Manager, Forensic Accounting – CPA, Claim
Job ID: R-34587
Job Category: Finance and Accounting,
Location: Hartford, CT
Workplace Arrangement: Hybrid
Posted Date: March 25, 2024
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Who Are We?
Taking care of our customers, our communities and each other. That’s 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.
Compensation Overview
The 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
$105,800.00 – $174,600.00
Target Openings
1
What Is the Opportunity?
Travelers’ Claim organization is at the heart of our business by providing peace of mind to our business customers during life’s rainy days. Our Forensic Accounting team within Claim, uses specialized knowledge and investigative skills to collect, analyze, and evaluate evidential matter and to interpret and communicate the findings in a courtroom, boardroom, or other legal or administrative venue. As the Manager, Forensic Accounting, Claim, you will quantify the financial aspects of complex customer claims.
What Will You Do?
- Analyze, review, and as needed reconstruct insured accounting records and financial statements for property insurance claims of high severity or complexity typically involving losses up to $5 Million+.
- Collaborate with claim professionals, insureds, finance, and outside accounting teams to quantify and evaluate damages or losses sustained.
- Counsel Major Case claim professionals on unique issues involved in particular claims.
- Develop and present training materials to enhance the knowledge/skills of property Major Case and all other lines of claim professionals, underwriters, account executives, agents, brokers, and insureds in the area of time element and fidelity insurance claims.
- Support claim legal and subrogation with litigation matters.
- Participate in underwriting account renewals and/or prospective new business.
- Assist in the management and evaluation of outside accountant resources, catastrophe losses, and communication efforts.
- Participate and at times, lead catastrophe response by providing accounting resource coordination, such as calculation service, expert review, training, and orientation.
- Maintain an active Certified Public Accountant (CPA) designation.
- Provide training and development by leveraging knowledge and mentoring less experienced colleagues.
- Perform other duties as assigned.
What Will Our Ideal Candidate Have?
- Certified Fraud Examiner and/or Certified Forensics Financial Analyst designations.
- Advanced knowledge of financial analysis concepts, principles, processes, and applications with general knowledge of the property and casualty insurance business.
- Expert analytic skills with the ability to access and gather data and understand what the data represents.
- Expert knowledge of accounting practices and principles with the ability to see the story numbers may tell and/or uncover what those numbers are trying to hide.
- Advanced communication skills with the ability to present material concisely and clearly to varying audiences, including the ability to testify based on facts in a court or boardroom for litigation matters. Effectively influence business partners.
- Demonstrated ability to manage multiple priorities simultaneously and follow through to ensure timely completion.
- Excellent problem solving skills with the ability to think strategically and make sound decisions with many competing factors involved.
What is a Must Have?
- Bachelor’s Degree.
- Five years of Forensic Accounting experience.
- Active and valid CPA license.
- Occasionally meet in person with claim professionals and business customers and have the ability to travel to these meetings.
- Proficiency in Microsoft Office (e.g., Excel, Word, PowerPoint).
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, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health program provides access to free professional counseling services, health coaching and other resources to support your daily life needs.
- 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 Practices
Travelers is an equal opportunity employer. We believe that we can deliver the very best products and services when our workforce reflects the diverse customers and communities we serve. We are committed to recruiting, retaining and developing the diverse talent of all of our employees and fostering an inclusive workplace, where we celebrate differences, promote belonging, and work together to deliver extraordinary results.
In accordance with local law, candidates seeking employment in Colorado are not required to disclose dates of attendance at or graduation from educational institutions.
If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email 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/.
Careers at Travelers
When you work at Travelers, life’s most important moments become your life’s work. That means helping families feel secure, businesses to prosper, knowing that you’ve made a difference, and feeling like you belong to something bigger. It also means being part of a team comprised of 30,000 + talented and passionate people that are evolving to meet changing needs – from customer service to data science and beyond. If that’s more than you imagined in an insurance career, it’s time to join us at Travelers.
$712,000 raised by employees through our virtual Community Connections Campaign in 2021
92 homes built to FORTIFIED standards in 7 states through our partnership with SBP in 2021
85,000 meals prepared and delivered to individuals in need in 2021.
$24 Million donated to the communities where we live and work globally in 2021$3.4 million in funding provided to 33 organizations focused on arts and culture in 2021
Proud To Be Recognised
