The Travelers Companies, Inc

Portfolio Underwriting Manager, US MGA

The Travelers Companies, Inc • $109K — $180K *
Boston, MA 02115Hybrid
Finance & Insurance
8 - 10 years of experience
1 month ago
Job Overview by Ladders

Qualifications

  • 8+ years of experience in commercial P&C underwriting with specific focus on various lines of business
  • Bachelor's degree in a relevant field
  • Preferred insurance designations (CPCU, AU, ARM, AAI)
  • Advanced knowledge of insurance workflows, underwriting guidelines, and pricing models
  • Strong communication, analytical, quantitative, and problem-solving skills

Responsibilities

  • Monitor portfolio performance focusing on profitability across business lines
  • Collaborate with colleagues to identify growth opportunities and mitigate risks
  • Work closely with Claims Manager for insights that inform strategic actions
  • Lead underwriting projects and make decisions for portfolio development
  • Support innovation and automation efforts in underwriting
  • Serve as a subject matter expert for guiding partnerships
  • Build strong relationships with external stakeholders, including reinsurers

Benefits

  • Comprehensive medical, dental, vision, and prescription drug coverage
  • Short-term and long-term disability, plus life insurance
  • 401(k) plan with 5% employer match and participation in bonus program
  • Commuter benefits to assist with transportation costs
  • Generous vacation (25 days) and sick leave (10 days) policies
  • Investment in learning and development opportunities
  • Hybrid work model for flexible work arrangements
Full Job Description
Job Category
Underwriting

Position Type
Permanent

Compensation Overview

The annual base salary range provided for this position is a nationwide market range and represents a broad range of salaries for this role across the country. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. As part of our comprehensive compensation and benefits program, employees are also eligible for performance-based cash incentive awards.

Salary Range
$109,300.00 - $180,200.00

Target Openings
1

What Is the Opportunity?
As a pivotal member of the Managing General Agent (MGA) team, you will be responsible for comprehensive portfolio management and underwriting oversight across all MGA lines of business. You will regularly collaborate with internal stakeholders across Product, Pricing, Customer Service Center, and Insights teams to drive program profitability, growth, and long-term sustainability. Additionally, this position requires external representation with reinsurers and fronting carriers to drive initiatives for improved growth and profitability.What Will You Do?

  • Actively monitoring the flow, health, and profitability of the entire book of business, including a deep focus on new business, renewals, geographic concentration, industry/class results, and product profitability across lines of business, distribution channels, state and territory, and industry/class-specific segments.

  • Collaborating with MGA colleagues to research and interpret complex data, identifying growth opportunities through optimization and mitigating loss potential. Support Product Managers, Underwriters, and Actuaries in strategic execution.

  • Collaborating closely with the Claims Program Manager to gather insights that inform Product and Underwriting teams for strategic portfolio action.

  • Leading underwriting projects and making independent decisions to strengthen and develop the MGA portfolio.

  • Supporting underwriting innovation and automation through strategic partnerships with digital product and insurance product teams.

  • Serving as a Subject Matter Expert (SME) for partnership distribution, including marketing, coverage, and underwriting guidance on all lines of business.

  • Building and maintaining strong relationships with key external stakeholders, including capacity providers and fronting carriers.

  • Empowering and mentoring less experienced underwriters through active support, knowledge transfer, and continuous educational opportunities.

What Will Our Ideal Candidate Have?

  • An entrepreneurial spirit who thrives in an insurance start-up environment.

  • Extensive underwriting experience with commercial P&C products, including General Liability, Inland Marine, Property, and BOP, is required across various lines of business.

  • Bachelor's degree with 8+ years of relevant work experience.

  • Insurance designation(s) and/or insurance education are preferred (CPCU, AU, ARM, AAI).

  • Advanced knowledge of product offerings, insurance lifecycle processes, underwriting guidelines.

  • Advanced understanding of insurance workflows and concepts, including limits, coverages, pricing models, ISO, and form/rate rules.

  • Excellent communication, analytical, quantitative, and problem-solving skills.

  • You are passionate about the customer and the customer's user experience.

