[Hiring] Excess and Surplus Lines Underwriter @Travelers

Role Description

As a Wholesale/E&S Commercial Lines Underwriter, you will be primarily responsible for working with appointed Travelers Retail Agents to evaluate individual commercial lines risk applications for underwriting acceptability and pricing determinations. You will also manage portfolio profitability while working with Retail Agents to provide new and renewal products based on their client needs.

• Underwriters play a key role in managing the overall risk portfolio and profitability of the Wholesaler's business through rigorous evaluation of individual risk and pricing elements of all new, renewal and endorsement business submissions.
• Evaluate new and renewal submissions from Retail Agents to determine underwriting and pricing attributes permitted within the parameters of company guidelines and industry best practices.
• Develop comprehensive understanding of state by state underwriting strategies and regulatory requirements.
• Evaluate individual submissions for completeness and request additional documentation necessary for the evaluation and processing of an application, endorsement or cancellation.
• Apply appropriate terms and conditions and document underwriting and pricing decision rationale.
• Engage with agents to close individual transactions.
• Coach and guide others as needed.
• Form a holistic view of each account and its risk and profitability prospects by marrying publicly available data sources with submitted documentation to properly evaluate risk, make pricing considerations, and apply underwriting judgment.
• Prepare premium quotations for new and renewal business risk submissions.
• Promptly address inquiries from agents, policyholder, or prospects.
• Perform other duties as assigned.

Qualifications

• 5 plus years of Commercial Line Underwriting Experience
• Insurance Industry designations

Requirements

• 2 years of Insurance, Underwriting, MGA or program business experience
• Comprehensive knowledge of Commercial Lines insurance coverage forms and their application
• Working knowledge of applicable Insurance Department regulations and policies
• Must have a valid Producer's License in home state

Benefits

• 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.