Underwriter Trainee - Construction Surety

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.

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

$59,200.00 - $97,700.00

Target Openings

1

What Is the Opportunity?

The Bond and Specialty Insurance division of Travelers is seeking to add a new member to our Construction Surety team in an Underwriting Development Program role. This is an opportunity to join a dedicated collaborative team of underwriters in a highly visible and challenging role. Our Underwriting Professional Development Program (UPDP) provides participants the opportunity to build a unique and successful career within a highly specialized niche of the insurance industry.

From the construction of the Hoover Dam to the renovation of the Statue of Liberty, Travelers’ Construction Services provides performance guarantees and related services to general and heavy contractors, construction managers, and subcontractors. Construction Services underwriting includes financial and contract analysis, customer meetings, job site visits, and consultative services.

In the Underwriting Professional Development Program (UPDP), you will build underwriting skillsets through a blend of mentorship, classroom instruction, and on-the-job training. As a member of the UPDP, you will work with a collaborative team of underwriters that will provide you with the opportunity to build a successful career within the unique field of specialty insurance and surety.

What Will You Do?

• Gather and analyze pertinent information including financial statements in order to evaluate the acceptability of business risk.
• Build relationships with agents, brokers, and insured clients to help achieve business goals.
• Undergo extensive training in order to underwrite, market to, negotiate with, and influence agents and brokers to manage a profitable book of business.
• Begin to build and understand relationships with Travelers employees within the business unit and across the enterprise in order to begin to create sales plans.
• Ability to travel to internal meetings with team members and external meetings with agents, brokers, and clients.
• Perform other duties as assigned.

What Will Our Ideal Candidate Have?

• Applicable professional experience.
• Take the initiative on tasks with the ability to learn the industry, product line, and internal programs and platforms.
• Demonstrates effective verbal, written and listening communication skills.
• Ability to leverage analytical skills.

What is a Must Have?

• Bachelor’s degree or one year of applicable business 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.

In accordance with local law, candidates seeking employment in Colorado are not required to disclose dates of attendance at or graduation from educational institutions.

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/.