What are the responsibilities and job description for the Bond Construction Services Underwriting Manager position at Travelers Insurance?
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
111,600.00 - $184,200.00
Target Openings
What Is the Opportunity?
The Bond and Specialty Insurance division of Travelers is seeking an experienced Underwriting Manager to join our Home Office in Construction Services. This is a great opportunity to work with some of the largest companies in the world, underwrite complex contracts & obligations, and be on the leading edge of industry innovation and thought leadership. It is also an opportunity to join a successful, dedicated, and collaborative team of underwriters in a highly visible and challenging role. The candidate will have the ability to build a unique and rewarding career at an Industry leader within a highly specialized niche of the Insurance Industry.
Underwrite new and renewal business in a Business Unit for assigned offices. Considers all strategic aspects of the situation and can make independent decisions within underwriting authority. Assist field office in achieving their budgeted financial results (premium, loss ratio, retention, commissions, pricing, and new business) through execution of Business Unit strategies. Support sales goals and plans of field offices and help build and maintain producer relationships. Communicate product information and strategies to field offices and provide technical leadership.
What Will You Do?
Underwriting Responsibilities :
- Underwrite and assess risk for Bond and Specialty Insurance and accounts in a Business Unit.
- Make appropriate decisions within own underwriting authority and make appropriate recommendations to referral Underwriter.
- Underwrite most complex / demanding accounts and risks and consider different approaches toward risks to maximize profitability (e.g., pricing, retention, endorsements, limits, indemnity, and security) by considering all factors related to the account.
- Within authority limit, make timely and prudent decisions consistent with Bond and Specialty Insurance Business Unit requirements and standards and within submission timeframe.
- Understand and communicate segment strategies to the field. Execute strategies on their accounts to produce budgeted results. Actively seek feedback regarding strategies and work with the field to take actions necessary to address issues.
- Portfolio Management - Continuously manage portfolio of business (maintain quality of business required by Business Unit strategy).
- Accountable for accurate underwriting documentation / information in account management systems and adherence to documentation standards. Monitors and reports on finding for the field.
- Act as the Hub or industry / subject resident expert.
- As the referral Underwriter, assure that policies and accounts are effectively underwritten, handled and documented in compliance with Business Unit and regulatory standards and requirements.
Sales Management Responsibilities :
What is a Must Have?
What Is in It for You?
Employment Practices
Travelers is an equal opportunity employer. We believe that we can deliver the very best products and services when our workforce reflects the diverse customers and communities we serve. We are committed to recruiting, retaining and developing the diverse talent of all of our employees and fostering an inclusive workplace, where we celebrate differences, promote belonging, and work together to deliver extraordinary results.
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 / .
Salary : $111,600 - $184,200
