About Travelers

The Travelers Companies, Inc. (NYSE: TRV) is a leading property casualty insurer selling primarily through independent agents and brokers. The company's diverse business lines offer its global customers a wide range of coverage in the auto, home and business settings. A component of the Dow Jones Industrial Average, Travelers has more than 30,000 employees and generated revenues of approximately $25 billion in 2010.

Asset Management Home Office Underwriter

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
The Bond & Specialty Insurance Financial Institutions Home Office team is seeking a talented professional to join the Asset Management organization as an Underwriting Manager.

As a home office resource for assigned field offices, the Underwriting Manager will be responsible for providing underwriting authority to field staff on new and renewal complex accounts within the Asset Management business segment. This individual will partner with field offices to support the successful achievement of financial results through execution of Asset Management business segment strategies. In addition, the Underwriting Manager will support sales goals and plans of field offices, help build and maintain producer relationships, communicate product information and strategies to field offices and provide technical leadership when necessary. In this role, the individual would also be expected to collaborate closely on development of Asset Management segment strategy with other home office staff.

Primary Job Duties & Responsibilities
Primary Responsibilities


* Underwrite and assess risk for Bond & Financial Products and accounts in the Asset Management Segment. Make appropriate decisions within own underwriting authority and make appropriate recommendations to referral Underwriter.
* Assist referral Underwriter in review of 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 & Financial Products 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.
* In accepting over-authority requests from the referral Underwriter, assure that policies and accounts are effectively underwritten, handled and documented in compliance with Business Unit and regulatory standards and requirements.

* 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 & Financial Products 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.

* 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.

Education, Work Experience & Knowledge
  • Bachelor's degree preferred
  • 5+ years of asset management underwriting experience preferred

Environmental/Work Schedules/Other

Equal Employment Opportunity Statement
Travelers is an equal opportunity employer.
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