Sr Accounting Exec Bond & SI

Naperville, Illinois

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 higher 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.

Primary Job Duties & Responsibilities
Travel 50% or more of time performing audits. Perform higher severity, large and/or complex audits and other financial analyses for Bond Construction Services Claim and Underwriting with minimal supervision. Manage 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 higher severity or complex construction Bond & Financial Products Claims (e.g. evaluate contract revenues, outstanding payable obligations, and cash flow projections.). Prepare reports for higher severity or complex claims to assess the financial condition of contractor, evaluating net worth and working capital. Provide technical assistance, guidance and recommendations with complex accounting issues, principles, 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. 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. Make quick, sound decisions and negotiate terms and conditions consistent with Bond standards. Assist/mentor less experienced colleagues. Maintain knowledge of law, legislative initiatives and judicial trends as relates to industry and accounting.

Minimum Qualifications
Bachelors degree in accounting, finance, or related area of study required. Minimum of 5 years of related work experience required. Travel required approximately 50% of the time.

Physical Requirements
Continuous periods of sitting. Use of standard office equipment. Ability to travel required.

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.