Senior Development Underwriter - Financial Institutions

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 170 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. Job Category Underwriting Target Openings 1 What Is the Opportunity? Under the general supervision, produce and underwrite new and renewal business from assigned brokers in accordance with underwriting authority. Consistently achieve superior financial results (retention, pricing, new business, profitability) through superior execution of regional or product underwriting strategies. Interact and collaborate with a team of regional or product colleagues and other internal/external business associates to attract new business, retain existing customers, and explore new areas of business. Position involves both underwriting and sales. Includes direct responsibility for broker development and management within a defined book of business. Act as a local expert and role model for other team members. Actively coaches/mentors and/or manages other Development Underwriters. What Will You Do? • Underwrite and assess risk for products and accounts from assigned brokers. Make appropriate decisions within own underwriting authority in addition to considered, intelligent, and complete recommendations to regional or product underwriting leadership. • Consistent with TICL underwriting principles underwrite more complex accounts and risks and consider different approaches toward risks to maximise profitability (e.g., pricing, retention, endorsements, limits, indemnity, security). • Make prompt, sound decisions within underwriting authority and based on appropriate underwriting information. Negotiate terms and conditions consistent with regional or product underwriting requirements and standards within submission timeframe. • Understand and execute product segment strategies to produce budgeted results. • Continuously manage book of business (maintain quality of business required by regional or product underwriting strategy). • Accountable for accurate underwriting documentation and information in account management systems and adherence to documentation standards. • Embrace required working practices with allocated Underwriting Account Management resource in order to deliver appropriate and timely underwriting service on your accounts at all times. • Establish and maintain collaborative relationships with colleagues in Head Office, Risk Control, Claims, Actuarial, and as needed, any other parts of the organisation. • In exercising own underwriting authority, assure that policies and accounts are effectively underwritten, handled and documented in compliance with company and regulatory standards and requirements. • Develop and leverage broker/client relationships through a high level of visibility and using a disciplined sales management approach (e.g., planning and follow-up for broker and prospective customer visits/meetings) in support of business objectives. • Effectively develop and execute sales plans for assigned brokers in conjunction with the regional sales leadership as appropriate. • Create and achieve sales plans that identify and capture new business opportunities and effectively cross sell TICL products. • Act as a responsible business partner with assigned brokers and clients, managing interests of TICL. • Seek out and maintain collaborative relationships with colleagues in other business units and regions to foster business development. • Actively participate/lead regularly scheduled regional and product underwriting and/or sales meeting