Travelers Senior Development Underwriter - FI in London, United Kingdom
Senior Development Underwriter - FI
Primary Job Duties & Responsibilities:
As Senior Development Underwriter you will:
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).
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.
Establish and maintain collaborative relationships with colleagues in Head Office, Risk Control, Claims, Actuarial, and as needed, any other parts of the organisation.
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.
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.
Demonstrate superior customer service standards (consistency, quick response, knowledge of products)
Job Opening ID:
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:
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.
We have an excellent opportunity for a Senior Development Underwriter to join our Financial Institutions team in London on a permanent basis.
As a Senior Development Underwriter with us you will produce and underwrite new and renewal business from assigned brokers in accordance with underwriting authority. You will consistently achieve superior financial results (retention, pricing, new business, profitability) through superior execution of regional or product underwriting strategies. Interact and collaborate with a team of regional or product colleagues and other internal/external business associates to attract new business, retain existing customers, and explore new areas of business.
We aim to offer an inclusive and flexible approach to how and when you work, as well as good work-life benefits. We are happy to discuss all types of flexible working with you, when you join us for your interview. While we may not be able to accommodate exactly what you want, we are always open to having the conversation.
Education, Work Experience & Knowledge:
You will preferably have a university degree and/or Chartered Insurance Institute (CII) Advanced Certification or Diploma.
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.
Operates standard office equipment (Continuously) Sitting (Can stand at will) (Continuously) Use of Keyboards, Sporadic 10-Key (Continuously) Use of Display Screen Equipment (Continuously)
Previous experience of underwriting in management liability/professional indemnity/financial institutions required.
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:
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.