Senior Associate Underwriter

job requisition id

R-36739

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.

What Is the Opportunity?

This role is responsible for: producing and underwriting new and renewal business from assigned brokers in accordance with underwriting authority; assisting the wider underwriting team in producing and underwriting new and renewal business; making sound underwriting decisions through the life cycle of the policy; supporting Branch in consistently achieving financial plan (premium, loss ratio, retention, commissions, pricing, new business, and expense management) through superior service, business retention and responsiveness to new business submissions; interacting and collaborating with the team, Regional Underwriting Offices, Market Segment Colleagues and other critical internal/external business associates; underwriting and service, primarily, although, there will be a need for sales. This job works under Close Supervision: Work is reviewed at several steps along the way.

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 1500 GBP/EUR new joiner referral 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 to maximise business growth and profitability for allocated book of business. Make appropriate decisions within own underwriting authority in addition to considered, intelligent and complete recommendations to technical underwriting/business leadership.
On pre-agreed accounts, actively participates and supports Development and Renewal Underwriters in new business, renewal and mid-term alteration underwriting activities that support underwriting decisions, consistent with business growth and profit.
Provide leadership and coaching, as appropriate, for Associate Underwriter to help with their development and ensure that their roles and responsibilities are delivered
Accountable for accurate underwriting documentation/ information in account management systems and adherence to documentation standards.
Understand, embrace, and execute Travelers’ underwriting strategies and principles to produce budgeted results.
Establish and maintain collaborative relationships with colleagues in other parts of the organisation, including Head Office, Risk Control, Distribution, Claims, Actuarial, etc. as needed.
Actively engage and seek out training opportunities to further develop underwriting and sales expertise.
Working with the Development Underwriter, develop and leverage productive relationships through broker visibility and a disciplined sales management approach (e.g. planning and follow-up for broker and end customer interaction, visits and meetings) all in support of business objectives.
Working with Distribution, effectively assist in the development, documentation and execution of sales plans with emphasis on increasing marketing and sales activities outside the office. Work tactically with brokers to ensure they have an appropriate level of understanding of TICL goals and objectives.
Actively participate in regularly scheduled sales and underwriting meetings.
Work effectively as a productive and supportive team member in conjunction with more senior team members, supporting business unit and company objectives.
Demonstrate superior customer service standards (consistency, quick response, knowledge of products) to meet Travelers’ service standards
Perform other duties as assigned.

What Will Our Ideal Candidate Have?

University degree preferred.
Working knowledge of the local insurance marketplace. Demonstrates an ability and desire to learn about the enterprise and business unit critical business issues and financial drivers.
General knowledge of organisational and regulatory rules, policies and procedures and effectively employs that knowledge in day-to-day work activities.
Basic Product/Technical proficiency commensurate to incumbent's underwriting authority.
Demonstrates basic ability in the areas of customer focus and positive broker interaction.
Basic ability to effectively coach others and provide feedback that is clear, concise and professional.
Chartered Insurance Institute (CII) Certification preferred

What is a Must Have?

Previous experience of underwriting in Property and Casualty classes of business.
Incumbents are required to hold a full and valid driving licence.

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/.

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