Underwriting Manager (Private & Non-Profit Liability)

  • Travelers
  • Hartford, CT, USA
  • 601 views
Full Time Accounting Finance Insurance

Job Description

Underwriting Manager (Private & Non-Profit Liability)

15357BR

Company Information

Solid reputation, passionate people and endless opportunities. That's Travelers. Our superior financial strength and consistent record of strong operating returns mean security for our customers - and opportunities for our employees. You will find Travelers to be full of energy and a workplace in which you truly can make a difference.

Job Summary

Underwrite new and renewal business in a Business Unit for assigned offices. Considers all strategic aspects of the situation and can make independent decisions within underwriting authority. Assist field office in achieving their budgeted financial results (premium, loss ratio, retention, commissions, pricing, and new business) through execution of Business Unit strategies. Support sales goals and plans of field offices and help build and maintain producer relationships. Communicate product information and strategies to field offices and provide technical leadership.

Primary Location

Hartford - Connecticut - United States

Job Category

Underwriting

Position Type

Experienced/Professional

Target Openings

1

Marketing Description

The Bond and Specialty Insurance division is looking for an Underwriting Manager to be a part of its Private & Non-Profit Liability Home Office underwriting team. The Underwriter Manager must have significant experience in underwriting management liability insurance coverage and a thorough understanding of the Private & Non-Profit insurance market. This position will report directly to a Regional Underwriting Officer.


The Underwriting Manager will contribute to the success of the Bond and Specialty Insurance division by understanding & underwriting exposures and being a dedicated resource to the field office teams. In addition to assisting assigned region(s) in achieving their budgeted financial results the Underwriting Manager will be involved in setting coverage and strategy terms for this segment of the market. Additionally, this position will be expected to participate in, and lead projects for the Business Unit.
 

Primary Job Duties & Responsibilities

Underwriting Responsibilities: Underwrite and assess risk for Bond and Specialty Insurance and accounts in a Business Unit. Make appropriate decisions within own underwriting authority and make appropriate recommendations to referral Underwriter. Underwrite most complex/demanding accounts and risks and consider different approaches toward risks to maximize profitability (e.g., pricing, retention, endorsements, limits, indemnity, and security) by considering all factors related to the account. Within authority limit, make timely and prudent decisions consistent with Bond and Specialty Insurance Business Unit requirements and standards and within submission timeframe. Understand and communicate segment strategies to the field. Execute strategies on their accounts to produce budgeted results. Actively seek feedback regarding strategies and work with the field to take actions necessary to address issues. Portfolio Management - Continuously manage portfolio of business (maintain quality of business required by Business Unit strategy). Accountable for accurate underwriting documentation/ information in account management systems and adherence to documentation standards. Monitors and reports on finding for the field. Act as the Hub or industry/subject resident expert. As the referral Underwriter, assure that policies and accounts are effectively underwritten, handled and documented in compliance with Business Unit and regulatory standards and requirements. Sales Management Responsibilities: Act as a partner with the Field to review sales plans and determine appropriate levels of Home Office visibility to support producer relationships. Work strategically and tactically with producers to ensure appropriate level of understanding of company goals and objectives. May participate with Field on account specific direct sales efforts to influence the outcome of the sale. Partner with the Field Office on sensitive account specific communication and participate in the communication if necessary. Support and encourage cross sell opportunities within Bond and Specialty Insurance and Travelers. Participate in producer and industry functions to increase visibility in the marketplace, network with key players in the territory and industry, and increase knowledge of the industry. Producer and account interaction focuses on meeting customer expectations regarding response time and knowledge of products and business. Operations Responsibilities: Maintain a collaborative relationship with Field Office and Home Office (i.e. Claim, Legal) colleagues. Actively participate in Business Unit and Hub meetings. Demonstrate superior responsiveness to the Field (consistency, quick response, knowledge of products). Interact and participate on national projects having an impact on the business. Leads projects as required. Execute on policies, procedures, and strategies.

Minimum Qualifications

Minimum of 5 years of equivalent work and/or industry experience.

Education, Work Experience & Knowledge

Four year college degree preferred 
RPLU is a plus
 

Job Specific & Technical Skills & Competencies

Excellent writing, analytical, interpersonal, presentation and investigative skills.
Effectively communicates & collaborates with Field and Home Office colleagues.
Communicates with confidence and ability to influence outcome of interactions
Ability to make and lead presentations internally & externally  
Works well in a team environment 
Assist team members to ensure customer needs are met
Possesses a strong work ethic and demonstrates operational excellence by complying with policies, procedures, and strategies, and organizing and prioritizing workload
Highly motivated to meet requirements of position
Seeks opportunities to continuously develop skills
Conducts self in a professional manner when representing the organization both internally and externally
Daily and overnight Travel is required for this role 
 

Physical Requirements

Operates standard office equipment. Requires extended periods of computer use. Requires extended periods of sitting.

Equal Employment Opportunity Statement

Travelers is an equal opportunity employer.

Occupations

Underwriter