Trainee Underwriter - City of London, United Kingdom - Travelers Insurance Co. Ltd.

Travelers Insurance Co. Ltd.

Verified Company

City of London, United Kingdom

3 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

We are looking for a Trainee Associate Underwriter to join our respected Surety team in London. This is a fantastic opportunity to begin or progress your career within this specialised area of insurance.

Ideally, you will already have some experience in the financial or legal sectors with a basic understanding of how to read and analyse financial statements and/or legal contracts.

Our experienced Surety team and specialised Bond School in the US will provideyou with all the training and support you need to succeed.

Surety is a credit-based product that financially secures contracts between two parties.

It is typically used in the construction industry to assist with completion of projects, but also offers various different types of guarantees for industries outside construction.

Over time you will learn how to underwrite both commercial and construction transactions, negotiate underwriting terms and indemnity agreements, review contracts and statutory requirements of bonding in order to seek out profitable risk opportunities for ourorganisation.

What Will You Do?:

Learn and understand Travelers' financial underwriting requirements pertaining to surety credit risk.
Underwrite and assess risk to maximise business growth and profitability for allocated broker panel or clients. Make appropriate decisions within facility authority in addition to considered, intelligent and complete recommendations to technical underwriting/businessleadership.
Make prompt, sound decisions within facility authority and based on appropriate underwriting information. Negotiate terms and conditions consistent with underwriting requirements and service.
Understand and execute Travelers' underwriting strategies and principles to produce budgeted results.
Working with Primary Underwriter on same broker panel/client to continuously manage book of business, maintaining quality of business, growth and profit.
Accountable for accurate bond underwriting documentation and information in account management systems and adherence to Travelers' documentation standards.
Actively engage and seek out training opportunities to further develop underwriting expertise.
Develop and leverage broker/client relationships through a high level of visibility and using a disciplined sales management approach (e.g. planning and followup for client visits/meetings) in support of business objectives.
Effectively assist in the development, documentation and execution of sales plans with emphasis on increasing marketing and sales activities outside the office.
Actively participate in scheduled underwriting and meetings.
Demonstrate superior customer service standards (consistency, quick response, knowledge of products) to meet Travelers' service standards
Support maintenance of exposure tracking systems to enable accurate reporting and facility monitoring.