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VP Specialty Practices & Industry Edge

Employer
Travelers Insurance
Location
Hartford, Connecticut
Salary
Not Specified
Closing date
Sep 25, 2019

View more

Category
Executive / Management
Job Type
Not Specified
Career Level
Not Specified

Job Details

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.



The incumbent is responsible for managing the underwriting, growth and profitability of the Specialty Practices businesses (Excess Casualty, Public Sector and Technology) globally through the development and management of profit strategies consistent with Middle Market objectives. Incumbent is responsible for review and development of sound underwriting standards and the management of the underwriting process for Specialty Practices. Oversees implementation of underwriting execution where specialization is critical, and to create distribution, profit and growth strategies for Specialty Practices in conjunction with Field leadership. Oversees production, profit, product, marketing strategy and execution for key industry segments within Commercial Accounts Group. Responsible for effective collaboration with field and Middle Market leadership team to achieve Business Insurance objectives.
  • Strategy and Business Results: Manage Specialty Practices to achieve financial plan, underwriting and marketing results
  • Develops business strategy and sets annual plan targets that optimize product integration and cross-sell for Specialty Practices and implements in partnership with field leadership
  • Set strategy for new product development and oversee all steps necessary in the delivery of new products to market
  • Oversees development and implementation of Industry Edge strategy
  • Works closely with international resources to establish and execute on international strategies
  • Oversees field execution for Specialty Practices; works with field leadership to establish and adjust execution strategies on an ongoing basis
  • Underwriting and Pricing: Define underwriting appetite utilizing specialized expertise as well as product and coverage needs across all customer sizes and countries
  • Establishes underwriting policies and standards
  • Drives underwriting strategy based on sound analysis of financial trends, territorial needs and marketplace dynamics
  • Jointly accountable with field leadership for the results of the line's most complex, at risk or hard to close deals as needed
  • Leading People: Has an active and collaborative partnership with HR around recruiting plans and staff development to attract and retain top talent.
  • Works closely with leaders on developing bench strength for all key positions
  • Staff management functions include, but not limited to, coaching, training, planning and performance management in a supportive, team oriented, collaborative manner
  • Shares talent management responsibilities with field leadership and other Enterprise leaders for the benefit of the organization
  • Builds and maintains valued internal business partnerships within Business Insurance, the Enterprise, and external constituencies as appropriate Distribution Management:
  • May engage key distribution specialists directly on the line or industry on behalf of Travelers


15+ years of Property & Casualty underwriting experience preferred. Bachelor's, MBA or Master's degree preferred. Comprehensive knowledge and mastery of business line strategy including underwriting, pricing, operations, finance and product development. CPCU designation preferred. Advanced level of technical and industry expertise on the line or industry. Demonstrated track record of strong execution and ability to drive results. Demonstrated ability to set broad strategic direction for a large or complex portion of the business. Advanced ability to communicate, influence and negotiate, lead by example, and make complex decisions that impact all of Business Insurance. Proven ability to lead enterprise level change and operate strategically in a complex, matrix organization structure. Experience leading and developing people, and driving optimal results through diverse teams at varying levels.

12 years of underwriting and/or product experience required. People leadership experience required.

Travelers is an equal opportunity employer.
To apply for this position please CLICK HERE

Company

Trav Banner

WHO WE ARE

Imagine a Career With Purpose.

For more than 160 years Travelers has earned a reputation as a leader in personal, business and specialty insurance because we take care of our customers. When you work at Travelers, life’s most important moments become your life’s work. That means helping families feel secure, businesses to prosper, knowing that you’ve made a difference, and feeling like you belong to something bigger.


LIFE AT TRAVELERS

Imagine Playing a Role in Something Bigger.

A career at Travelers means being part of a team comprised of 30,000 + talented and passionate people that’s evolving to meet changing needs – from customer service to data science and beyond. If that’s more than you imagined in an insurance career, it’s time to join us at Travelers.


JOIN OUR TALENT COMMUNITY
As a part of our Talent Community, you will receive customized job alerts, be the first to know about opportunities to work at Travelers, and stay connected with our recruiters!

 

 

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