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Underwriting Professional Development Program (Updp), Business Insurance

Company

The Travelers Companies, Inc.

Address , Richardson, Tx
Employment type FULL_TIME
Salary $54,400 - $89,800 a year
Expires 2023-07-21
Posted at 11 months ago
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.
Job Category
Underwriting
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
$54,400.00 - $89,800.00
Target Openings
1
What Is the Opportunity?
Under close supervision and as a participant in a structured training program, actively learns about underwriting philosophy, business unit products and strategies, negotiation, and relationship building.
As a trainee, handles renewal business under direct supervision and moves to developing new business as skills advance.
As knowledge increases and, under direct supervision, takes on less complex underwriting of individual accounts and eventually a territory.
Seeks out opportunities to observe account analysis discussions with other underwriters and underwriting leaders.
Takes initiative for their own development.
The incumbent in this job does not manage others.
Primary Job Duties & Responsibilities
  • Understands the need to seek enterprise-wide solutions to business problems.
  • Sales:
  • Negotiation:
  • Develops planning and organization skills necessary to effectively manage desk and assume a territory.
  • Underwriting and Pricing:
  • Establishes effective relationships with customers, agents and brokers.
  • Distribution and Agency Management:
  • Other duties as assigned.
  • Executes Strategy and Drives Results:
  • Business Planning and Collaboration:
  • Under direct supervision, underwrites and assesses risk and makes recommendations for less complex accounts in a market segment.
  • Develops consultative sales and marketing skills through their interaction with agents/brokers and via coaching from their manager.
  • Leading Self:
  • Develops negotiation skills through their interaction with agents/brokers and via coaching from their manager.
  • Takes initiative for personal development and seeks to learn through underwriting, marketing, and other related opportunities.
  • Effectively collaborates with others on all aspects of job.
Minimum Qualifications
  • Bachelor degree or one year of applicable business experience required.
Education, Work Experience, & Knowledge
  • Industry/Business Knowledge
  • Demonstrates an ability, desire, and intellectual curiosity to learn the business.
  • Educational background/ coursework in Business Administration/ Management, Finance/Accounting, Economics, Mathematics/Science, Sales/Marketing/Communications preferred.
  • Entry level position.
Licensing or Certificates
  • Valid drivers license or alternate means of personal transportation.
Job Specific Technical Skills & Competencies
  • Business Perspective: Uses knowledge of internal and external factors impacting the property & casualty industry to make decisions.
  • Relationship Management: Seeks out, builds, fosters and maintains productive relationships, networks or alliances to meet goals and achieve results.
  • Understands and uses financial information, tools and expense management principles to accomplish day-to-day work and maximize profitability.
  • Analytical Thinking/Financial Acumen: Identifies current or future problems or opportunities, analyzes, synthesizes and compares information to understand issues, identifies cause/effect relationships and explores alternative solutions to support sound decision making.
Environmental / Work Schedules / Other
  • Driving (Occasionally)
  • Sitting (can stand at will) (Frequently)
  • Operates standard office equipment (Continuously)
  • Use of Keyboards, Sporadic 10-Key (Frequently)
Employment Practices
Travelers 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/
.