The Travelers Companies, Inc

Underwriting Director - Construction Surety

The Travelers Companies, Inc • $146K — $241K *
Federal Way, WA 98023Hybrid
Finance & Insurance
8 - 10 years of experience
1 week ago
Job Overview by Ladders

Qualifications

  • Bachelor's degree required.
  • Eight or more years of underwriting experience in the construction surety sector.
  • Expert knowledge of risk appetite, risk selection, and Construction Surety products.
  • Skilled in analyzing complex information for informed underwriting decisions.
  • Ability to handle multiple projects efficiently while maintaining accuracy.
  • Strong communication and interpersonal skills to influence outcomes.
  • Relevant industry certification(s) favored.

Responsibilities

  • Develop and execute underwriting strategies for profitable growth in partnership with the Field organization.
  • Drive retention and growth of a complex book of business through thorough risk and financial analysis.
  • Build relationships with Field partners and clients to enhance business results and develop value propositions.
  • Lead risk over-authority reviews and evaluate underwriting integrity for risk mitigation.
  • Coach underwriters and enhance their capabilities to improve operational efficiency.
  • Monitor trends and collaborate with leadership to respond to underwriting findings.
  • Serve as a subject matter expert and contribute to cross-functional projects.

Benefits

  • Health insurance coverage from day one for employees and eligible family members.
  • 401(k) matching contributions up to 5% of eligible pay, with additional benefits for student loan payments.
  • Minimum of 20 days of Paid Time Off annually plus nine paid holidays.
  • Wellness program offering discounts, resources, and mental health support services.
  • Encouragement of community involvement through matching gifts and volunteer rewards programs.
Full Job Description
Job Category

Underwriting

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
$146,400.00 - $241,600.00

Target Openings

1

What Is the Opportunity?

Travelers is seeking a collaborative and analytical individual with underwriting expertise to join the Construction Surety Home Office Underwriting team. This dynamic group is responsible for partnering with our underwriting Field organization to evaluate and manage complex risks, ensure compliance with company policies and underwriting guidelines, and support business strategies through detailed financial and contractual analysis.

The Construction Surety team works with the Field organization to underwrite large surety programs and bonds, providing value to contractors while building and sustaining strong relationships with both contractors and producers.

As an Underwriting Director, Construction Surety, you possess expert underwriting knowledge and will independently partner with the Field and Home Office organizations to drive and influence the execution of business unit strategy.

By leveraging your expertise to educate underwriters, lead over-authority reviews, and drive the successful execution of underwriting strategies, you will influence the overall profitability, growth, and retention of business for assigned regions.What Will You Do?
  • Execute and help develop underwriting strategies and practices in support of profitable growth objectives in partnership with the Construction Surety Field organization.
  • Drive the profitable growth and retention of a book of business of increasing complexity through meticulous risk/financial analysis, contract reviews, collaboration with strategic support units, and sound decision making.
  • Meet with Field partners, key distributors, and customers/insureds to foster relationships and engage in meaningful dialogue, both in person and virtually, to influence successful business outcomes. Develop value propositions for clients/agents.
  • Lead collaborative underwriting execution and risk mitigation through individual risk over-authority reviews as well as through the evaluation of underwriting integrity.
  • Identify and strengthen key underwriting capabilities through coaching and/or trainings while educating underwriters nationwide on strategy to enhance efficiency and effectiveness.
  • Monitor trends, emerging issues, and regional underwriting results for the Construction Surety book of business and partner with underwriting leadership to address findings.
  • Lead and collaborate with cross-functional teams to contribute to and drive progress in key projects and assignments. Serve as a Construction Surety subject matter expert with other business units and enterprise partners, as appropriate.
  • Perform other duties as assigned.
What Will Our Ideal Candidate Have?
  • Bachelor's degree.
  • Eight or more years of underwriting experience with the construction surety sector.
  • Expert knowledge of risk appetite and risk selection, Construction Surety products, and industry trends.
  • Expertise in analyzing and synthesizing complex information to make well-informed underwriting decisions.
  • Ability to manage multiple complex priorities and projects simultaneously while maintaining high levels of accuracy and efficiency.
  • Strong interpersonal and communication skills with the ability to influence others.
  • Relevant industry designation(s) or certification(s).
  • Ability to travel up to 40% of the time.


What is a Must Have?
  • Six years of underwriting, product knowledge, financial analysis, or risk assessment experience.


What Is in It for You?
  • Health Insurance: Employees and their eligible family members - including spouses, domestic partners, and children - are eligible for coverage from the first day of employment.
  • Retirement: Travelers matches your 401(k) contributions dollar-for-dollar up to your first 5% of eligible pay, subject to an annual maximum. If you have student loan debt, you can enroll in the Paying it Forward Savings Program. When you make a payment toward your student loan, Travelers will make an annual contribution into your 401(k) account. You are also eligible for a Pension Plan that is 100% funded by Travelers.
  • Paid Time Off: Start your career at Travelers with a minimum of 20 days Paid Time Off annually, plus nine 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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