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Senior Development Underwriter - FI (Part Time)

London (Greater) (GB)

Company Summary

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 160 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.

Target Openings


Job Description Summary

We have an excellent opportunity for a Senior Development Underwriter to join our Financial Institutions team in London on a permanent basis.

As a Senior Development Underwriter with us you will produce and underwrite new and renewal business from assigned brokers in accordance with underwriting authority. You will 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.

We aim to offer an inclusive and flexible approach to how and when you work, as well as good work-life benefits. We are happy to discuss all types of flexible working with you, when you join us for your interview. While we may not be able to accommodate exactly what you want, we are always open to having the conversation.

Primary Job Duties & Responsibilities

  • 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 meetings with your team.
  • Demonstrate superior customer service standards (consistency, quick response, knowledge of products).
  • Work with others to help achieve underwriting, sales and production goals and understand and work towards strategic objectives.
  • Customer interaction focusing on meeting customer expectations for response time and knowledge of products and business.
  • Work strategically and tactically with brokers to ensure they have an appropriate level of understand.

Minimum Qualifications

  • Previous experience of underwriting in management liability/professional indemnity/financial institutions required.

Education, Work Experience, & Knowledge

  • University degree and/or Chartered Insurance Institute (CII) Advanced Certification or Diploma preferred.
  • General knowledge of industry business operations and work methods, critical business issues and financial drivers that affect the Line of Business.
  • General knowledge of the local insurance marketplace and effectively uses that knowledge to the Company's advantage; continuously seeks out local market insight.
  • Continuously seeks out market insight and uses acquired knowledge to assist less experienced employees.

Licensing or Certificates

  • N/A

Job Specific Technical Skills & Competencies

  • Intermediate:
  • Relationship Management: Seeks out, builds, fosters and maintains productive relationships or alliances to meet goals and achieve objectives
  • Intermediate:
  • Business Perspective: Uses knowledge of internal and external factors that impact the Lloyd's Market to make decisions
  • Intermediate:
  • Analytical Thinking/Financial Acumen: Identifies current or future problems or opportunities, analyzes, synthesizes and compares information to understand issues, identifies cause/effect relationships, and explores alternatives to support sound decision making.
  • Utilizes understanding of finance and accounting principles to identify the impact of responsible underwriting decisions on the overall profitability of the business.
  • Intermediate:
  • Product/Technical: Demonstrates technical proficiency and application of knowledge commensurate to his/her underwriting authority.
  • Makes sound quoting and pricing decisions that are in the Company's best interests.

Employment Practices

Travelers is an equal opportunity employer. We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences. 

If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email so we may assist you.

Travelers reserves the right to fill this position at a level above or below the level included in this posting.

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.