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?
We are looking for a Portfolio Underwriter to support the Director, Underwriting in managing the profitability of the property binders book by underwriting and processing new business, renewals and mid term adjustments, monitoring rate adequacy of all business written or handled for your Line of Business.
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 £1,500 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?
- Analyse and review underwriting plans- liaising regularly between insurers, brokers and MGAs in the development of our underwriting strategy and portfolio management.
- Support the overall profitability, growth and retention of Portfolio Solutions and Property Binders and consistency of all related underwriting initiatives.
- Develop strong relationships with our key supporting brokers and customers. Attend meetings -both formal and ad hoc -and produce or provide inputs to those meetings as required.
- Work with actuarial team to develop loss ratio selections and understand development patterns of the individual portfolios under the business unit.
- Support proposition development and implementation for both new and existing binders
- Analyse data and provide key findings and recommendations to ensure that business is written in accordance with the Company's policies, procedures and controls at all times and adheres to regulatory Underwriting Management Standards.
- Support the development of Portfolio Solutions and services such as researching and identifying target business, competitor information, industry and economic factors across the business.
- Support in areas where a consistent approach to Portfolio solutions underwriting best practice needs designing and implementing. Liaise across the organisation to develop best practice and a systematic approach to portfolio underwriting eg. underwriting peer review, training and development frameworks.
- Work closely with the business teams and cross functional colleagues to develop new business as well as to understand portfolio performance impacts to Travelers. To provide insight into areas of improvement and opportunities to improve the portfolio.
- Perform other duties as assigned.
What Will Our Ideal Candidate Have?
- Background in actuarial, statistical analysis with the ability to analyse complex data and derive actionable insights
- Proven ability to underwrite at a Portfolio level with existing market relationships
- Property lines of business knowledge would be an advantage. Eg, Property, Energy etc.
- Strong relationship management skills with the ability to successfully negotiate in difficult situations.
- Clear and effective communication with internal teams, insurers and brokers.
- Precision in reviewing and processing underwriting documents.
- Strong working knowledge of excel and powerpoint.
What is a Must Have?
- Experience within the Delegated or Portfolio Solutions market.
- Secondary level education or equivalent 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 http://careers.travelers.com/life-at-travelers/benefits/.
