Travelers

Underwriter, Small Commercial

Posted on: 28 Sep 2022

Syracuse, NY | Walnut Creek, CA

Job Description

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

$51,800.00 – $85,500.00

Target Openings

4

What Is the Opportunity?

Underwrite Select endorsements, new business, and other midterm transactions within delegated authority in a high-volume environment. Territory covered is countrywide. Contribute to outlier management through renewal red flag reviews and Policy Assessments of Classification and Eligibility (PACE), among other processes. Support key business objectives, account retention, and account growth. Candidates well suited to this role will enjoy learning about a wide variety of small businesses, research, analysis and decision making required to meet Travelers and customer expectations. Such individuals will also appreciate team collaboration and frequent communication with agents to achieve desired results.

What Will You Do?

Evaluate complex renewal and endorsement business to accept, modify, decline, and price accounts.
Underwrite new business generated by the Business Center.
Comply with underwriting strategies and regulatory requirements.
Ensure underwriting quality through appropriate application of underwriting analysis based on risk complexity.
Apply appropriate terms and conditions and document underwriting decision rationale.
Engage with agents to close individual transactions.
Supply technical underwriting analyses and recommendations to other employees within Small Business Underwriting and Business Centers.
Provide technical expertise in the delivery of underwriting training supporting the needs of local Business Center teams.
Perform other duties as assigned.

What Will Our Ideal Candidate Have?

Bachelor’s degree.
Two or more years of underwriting experience.
Strong knowledge of property and casualty products and marketplace.
Strong technical multi-line underwriting skills.
Quantitative reasoning, critical thinking skills.
Strong relationship-building skills; ability to establish productive networks inside and outside of Travelers.
Strong verbal and written communication skills.
Ability to effectively prioritize and complete multiple tasks within a fast-paced work environment.
Insurance designations (CPCU, INS).
Insurance Brokers License.

What is a Must Have?

Two years of property casualty insurance 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 and resources that empower you to achieve your wellness goals. In addition, our Life Balance program provides access to professional counseling services, life coaching and other resources to support your daily life needs. Through Life Balance, you’re eligible for five free counseling sessions with a licensed therapist.
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.

Travelers

New York, New York

The Travelers Companies, Inc., through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United states and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance. The Business Insurance segment offers workers' compensation, commercial automobile and property, general liability, commercial multi-peril, employers' liability, public and product liability, professional indemnity, marine, aviation, onshore and offshore energy, construction, terrorism, personal accident, and kidnap and ransom insurance products.

This segment operates through select accounts, which serve small businesses; commercial accounts that serve mid-sized businesses; national accounts, which serve large companies; and national property and other that serve large and mid-sized customers, commercial transportation industry, and agricultural businesses, as well as markets and distributes its products through brokers, wholesale agents, program managers, and specialized retail agents. The Bond & Specialty Insurance segment provides surety, fidelity, management and professional liability, and other property and casualty insurance products.

The Personal Insurance segment offers property and casualty insurance covering personal risks, primarily automobile and homeowners insurance to individuals. The company distributes its products primarily through independent agencies and brokers. The Travelers Companies, Inc. was founded in 1853 and is based in New York, New York.

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