  • The ability to challenge us! We want people who can come in and shape the future of this business and not be afraid to raise questions and help us improve.

What Is in It for You?

Here are some of the great benefits and perks that come from being a Simply Business employee:

  • Group plan for medical, dental, vision, and prescription drug coverage.

  • Short term disability, long term disability, and life insurance coverage.

  • Participation in the Companys bonus program-Participation in 401(k) plan with a 5% employer match.

  • Commuter benefits to help cut down on parking and public transit costs.

  • 25 days of vacation time plus 10 sick days and 10 company holidays.

  • A genuine investment in your learning and development-Regular team outings and volunteer opportunities.

  • An awesome office space.

  • A hybrid working model, giving our employees great choice and flexibility to work in a way thats best for their particular job, their teams, and their lives.

About The Travelers Companies, Inc

Travelers is an insurance leader, committed to keeping pace with the ever-changing needs of their customers and anticipating their needs for the future. There is no stronger testament to their dedication to protecting customers from loss than their continued innovation and ability to transform their industry. In fact, from the first-ever auto and space travel policies and hybrid car discount, to the 2009 founding of The Travelers Institute for public policy, their history of advancements has propelled their company—and their industry—towards ever higher standards for customers. Travelers is a company that works hard at the science of what they do: they analyze information, process perspectives and measure results to create the best combination of products and services. They work equally hard at customer service and how they interact with the people whom they do business. Over the years, they've strived to earn their customer's loyalty by continually improving their abilities to listen and respond to their needs.

The Travelers Companies, Inc Careers

Join the vibrant team at The Travelers Companies, Inc, a leader in the insurance industry, and propel your career to new heights with a company known for its commitment to innovation, leadership, and professional growth.

Explore Job Opportunities and Growth

At The Travelers Companies, Inc, we offer a plethora of job opportunities that cater to a variety of skills and professional interests. Whether you're seeking a position in management, customer service, underwriting, or IT, we have a place for you. Our commitment to professional growth means we provide unparalleled career advancement tools and leadership training to help you climb the ladder of success.

Internship Programs: A Gateway to Employment

Kickstart your career with our dynamic internship programs. These opportunities are designed not just to teach, but to challenge and expand your understanding of the industry. Internships at Travelers are a perfect way to enhance your resume and gain valuable real-world experience, making you a competitive candidate for future employment.

Culture and Benefits

At The Travelers Companies, Inc, we pride ourselves on a culture that fosters diversity, networking, and innovation. Our team is our family, and we support each other's professional and personal growth. The benefits at Travelers are comprehensive, designed to meet the diverse needs of our employees, including health, wellness, and continuous education.

Hiring Process: What to Expect

Our hiring process is straightforward and transparent, designed to find passionate, curious, and solution-driven team players. From the initial application and resume submission to the interview, we ensure that every candidate is treated with respect and given a fair chance to demonstrate their capabilities.

Career Development and Training

We believe in nurturing talent and providing our team with the tools they need to succeed. Our career development programs include professional training, diversity training, and skills enhancement workshops. These resources are tailored to foster innovation and empower our employees with the latest industry knowledge and best practices.

Join Our Team

Are you ready to explore the exciting career opportunities at The Travelers Companies, Inc? Search open positions that match your skills and interests. We are always looking for individuals who are driven to innovate and lead.

Stay Connected

Keep up to date with the latest news, insider perspectives, and industry-leading insights you can put to use today—all from the people who work here. Personalize your subscription to receive job alerts, latest news, and insider tips tailored to your preferences. Discover the rewarding opportunities that await at The Travelers Companies, Inc.

Explore Careers at The Travelers Companies, Inc

Embark on a journey of growth, opportunity, and excellence. At The Travelers Companies, Inc, your career is just beginning. Join us and make a difference in a company that values leadership, diversity, and forward-thinking.
Learn more about The Travelers Companies, Inc
Size
30,800 employees
Market Cap
$44.1 billion
Industry
Finance & Insurance
Net Income
$2.6 billion
Founded
1853
5 Year Trend
+4.7%
Revenue
$32 billion
NASDAQ
TRV
* Ladders Estimates

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