The Travelers Companies, Inc

Senior Underwriter / Analyst - Commercial Surety

The Travelers Companies, Inc • $88K — $132K *
Vancouver, BC V5K 5J9Hybrid
Finance & Insurance
Less than 5 years of experience
3 weeks ago
Job Overview by Ladders

Qualifications

  • Bachelor’s degree in a finance-related discipline
  • 3-5 years of finance-related or management liability underwriting experience
  • Knowledge of management liability, professional liability, and surety products
  • Relevant broker interaction experience
  • Associateship of Canadian Surety Bonding designation
  • Strong financial analysis skills
  • Critical thinking and decision-making abilities

Responsibilities

  • Manage profitability, growth, and retention of an assigned book of business
  • Underwrite and negotiate accounts to minimize risk and maximize profitability
  • Develop sales plans and identify cross-selling opportunities with internal partners
  • Maintain relationships with brokers and market Travelers products
  • Identify new business opportunities through consultative sales skills
  • Execute sales plans to meet retention and new business targets
  • Perform additional duties as assigned

Benefits

  • Health insurance from day one for employees and eligible family members
  • Core contribution of 3% and dollar-for-dollar match up to 5% for retirement savings
  • Minimum of 20 days Paid Time Off (PTO) annually, with the potential for up to 36 days
  • Comprehensive wellness program including mental health resources
  • Encouragement and support for community involvement through volunteering and matching gifts
Full Job Description

Job Category

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 may also be eligible for performance-based case incentive awards.

Salary Range
$88,320.00 - $132,480.00

Target Openings
1

What Is the Opportunity?
The Bond & Specialty Insurance (B&SI) group at Travelers provides a broad array of competitive management liability, professional liability and surety products and coverages to businesses of all sizes. This Account Executive (AE), Bond & SI role will partner with brokers to provide coverage for new and renewal business based on customers' needs. As an AE, you are decisive, detail-oriented, and have the ability to build relationships internally and externally to drive results. Your ability to assess risk and promote our products will contribute to the profitability and success of Travelers.What Will You Do?
  • Responsible for the profitability, growth, and retention of an assigned book of business through thorough knowledge and understanding of Travelers risk appetite to make appropriate decisions within own underwriting authority.
  • Underwrite and skillfully negotiate customer accounts to minimize risk and maximize profitability.
  • Develop and maintain relationships with internal partners within the business unit and across the enterprise to create sales plans and identify cross-selling opportunities.
  • Develop, foster and maintain relationships with external partners by regularly meeting with brokers to market and promote Travelers products, leveraging a full range of product knowledge, with a goal of writing and retaining accounts consistent with our risk appetite.
  • Identify and capture new business opportunities using consultative marketing and sales skills.
  • Effectively develop and execute sales plans to ensure retention and new business targets are met.
  • Perform other duties as assigned.
What Will Our Ideal Candidate Have?
  • Bachelor’s degree in a finance-related discipline
  • Three to five years of finance-related experience or management liability, professional liability and/or surety underwriting experience
  • Knowledge of management liability, professional liability and/or surety products, the regulatory environment, and the local insurance market
  • Relevant experience interacting with brokers
  • Associateship of Canadian Surety Bonding designation
  • Strong financial acumen, including the ability to analyze financial statements and client’s operational history
  • Strong critical thinking skills with the ability to proactively identify underwriting, marketing or financial challenges and analyze available information to make timely decisions in alignment with our risk appetite
  • Communication skills with the ability to successfully negotiate with brokers

What is a Must Have?
  • Two years of finance-related experience or relevant insurance or underwriting experience
  • Valid driver’s license or alternative means of transportation
  • Travel 10-25% of time

What Is in It for You?
  • Health Insurance: Employees and their eligible family members – including spouses, partners, and children – are eligible for coverage from the first day of employment.
  • Retirement: Travelers provides a core contribution of 3% of your total eligible earnings to your Deferred Profit Sharing Plan (“DPSP”). Travelers also matches your savings plan contribution dollar-for-dollar up to 5% of base pay.
  • Paid Time Off: Start your career at Travelers with a minimum of 20 days Paid Time Off (“PTO”) annually, plus the opportunity to purchase additional days to allow for up to a total of 36 PTO days per year. You will also receive twelve paid company Holidays.
  • Wellness Program: The Travelers wellness program is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health program provides access to free professional counseling services, health coaching and other resources to support your daily life needs.
  • Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards program that enables you to give back to the charity of your choice.

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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