Travelers Associate Underwriter - Financial Institutions in London, United Kingdom

17508BR

Title:

Associate Underwriter - Financial Institutions

Target Openings:

1

Primary Job Duties & Responsibilities:

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 Underwriters in new business, renewal and mid-term alteration underwriting activities that support underwriting decisions, consistent with business growth and profit. 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 Underwriters, 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 Travelers' 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.

Job Opening ID:

17508BR

Environmental/Work Schedules/Other:

Each individual has responsibility for: Acting in accordance with Travelers Companies' Code of Business Conduct and Ethics, Business Excellence Policy and all HR policies and procedures. Delivering high quality service to brokers and customers in line with our service standards. Complying with all legal, insurance, regulatory, Lloyd's and Sarbanes Oxley rules and Guidelines Acting at all time in compliance with the Treating Customers Fairly outcomes. Working as a team with colleagues within the Company and the Enterprise. Developing strong relationships with our key supporting brokers and customers and all other key external stakeholders Adhering to the Company's policies and procedures. Keeping adequate records of all transactions undertaken with brokers, customer and all other Parties. Continually looking for improvement both from a personal and business perspective.

Equal Employment Opportunity Statement:

Travelers is an equal opportunity employer.

Job Specific & Technical Skills & Competencies:

Basic Product/Technical proficiency commensurate to incumbent's underwriting authority. Demonstrates basic ability in the areas of customer focus and positive broker interaction.

Job Category:

Underwriting

Job Summary:

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 does not manage others This job works under Close Supervision: Work is reviewed at several steps along the way. (Generally pertains to trainee positions.)

Position Type:

Entry Level, Experienced/Professional

Education, Work Experience & Knowledge:

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. Working knowledge of organisational and regulatory rules, policies and procedures and effectively employs that knowledge in day-to-day work activities.

Physical Requirements:

Operates standard office equipment - Continuously Sitting (Can stand at will) - Continuously Use of Keyboards, Sporadic 10-Key - Continuously

Minimum Qualifications:

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

Company Information:

Solid reputation, passionate people and endless opportunities. That's Travelers. Our superior financial strength and consistent record of strong operating returns mean security for our customers - and opportunities for our employees. You will find Travelers to be full of energy and a workplace in which you truly can make a difference.

Licensing or Certificates:

Chartered Insurance Institute (CII) Certification preferred

Primary Location:

London - Greater London - United Kingdom

We are committed to valuing the diversity that exists among our workforce, our business partners, our customers and our communities. With respect to our workforce, we are committed to not only increasing diversity in our hiring at all levels but also fostering an inclusive environment where all employees, regardless of race, color, religion, gender, gender identity, age, national origin, disability, veteran status, marital status, sexual orientation, genetic information or any other status or condition protected by law, can develop and thrive.