The Travelers Companies, Inc.
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.
Job Description Summary
Underwriting responsibilities typically include: underwriting new and renewal international reverse-flow (incoming global) business on accounts of moderate complexity for all commercial property and casualty lines of business. Working with other business units as appropriate to support US admitted placement and compliance objectives and assisting with cross-sell opportunities. Independently manages assigned foreign partners. May occasionally seek assistance from a senior level Account Executive or manager on more complex accounts. Operates under general supervision.
Primary Job Duties & Responsibilities
Underwriting and Pricing:
Underwrites primarily moderately complex US admitted accounts for all commercial property and casualty lines of business and risks and considers different approaches toward risks to maximize profitability (e.g., pricing, retention, endorsements, limits, indemnity, and security).
Uses good judgment in making decisions within own underwriting authority and makes recommendations on other accounts to support foreign partners, both Travelers overseas offices and foreign network partners.
Initiates collaborative discussions.
Negotiates skillfully in difficult situations.
Develops and executes on a plan to meet business objectives.
Anticipates and identifies moderately complex underwriting/marketing problems and advises foreign partners accordingly, thoroughly analyzes available information and makes timely practical decisions.
Business Planning and Collaboration:
Fosters collaboration within the business unit and across the enterprise.
Seeks enterprise-wide solutions to business problems.
Assists less experienced employees when appropriate.
In addition to leading self, may coach less experienced staff members.
May participate in the training of less experienced\ Account Executives.
Other duties as assigned.
2 years of Property & Casualty underwriting experience required.
Education, Work Experience, & Knowledge
Bachelors degree preferred.
International underwriting experience with an understanding and proficiency of Controlled Master Programs preferred.
Typically has 3-5 years of relevant Account Executive experience.
Understands the local insurance marketplace, industry business operations, critical issues and financial drivers that affect the region and local office.
Continuously seeks out market insight and uses acquired knowledge to assist less experienced employees.
Understands organizational and regulatory rules, policies and procedures and effectively employs that knowledge in day-to-day work activities.
Uses acquired skills and knowledge to assist less experienced employees.
Licensing or Certificates
Valid drivers license or alternate means of personal transportation.
CPCU designation preferred in some lines of business.
Job Specific Technical Skills & Competencies
Uses knowledge of internal and external factors impacting the property & casualty industry to make decisions.
Analytical Thinking/Financial Acumen:
Identifies current or future problems or opportunities, analyzes, synthesizes and compares information to understand issues, identifies cause/effect relationships and explores alternative solutions to support sound decision making.
Understands and uses financial information, tools and expense management principles to accomplish day-to-day work and maximize profitability.
Seeks out, builds, fosters and maintains productive relationships, networks or alliances to meet goals and achieve results.
Travelers 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 have 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.
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