About this Underwriter-IM role at Travelers
Who Are We?
Taking care of our customers, our communities and each other. That’s 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 170 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.
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 are also eligible for performance-based cash incentive awards.
Salary Range
$67,000.00 - $110,600.00Target Openings
What Is the Opportunity?
What Will You Do?
- 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.
What Will Our Ideal Candidate Have?
- 5 plus years of Commercial Line Underwriting Experience
- Insurance Industry designations are.
What is a Must Have?
- 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
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.
Employment Practices
Travelers is an equal opportunity employer. We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences.
In accordance with local law, candidates seeking employment in Colorado are not required to disclose dates of attendance at or graduation from educational institutions.
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/.
