candidates for open positions and training new and experienced Accounting Executives. Technical Ability: Superior knowledge of most complex accounting issues and practices. Ability to use all Bond technology tools proficiently.

Environmental/Work Schedules/Other
Requires travel 50% of time.

Physical Requirements
Operates standard office equipment. Requires extended periods of computer use. Requires extended periods of sitting.

Licensing or Certificates

Equal Employment Opportunity Statement
Travelers is an equal opportunity employer.
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About Travelers

The Travelers Companies, Inc. (NYSE: TRV) is a leading property casualty insurer selling primarily through independent agents and brokers. The company's diverse business lines offer its global customers a wide range of coverage in the auto, home and business settings. A component of the Dow Jones Industrial Average, Travelers has more than 30,000 employees and generated revenues of approximately $25 billion in 2010.