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Construction Risk Underwriter

3 weeks ago


Glendale, California, United States THE TRAVELERS INDEMNITY COMPANY Full time

At The Travelers Indemnity Company, we are seeking a skilled Construction Risk Underwriter to join our team. In this role, you will be responsible for managing the profitability, growth, and retention of an assigned book of business.

Job Description:

This is a technical sales expert position where you will underwrite and negotiate complex customer accounts to minimize risk and maximize profitability. You will cultivate and maintain relationships with internal partners within the business unit and across the enterprise to create sales plans and identify cross-selling opportunities. Additionally, you will foster and maintain relationships with external partners by regularly meeting in person with agents and brokers to market and sell Travelers products.

Key Responsibilities:
  • Manage the profitability, growth, and retention of an assigned book of business
  • Underwrite and skillfully 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 and brokers to market and sell Travelers products
  • 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 construction risk or oil and gas
  • Deep knowledge of construction risk or oil and gas products, the regulatory environment, and the local insurance market
  • 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
Benefits:
  • Health Insurance: Employees and their eligible family members are eligible for coverage from the first day of employment
  • Retirement: Travelers matches employee 401(k) contributions dollar-for-dollar up to the first 5% of eligible pay, subject to an annual maximum
  • Paid Time Off: Start with a minimum of 20 days Paid Time Off annually, plus nine paid company Holidays
  • Wellness Program: Tools, discounts, and resources empower employees to achieve wellness goals and caregiving needs
  • Volunteer Encouragement: Deep commitment to the communities served and encouragement of employee involvement