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.
Target Openings
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What Is the Opportunity?
We are looking for a Managing Senior Underwriter to manage the profitability of the Crisis Management book. You will be responsible for monitoring the rate adequacy of all business written or handled for your Line of Business, taking advice where appropriate from the Actuarial Department. Ensure the Line of Business strategy is executed and reviewed and performance/results are monitored, reviewed and reported upon as required. As a Segment Expert, tis role requires continuous learning and knowledge updating to maintain expertise.
Travelers Europe currently offers flexibility to employees who wish to work on a hybrid basis in accordance with our Hybrid Work Arrangements Policy. This entails full time employees working three days a week in the office and two days at home (or pro rata for part-time employees). This policy may be changed at the Company’s discretion.
What Will You Do?
Lead the strategic direction and the operational function of a particular Line of Business or Business Segment (multiple lines). Support the overall profitability, growth and retention of the Line of Business, and consistency of all related underwriting initiatives.
Ensure that the Line of Business operates in accordance with the Company's policies, procedures and controls (including audit requirements) at all times, and adhere to Lloyds Underwriting Management Standards ensuring business is only accepted in accordance with:
individual underwriting authority and, where relevant, with approval under the Lloyds Individual Registration Byelaw.
the Unit's business plan for the relevant year.
Support the development of assigned Line of Business and services such as researching and identifying target business, competitor information, industry and economic factors across the business.
Prepare the analysis and gather data to support the professional execution of corporate/business underwriting policies/standards.
Work closely with other business functions to allow optimum use of resources across the organisation.
Monitor Line of Business results (i.e. line profitability analysis, quarterly loss trends, utilisation/productivity etc.) and make recommendations for corrective action as necessary.
Monitor market factors and world affairs as part of research and development of new opportunities.
May prepare findings and analyse data in support of the company's position on the assigned Line of Business in response to requests from regulators.
Promote Travelers Line of Business, distribution strategy and philosophy and provides guidance on the Company's underwriting philosophy, procedures and requirements by building strong partnerships with Agents, Brokers and Customers.
Provide guidance, mentoring and coaching for the business unit as appropriate.
Build strong partnerships across Travelers to allow the optimum use of resource and continuing leverage of enterprise investment.
Support the writing of the assigned class of business in other sectors, e.g. Business Insurance Retail, Small and Bond and Specialty Insurance.
Perform other duties as assigned.
What Will Our Ideal Candidate Have?
Degree Education Preferred.
Thorough knowledge of industry business operations and work methods, critical business issues and financial drivers that affect the Line of Business.
Thorough knowledge of the local insurance marketplace and effectively uses that knowledge to the Company's advantage; continuously seeks out local market insight.
Routinely sought out by others as a knowledge resource; coaches / mentors less experienced employees on an ongoing basis.
emonstrates a thorough understanding of global insurance trends, industry/customer based trends and enterprise wide business and financial drivers that affect the line(s) of business.
Relationship Management: Seeks out, builds, fosters and maintains productive relationships, networks or alliances to meet goals and achieve results.
People Management:
Leads an engaged and inclusive culture.
Effectively manages all facets of staff performance in order to achieve business objective.
Manages to organisational and regulatory rules, policies and procedures.
Demonstrates full knowledge and experience in respect of Business Perspective: Uses knowledge of internal and external factors that impact the Lloyd's and/or Company Market to make decisions.
Demonstrates Intermediate knowledge and experience in respect of Analytical Thinking/Financial Acumen: Identifies current or future problems or opportunities, analyses, synthesises and compares information to understand issues, identifies cause/effect relationships, and explores alternatives to support sound decision making.
Utilises understanding of finance and accounting principles to identify the impact of responsible underwriting decisions on the overall profitability of the business.
Demonstrates full knowledge and experience in respect of Relationship Management: Seeks out, builds, fosters and maintains productive relationships or alliances to meet goals and achieve objectives.
Makes sound quoting and pricing decisions that are in the Company's best interests.
ACII preferred.
What is a Must Have?
Thorough knowledge and experience of underwriting related lines of business within the Lloyd's and/or company market.
What Is in It for You?
Private Medical Insurance: On commencement of employment, you are eligible for single cover provided by Travelers, with the option to add cover for your dependents, at your expense through payroll deduction.
Retirement: Travelers will make a core contribution of a percentage of salary to your Pension Plan. Additionally, if you decide to contribute to the plan, you will receive an increased company contribution.
Holiday Entitlement: Start your career at Travelers with a minimum of 25 days holiday entitlement annually, plus the opportunity to purchase additional days to allow for up to a total of 35 holidays per year.
Wellness Programme: The Travelers wellness programme is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health programme provides access to free professional counseling services and other resources that 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 programme 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.
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/.
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