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    Senior Development Underwriter - London, United Kingdom - The Travelers Companies, Inc.

    The Travelers Companies, Inc.
    The Travelers Companies, Inc. London, United Kingdom

    2 weeks ago

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    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.
    Target Openings
    1
    What Is the Opportunity?
    We've got big ambitions We're looking for a Senior Development Underwriter to help us grow our Professions book.

    As a Senior Development Underwriter with Travelers you will work with senior members of the team to set and implement strategy for Professions.

    You will be responsible for writing new and renewal business, interacting and collaborating with a team of regional or product colleagues and other business associates to attract new business, retain existing customers, and explore new areas of business.

    Using your previous experience writing similar business, you will also act as a local expert and role model for other team members, actively coaching and mentoring other Development Underwriters.

    Travelers Europe currently offers flexibility to employees who wish to work on a hybrid basis in accordance with our Hybrid Work Arrangements Policy.

    This entails full time employees working three days a week in the office and two days at home (or pro rata for part-time employees).

    This policy may be changed at the Company's discretion.
    This role is eligible for a £2,500 new joiner bonus.

    If you are successfully referred by an employee at Travelers Europe, both you and the person who referred you could be eligible for this bonus.

    What Will You Do?
    Underwrite and assess risk for products and accounts from assigned brokers.

    Make appropriate decisions within own underwriting authority in addition to considered, intelligent, and complete recommendations to regional or product underwriting leadership.


    Consistent with TICL underwriting principles underwrite more complex accounts and risks and consider different approaches toward risks to maximise profitability (e.g., pricing, retention, endorsements, limits, indemnity, security).

    Make prompt, sound decisions within underwriting authority and based on appropriate underwriting information. Negotiate terms and conditions consistent with regional or product underwriting requirements and standards within submission timeframe.

    Understand and execute product segment strategies to produce budgeted results.

    Continuously manage book of business (maintain quality of business required by regional or product underwriting strategy).

    Accountable for accurate underwriting documentation and information in account management systems and adherence to documentation standards.


    Embrace required working practices with allocated Underwriting Account Management resource in order to deliver appropriate and timely underwriting service on your accounts at all times.


    Establish and maintain collaborative relationships with colleagues in Head Office, Risk Control, Claims, Actuarial, and as needed, any other parts of the organisation.


    In exercising own underwriting authority, assure that policies and accounts are effectively underwritten, handled and documented in compliance with company and regulatory standards and requirements.


    Develop and leverage broker/client relationships through a high level of visibility and using a disciplined sales management approach (e.g., planning and follow-up for broker and prospective customer visits/meetings) in support of business objectives.

    Effectively develop and execute sales plans for assigned brokers in conjunction with the regional sales leadership as appropriate.

    Create and achieve sales plans that identify and capture new business opportunities and effectively cross sell TICL products.

    Act as a responsible business partner with assigned brokers and clients, managing interests of TICL.

    Seek out and maintain collaborative relationships with colleagues in other business units and regions to foster business development.

    Actively participate/lead regularly scheduled regional and product underwriting and/or sales meetings with your team.

    Demonstrate superior customer service standards (consistency, quick response, knowledge of products).

    Work with others to help achieve underwriting, sales and production goals and understand and work towards strategic objectives.

    Customer interaction focusing on meeting customer expectations for response time and knowledge of products and business.

    Work strategically and tactically with brokers to ensure they have an appropriate level of understand.

    As an employee you are expected to act in an ethical manner at all times.

    You will ensure you understand all compliance and regulatory requirements for your role by completing all necessary training and certifications.


    As an employee we expect your actions and outcomes will at all times meet local regulatory and supervisory approaches to ensure fair treatment of our customers.

    You will ensure you keep adequate records of all transactions undertaken with customers, brokers and all other parties.

    Perform other duties as assigned.
    What Will Our Ideal Candidate Have?
    University degree and/or Chartered Insurance Institute (CII) Advanced Certification or Diploma preferred.


    General knowledge of industry business operations and work methods, critical business issues and financial drivers that affect the Line of Business.


    General knowledge of the local insurance marketplace and effectively uses that knowledge to the Company's advantage; continuously seeks out local market insight.

    Continuously seeks out market insight and uses acquired knowledge to assist less experienced employees.


    Intermediate:

    Relationship Management:
    Seeks out, builds, fosters and maintains productive relationships or alliances to meet goals and achieve objectives


    Intermediate:

    Business Perspective:
    Uses knowledge of internal and external factors that impact the Lloyd's Market to make decisions


    Intermediate:

    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 alternatives to support sound decision making.


    Utilizes understanding of finance and accounting principles to identify the impact of responsible underwriting decisions on the overall profitability of the business.


    Intermediate:

    Product/Technical:
    Demonstrates technical proficiency and application of knowledge commensurate to his/her underwriting authority.

    Makes sound quoting and pricing decisions that are in the Company's best interests.
    What is a Must Have?
    Previous experience of underwriting in professional indemnity 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 core contribution of a percentage of salary to your Pension Plan. Additionally, if you decide to contribute to the plan, you will receive an increased company contribution.

    Holiday Entitlement:

    Start your career at Travelers with a minimum of 25 days holiday entitlement annually, plus the opportunity to purchase additional days to allow for up to a total of 35 holidays per year.


    Wellness Programme:

    The Travelers wellness programme is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs.

    In addition, our mental health programme provides access to free professional counseling services and other resources that 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 programme that enables you to give back to the charity of your choice.

    Employment Practices
    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 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
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