Account Executive Officer/Sr. Underwriter - Management Liability Financial Lines
Company: The Travelers Companies Inc.
Location: Diamond Bar
Posted on: May 3, 2024
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Job Description:
Who Are We?Taking care of our customers, our communities and
each other. Thats 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.Compensation OverviewThe 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$105,500.00 - $174,100.00Target Openings1What Is the
Opportunity?Bond & Specialty Insurance provides management and
professional liability insurance, as well as surety bonds to
businesses and non-profit organizations of all sizes. As an
underwriter, you will have a dynamic role that blends evaluating
and analyzing financial and business risk, building relationships,
and selling and negotiating with clients, agents, and brokers.This
role is part of the Private & Non-Profit Liability team which
provides financial protection private and non-profit companies.
Team members work in a fast-paced environment that analyzes complex
data related to financial performance, industry and economic
exposures, and risk management practices Coverages range from
Directors and Officers Liability, Employment Practices Liability,
Fiduciary Liability, CyberRisk, Kidnap and Ransom, Crime, and
Identity Fraud Expense Reimbursement.The Account Executive Officer
(AEO) will partner with agents and brokers to provide insurance or
surety solutions to customers. An AEO will analyze and evaluate
risk to achieve business goals within an assigned book of business.
This role is seen as a technical resource.As an AEO, you are
decisive, detail-oriented, and know how to build relationships
internally and externally and negotiate terms to drive results.
Your ability to independently assess complex risk, negotiate terms,
and sell our products in challenging markets will contribute to the
profitability and success of Travelers.What Will You Do?Manage the
profitability, growth, and retention of an assigned book of
business primarily comprised of moderately to highly complex
accounts.Underwrite and skillfully negotiate complex customer
accounts to minimize risk and maximize profitability.Execute
business unit underwriting strategies across your book of business
to achieve profit and growth objectives.Cultivate and maintain
relationships with internal partners within the business unit and
across the enterprise to identify cross-selling
opportunities.Foster and maintain relationships with external
partners by regularly meeting in person with agents and brokers to
market and sell Travelers products with a goal of writing and
retaining accounts consistent with our risk appetite. Must be able
to travel to such meetings.Identify and capture new business
opportunities using consultative marketing and sales skills.Develop
and execute individual agency sales plans that align with
region/group sales plans to drive team success.Train and mentor
less experienced underwriters.Perform other duties as assigned.What
Will Our Ideal Candidate Have?Bachelors degree.Five to eight years
of applicable underwriting experience.Deep knowledge of products,
working knowledge of the regulatory environment, and of local
insurance and surety markets.Strong critical thinking skills with
the ability to underwrite, market products, identify financial
challenges, and analyze available information to make decisions in
alignment with our risk appetite.Excellent communication skills
with the ability to successfully negotiate in difficult situations
with agents and brokers.Experience coaching and mentoring
others.What is a Must Have?Four 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 and resources that
empower you to achieve your wellness goals. In addition, our Life
Balance program provides access to professional counseling
services, life coaching and other resources to support your daily
life needs. Through Life Balance, youre eligible for five free
counseling sessions with a licensed therapist.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.Employment
PracticesTravelers is an equal opportunity employer. We believe
that we can deliver the very best products and services when our
workforce reflects the diverse customers and communities we serve.
We are committed to recruiting, retaining and developing the
diverse talent of all of our employees and fostering an inclusive
workplace, where we celebrate differences, promote belonging, and
work together to deliver extraordinary results.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.To learn more
about our comprehensive benefit programs please visit
http://careers.travelers.com/life-at-travelers/benefits/.0by
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Keywords: The Travelers Companies Inc., West Covina , Account Executive Officer/Sr. Underwriter - Management Liability Financial Lines, Executive , Diamond Bar, California
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