What are the responsibilities and job description for the Financial Analyst / Underwriter - Construction Surety 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
68,600.00 - $113,000.00
Target Openings
What Is the Opportunity?
Bond & Specialty Insurance provides management and professional liability insurance, as well as surety bonds to businesses and non-profit organizations of all sizes. As an underwriter, you will have a dynamic role that blends evaluating and analyzing financial and business risk, building relationships, and selling and negotiating with clients, agents, and brokers.
This role is part of the Construction Services team which provides surety bonds to public and private owners of construction projects. Underwriters also analyze business operations, financial statements, and evaluate market forces to provide consultative services to contractors.
As an Account Underwriter, Construction Surety, you will build relationships with agents and brokers to provide insurance or surety solutions to customers through various communication and collaboration platforms such as email, phone, Zoom, Microsoft Teams, and limited in-person engagements. You will work closely with assigned Account Executive(s) and enterprise partners to analyze and evaluate risk to achieve business goals within an assigned book of business. As an Account Underwriter, you are decisive, detail-oriented, and are learning to build relationships internally and externally to drive results. As you develop the ability to assess risk and sell our products, you will contribute to the profitability and success of Travelers.
What Will You Do?
- Manage the profitability, growth, and retention of a typically smaller assigned book of business largely composed of existing accounts.
- Underwrite and negotiate routine customer accounts to minimize risk and maximize profitability.
- Partner with leadership to execute business unit underwriting strategies across your book of business to achieve profit and growth objectives.
- Cultivate and maintain relationships with internal partners within the business unit and across the enterprise to identify cross-selling opportunities.
- Foster and maintain relationships with external partners through regular touchpoints and engagement. Travel to such touchpoints may be requested on a limited basis.
- Learn to identify and capture new business opportunities using consultative marketing and sales skills.
- Collaborate with assigned Account Executive(s) to execute agency, region, and group sales plans with guidance from management.
- Complete underwriting support activities for assigned agents on a limited basis.
- Perform other duties as assigned.
What Will Our Ideal Candidate Have?
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 : $68,600 - $113,000
