Deputy Underwriting Officer - Casualty

TN United Kingdom; Leeds; On-site; GBP 50,000 - 75,000; Full time

Job summary

An established industry player is seeking a Deputy Underwriting Officer to join their dynamic team in Leeds. This role offers the opportunity to leverage your expertise in Casualty Underwriting while collaborating with various teams to drive profitable growth. You'll be instrumental in developing underwriting strategies and ensuring adherence to standards. With a flexible hybrid work arrangement and attractive benefits, including a new joiner bonus and private medical insurance, this position is perfect for someone looking to make a significant impact in a supportive environment.

Benefits

Private Medical Insurance

Pension Plan Contribution

25+ Days Holiday

Wellness Programme

Volunteer Encouragement

Qualifications

• Solid experience in commercial underwriting and product within the property and casualty industry.
• Strong Casualty Underwriting experience is a must-have.

Responsibilities

• Support strategic underwriting direction and alternative risk transfer mechanisms.
• Mentor and coach underwriting staff to achieve production and profitability objectives.

Skills

Casualty Underwriting

Commercial Underwriting

Leadership

Communication Skills

Relationship Building

Tools

Microsoft Excel

Microsoft Word

Microsoft PowerPoint

Microsoft Teams

Job description

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Deputy Underwriting Officer - Casualty, Leeds

Client: Travelers

Location: Leeds, United Kingdom

Job Category: Other

EU work permit required: Yes

Job Reference: d1cd2e296d52

Job Views: 8

Posted: 26.04.2025

Expiry Date: 10.06.2025

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

Target Openings: 1

What Is the Opportunity?

We are looking for a Casualty Underwriting specialist to add to our Underwriting Office team as Deputy Casualty Underwriting Officer. In this role, you will use your expert knowledge of Casualty to support the lead Underwriting Officer and leadership teams across Business Insurance Retail, SME, and Specialty to monitor and contribute to the profitable growth of our Casualty and Third Party portfolios.

You will be instrumental in developing and managing the underwriting strategy for the Casualty portfolio. By collaborating with colleagues in underwriting, claims, and actuarial, you will proactively monitor the performance of your portfolio and take corrective actions when needed; including contributing to setting net risk appetite, rate, risk tolerance, volatility, accumulations, and aggregations, market indicators, and deviations from plan. You will also oversee or lead Underwriting and Portfolio reviews to maintain the appropriate business mix and achieve growth and profit goals.

Travelers Europe currently offers flexibility to employees who wish to work on a hybrid basis in accordance with our Hybrid Work Arrangements Policy. This entails full-time employees working three days a week in the office and two days at home (or pro-rata for part-time employees). This policy may be changed at the Company’s discretion.

This role is eligible for a £2,500 new joiner bonus. If you are successfully referred by an employee at Travelers Europe, both you and the person who referred you could be eligible for this bonus.

What Will You Do?

• Support the development and execution of strategic underwriting direction (both short and long term to include rate strength, appetite, business mix, and capacity deployment) and alternative risk transfer mechanisms (including reinsurance solutions) consistent with the corporate strategy to effectively position the right products, lines of business, programs, and/or services to the right market segment through responsible underwriting decisions.
• Support the setting of strategy for rate adequacy, product, and pricing within assigned portfolios to achieve maximum earnings/planned ROE.
• Support the UW Officers – in the governance and oversight of rating tools, associated infrastructure, and provision of rates.
• Support the analysis of internal and external emerging issues and trends and provide resultant underwriting direction incorporating feedback from Claim, Risk Control, and Actuarial.
• Effectively mentor and coach underwriting staff to ensure production, underwriting standards, and profitability objectives are achieved.
• Contribute to establishing, reviewing, and executing underwriting standards and controls (including Underwriting authorities) as required.
• Respond to external changes in the regulatory and legislative environment including liaison with regulatory and technical bodies.
• Oversee technical content of BI underwriting materials (e.g., TRV policy wordings; underwriting guides, policy summaries, procedures, technical resource articles, etc.) and coverage breadth within non-Travelers wordings.
• Perform other duties as assigned.

What Will Our Ideal Candidate Have?

• Solid experience in commercial underwriting and product within the property and casualty industry.
• Leadership skills with the ability to coach, develop colleagues, and align resources to accomplish key objectives.
• Strong written and verbal communication skills with the ability to influence various audiences across the enterprise.
• Strong relationship-building skills with the ability to work independently and collaboratively with internal and external partners.
• Proficiency in Microsoft Excel, Word, PowerPoint, and Teams.

What is a Must Have?

• Strong Casualty Underwriting experience.

What Is in It for You?

• Private Medical Insurance: On commencement of employment, you are eligible for single cover provided by Travelers, with the option to add cover for dependents, at your expense through payroll deduction.
• Retirement: Travelers will make a core contribution of a percentage of salary to your Pension Plan. If you contribute to the plan, your company contribution increases.
• Holiday Entitlement: Starting with a minimum of 25 days annually, with options to purchase additional days up to 35 holidays per year.
• Wellness Programme: Tools, discounts, and resources to support your wellness and mental health, including free professional counseling services.
• Volunteer Encouragement: Opportunities to give back via our Matching Gift and Volunteer Rewards programs.

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.