Senior Inland Marine Underwriter
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$103,300.00 - $170,400.00Target Openings1What Is the
Opportunity?Inland Marine provides protection for business
properties that are mobile in nature or require unique valuation.
Coverages extend to properties that are owned or in a business's
care related to construction, transportation, fine art, and
renewable energy. The Account Executive Officer (AEO), Inland
Marine will partner with agents and brokers to provide coverage for
new and renewal business based on customers' needs. 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 to drive results. Your ability to independently assess
complex risk 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.Underwrite and skillfully negotiate
complex customer accounts to minimize risk and maximize
profitability.Cultivate and maintain relationships with internal
partners within the business unit and across the enterprise to
create sales plans and 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.Independently develop and
execute agency sales plans and frequently partner with your
Managing Director (MD) to develop region/group sales plans.May
assist in the training and mentoring of less experienced Account
Executives.Perform other duties as assigned.Perform other duties as
assigned.What Will Our Ideal Candidate Have?Bachelor's degree.Six
to eight years of relevant underwriting experience with experience
in inland marine.Deep knowledge of inland marine products, the
regulatory environment, and the local insurance market.Strong
critical thinking skills with the ability to proactively identify
underwriting, marketing, or financial challenges and analyze
available information to make timely decisions in alignment with
our risk appetite.Excellent communication skills with the ability
to successfully negotiate in difficult situations with agents and
brokers.CPCU designation.What is a Must Have?Four years of
underwriting 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
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Keywords: The Travelers Companies, Inc., New York , Senior Inland Marine Underwriter, Other , New York, New York
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