Financial Analyst - Commercial Surety

The Travelers Indemnity Company; Vancouver; On-site; CAD 55,000 - 75,000; Full time

Job summary

A leading company in the insurance sector is seeking an Associate Account Executive for their Bond & Specialty Insurance group in Vancouver. This role involves underwriting and managing client accounts while fostering relationships with brokers to drive business growth. The candidate should possess a finance-related degree and relevant experience, aiming to enhance travelers’ profitability through effective relationship management.

Benefits

Health Insurance from day one

Retirement Plan with company contributions

Minimum 20 Paid Time Off days annually

Wellness Program with access to counseling

Volunteer Encouragement programs

Qualifications

• 1-3 years experience in finance or relevant underwriting.
• Associateship of Canadian Surety Bonding designation.
• Understanding of management and professional liability products.

Responsibilities

• Underwrite and negotiate customer accounts effectively.
• Develop and maintain relationships with brokers.
• Execute sales plans to meet retention and new business targets.

Skills

Critical thinking

Financial acumen

Relationship management

Education

Bachelor’s degree in finance-related discipline

Job description

Who Are We?

Solid reputation, passionate people and endless opportunities. That’s Travelers. Our superior financial strength and consistent record of strong operating returns mean security for our customers – and opportunities for our employees. You will find Travelers to be full of energy and a workplace in which you truly can make a difference.

Target Openings

1

What Is the Opportunity?

The Bond & Specialty Insurance (B&SI) group at Travelers provides a broad array of competitive management liability, professional liability and surety products and coverages to businesses of all sizes. This Associate Account Executive (AAE), Bond & SI role will partner with brokers to provide Commercial Surety, coverage for new and renewal business based on customers' needs. As an AAE, you are decisive, detail-oriented, and are learning how to build relationships internally and externally to drive results. You are developing the ability to assess risk and promote our products, which will contribute to the profitability and success of Travelers.

What Will You Do?

• Responsible for the profitability, growth, and retention of an assigned book of business through knowledge and understanding of Travelers risk appetite to make appropriate decisions within own underwriting authority.
• Underwrite and negotiate customer accounts to minimize risk and maximize profitability.
• Develop and maintain relationships with internal partners within the business unit and across the enterprise to create sales plans and identify cross-selling opportunities.
• Develop relationships with external partners by regularly meeting with brokers to market and promote Travelers products with a goal of writing and retaining accounts consistent with our risk appetite.
• Identify and capture new business opportunities using consultative marketing and sales skills.
• Execute sales plans to ensure retention and new business targets are met.
• Perform other duties as assigned.

What Will Our Ideal Candidate Have?

• Bachelor’s degree in a finance-related discipline
• One to three years of finance-related experience or management liability, professional liability and/or surety underwriting experience
• Knowledge of management liability, professional liability and/or surety products, the regulatory environment, and the local insurance market
• Relevant experience interacting with brokers
• Associateship of Canadian Surety Bonding designation
• Financial acumen, including the ability to understand financial statements and client’s loss history
• Critical thinking skills with the ability to identify routine underwriting, marketing or financial challenges and analyze available information to make decisions in alignment with our risk appetite

What is a Must Have?

• One year of finance-related experience or relevant insurance or underwriting experience
• Valid driver’s license or alternative means of transportation
• Travel 10-25% of time

What Is in It for You?

• Health Insurance:Employees and their eligible family members – including spouses, partners, and children – are eligible for coverage from the first day of employment.
• Retirement:Travelers provides a core contribution of 3% of your total eligible earnings to your Deferred Profit Sharing Plan (“DPSP”). Travelers also matches your savings plan contribution dollar-for-dollar up to 5% of base pay.
• Paid Time Off:Start your career at Travelers with a minimum of 20 days Paid Time Off (“PTO”) annually, plus the opportunity to purchase additional days to allow for up to a total of 36 PTO days per year. You will also receive twelve 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.

We are committed to providing accommodation to persons with disabilities. If you require accommodation during the recruitment or interview process we will work with you to accommodate your needs.

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/.