Account Executive, Global Underwriter

Travelers Insurance Company • Springfield, IL • 12h ago

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 170 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

Compensation Overview

The annual base salary range provided for this position is a nationwide market range and represents a broad range of salaries for this role across the country. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. As part of our comprehensive compensation and benefits program, employees are also eligible for performance-based cash incentive awards.

Salary Range

$85,600.00 - $141,200.00

Target Openings

What Is the Opportunity?

Under general supervision, underwriting responsibilities typically include: underwriting new and renewal international reverse-flow (incoming global) business on accounts of moderate complexity for all commercial property and casualty lines of business. Working with other business units as appropriate to support US admitted placement and compliance objectives and assisting with cross-sell opportunities. Independently manages assigned foreign partners. May occasionally seek assistance from a senior level Account Executive or manager on more complex accounts. The incumbent in this job does not manage others.

What Will You Do?

Underwriting and Pricing: Underwrites primarily moderately complex US admitted accounts for all commercial property and casualty lines of business and risks and considers different approaches toward risks to maximize profitability (e.g., pricing, retention, endorsements, limits, indemnity, and security). Uses good judgment in making decisions within own underwriting authority and makes recommendations on other accounts to support foreign partners, both Travelers overseas offices and foreign network partners. Initiates collaborative discussions. Negotiates skillfully in difficult situations. Develops and executes on a plan to meet business objectives. Anticipates and identifies moderately complex underwriting/marketing problems and advises foreign partners accordingly, thoroughly analyzes available information and makes timely practical decisions. Fosters collaboration within the business unit and across the enterprise. Seeks enterprise-wide solutions to business problems. Assists less experienced employees when appropriate. In addition to leading self, may coach less experienced staff members. May participate in the training of less experienced\ Account Executives. Other duties as assigned.

What Will Our Ideal Candidate Have?

Bachelor's degree.

Six to eight years of relevant underwriting experience with experience in commercial lines.

Deep knowledge of commercial lines products, the regulatory environment, and the local insurance market.

Strong critical thinking skills with the ability to proactively identify underwriting, marketing, or financial challenges and analyze available information to make timely decisions in alignment with our risk appetite.

Excellent communication skills with the ability to successfully negotiate in difficult situations with agents and brokers.

CPCU designation.

What is a Must Have?

Two years of underwriting, claim, operations, risk assessment, actuarial, sales, product, or finance experience.

What Is in It for You?

Health Insurance : Employees and their eligible family members - including spouses, domestic partners, and children - are eligible for coverage from the first day of employment.

Retirement: Travelers matches your 401(k) contributions dollar-for-dollar up to your first 5% of eligible pay, subject to an annual maximum. If you have student loan debt, you can enroll in the Paying it Forward Savings Program. When you make a payment toward your student loan, Travelers will make an annual contribution into your 401(k) account. You are also eligible for a Pension Plan that is 100% funded by Travelers.

Paid Time Off: Start your career at Travelers with a minimum of 20 days Paid Time Off annually, plus nine paid company Holidays.

Wellness Program: The Travelers wellness program is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health program provides access to free professional counseling services, health coaching and other resources to 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 program 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.

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