Practice Leader Medtech - Greater London, United Kingdom - The Travelers Companies, Inc.

The Travelers Companies, Inc.
The Travelers Companies, Inc.
Verified Company
Greater London, United Kingdom

2 weeks ago

Tom O´Connor

Posted by:

Tom O´Connor

beBee Recruiter
Description

  • 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.
  • Job Category
Underwriting

  • Target Openings
1

  • What Is the Opportunity?
  • Under broad oversight, you will have responsibility for the development and management of underwriting strategies for specific industry segments and lines of business. You will be responsible for the profit and loss of all line of business products and directly responsible for the underwriting of many of the major accounts within the product. You will ensure the segment produces and underwrites new and renewal business in accordance with underwriting authorities. Leading a team you will mentor, coach and motivate a group of Underwriters in one or more locations.
What Will You Do?

  • Profitability.
  • In accordance with product leadership, executes long and shortterm business and underwriting strategies to effectively achieve profit and growth objectives for assigned area.
  • Participates in the development of strategic business planning activities that are designed to increase the presence of the business unit in the market; retain the appropriate mix of business; and achieve overall growth and profit objectives.
  • Monitors portfolio profitability and achievement to plan on an ongoing basis via relevant management information (MI) and general production highlights MI templates.
  • Participates in the establishment of underwriting and marketing strategies and standards that reflect market competitive conditions and, at the same time, meet Travelers growth and profit goals.
  • Marketing/Underwriting.
  • Directs all marketing and underwriting activities to ensure that production and underwriting objectives with respect to profitability are achieved.
Marketing and underwriting responsibilities include, but are not limited to:


  • Meeting with broker personnel to maintain and develop positive and productive relationships.
  • In this capacity, assuring that contractual commitments are met and production opportunities are maximised.
  • Representing the company and underwriting strategy in the area to brokers, employees and the community.
  • Working with other business units as appropriate to support market presentation objectives and seek out cross sell opportunities as appropriate.
  • Leading the Team.
  • Acts as the business leader, directing and managing the delivery of excellent customer and broker service.
  • Develops and maintains effective relationships with other Travelers resources (e.g. Distribution, Risk Control, Claim, Operations, etc.) to ensure delivery of all related service to clients.
  • Hires, develops, and retains excellent staff through Inclusive Leadership who will support profit, growth, and expense management goals.
  • Other duties as assigned.
  • Perform other duties as assigned.
  • ACII qualification preferred
  • Degree level education preferred
  • Thorough knowledge of the underwriting and sales discipline within a business insurance environment preferred
  • Thorough knowledge of assigned product with evidence of very strong relationships with the panel of brokers who provide business to the relevant segment preferred.
  • Thorough knowledge and ability to effectively communicate, negotiate, lead, and make decisions required
  • Advanced influencing skills, with the ability to influence key stakeholders and impact results required.
  • Advanced interpersonal and leadership skills as well as results orientation required.
  • Advanced technical underwriting and product knowledge as well as the ability to develop and ensure execution of strategic plans required.
  • Thorough understanding of how to run a business P&L, build strategy and successfully execute upon it.
  • Intermediate level of proficiency in the following:
  • Analytical thinking, judgment, decision making, communication, team work and general customer focus skills.
What is a Must Have?

  • Extensive business leadership, knowledge of industry and/or underwriting and sales experience in area of expertise required.
What Is in It for You?

  • Private Medical Insurance: On commencement of employment, you are eligible for single cover provided by Travelers, with the option to add cover for your dependents, at your expense through payroll deduction.
  • Retirement: Travelers will make a basic contribution of 9% of pensionable salary to your Group Personal Pension Plan ("GPPP"). If you decide to contribute an additional amount from your salary, you will receive an increased company contribution up to a maximum of 3%. This would bring the total company contribution to 12%.
  • Holiday Entitlement: Start your career at Travelers with a minimum of 25 days holiday entitlement annually, plus the opportu
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