Associate Account Executive / Underwriter - Private & Non-Profit
Company: The Travelers Companies, Inc.
Location: New York
Posted on: January 27, 2023
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Job Description:
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 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$64,700.00 - $106,800.00Target 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 Associate Account
Executive (AAE) will build relationships with agents and brokers to
provide insurance or surety solutions to customers. An AAE will
analyze and evaluate risk to achieve business goals within an
assigned book of business. As an AAE, you are decisive,
detail-oriented, and are learning to build relationships internally
and externally to drive results. As you develop the ability to
assess risk and sell our products, you will contribute to the
profitability and success of Travelers.Travelers offers a hybrid
work location model that is designed to support flexibility.What
Will You Do?Manage the profitability, growth, and retention of a
typically smaller assigned book of business.Underwrite and
negotiate routine customer accounts to minimize risk and maximize
profitability.Partner with leadership, 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.Execute agency, region, and
group sales plans with guidance from management.Perform other
duties as assigned.What Will Our Ideal Candidate Have?Applicable
professional experience.Bachelor's degree.One to three years of
applicable underwriting experience.Working knowledge of products,
the regulatory environment, and local market conditions.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.Communication
skills with the ability to negotiate with agents and brokers.What
is a Must Have?One year of related professional 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,
you're 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 value the
unique abilities and talents each individual brings to our
organization and recognize that we benefit in numerous ways from
our differences.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 0
Keywords: The Travelers Companies, Inc., New York , Associate Account Executive / Underwriter - Private & Non-Profit, Other , New York, New York
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