Senior Underwriter

4 weeks ago


Chicago, Illinois, United States THE TRAVELERS INDEMNITY COMPANY Full time

At THE TRAVELERS INDEMNITY COMPANY, we are committed to delivering exceptional service to our customers and communities. As a Senior Underwriter, you will play a critical role in achieving this goal.

Job Summary

The Senior Underwriter will be responsible for managing the profitability, growth, and retention of an assigned book of business. This will involve underwriting and negotiating complex customer accounts to minimize risk and maximize profitability.

Key Responsibilities
  • Manage the profitability, growth, and retention of an assigned book of business
  • Underwrite and negotiate complex customer accounts to minimize risk and maximize profitability
  • Cultivate and maintain relationships with internal partners within the business unit and across the enterprise to create sales plans and identify cross-selling opportunities
  • Foster and maintain relationships with external partners by regularly meeting in person with agents, brokers, and customers to market and sell Travelers products with a goal of writing and retaining accounts consistent with our risk appetite
  • Identify and capture new business opportunities using consultative marketing and sales skills
  • Independently develop and execute agency sales plans and frequently partner with your Managing Director (MD) to develop region/group sales plans
  • May assist in the training and mentoring of less experienced Account Executives
Requirements
  • Bachelor's degree
  • Six to eight years of relevant underwriting experience with experience in National Accounts
  • Deep knowledge of loss sensitive products, the regulatory environment, and the local insurance market
  • Deep financial acumen
  • Strong critical thinking skills with the ability to proactively identify underwriting, marketing, or financial challenges and analyze available information to make timely decisions in alignment with our risk appetite
  • Excellent communication skills with the ability to successfully negotiate in difficult situations with agents and brokers
  • CPCU designation
What We Offer
  • Health Insurance: Employees and their eligible family members 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
  • 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
  • Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved


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