Senior Technical Underwriter / Manager - Property

Travelers; Birmingham; Hybrid; GBP 100,000 - 125,000; Full time

Job summary

A leading property casualty insurer in Birmingham seeks a Technical Underwriting Manager to develop underwriting strategies for retail and specialty lines. The ideal candidate has extensive property underwriting experience and strong analytical skills. This role includes hybrid work arrangements, offering a balance of in-office and remote work, alongside a range of competitive benefits.

Benefits

Private Medical Insurance

Retirement contributions

Minimum of 25 days holiday

Wellness Programme

Volunteer opportunities

Qualifications

• Experience in underwriting Property classes of business, in either the Company or London market is a must.
• Experience developing new business opportunities.
• Exceptional organizational and time management skills.

Responsibilities

• Establish and monitor underwriting strategies reflecting market conditions.
• Assist in developing and analyzing portfolios using multiple data sources.
• Identify trends by monitoring key performance metrics.

Skills

Advanced technical underwriting knowledge

Proven experience in Underwriting

Strong quantitative reasoning and critical thinking skills

Good knowledge of the local insurance marketplace

Education

Degree education & ACII preferred

Tools

Microsoft Office

Advanced Excel

PowerPoint

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

What Is the Opportunity?

Are you a highly technical 1st Party or Property Underwriter looking to develop your career into a more strategic role? We are hiring a Technical Underwriting Manager to support our Retail and Speciality (Lloyd’s) lines of business, by developing tailored Underwriting Guides to empower our teams to thrive and grow. You will work closely with the Property Underwriting Officers and build excellent internal relationships with our Senior Underwriters to support the establishment and monitoring of long- and short-term underwriting strategies to effectively achieve profit and growth objectives.

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.

What Will You Do?

• Contribute to establishing and monitoring underwriting strategies reflecting market conditions and global BI appetite.
• Assist UW Officers in developing and analyzing portfolios using MI / BI data and insights from multiple sources—Portfolio Management, Business Intelligence, Actuarial, Catastrophe Modelling, Rating, Claims, Production, and other performance data.
• Identify trends by monitoring key performance metrics (e.g., portfolio mix, drivers of underwriting performance, claims performance by cause, geography, segment, distribution channel, rate targets, etc.).
• Support analysis to explain portfolio changes and inform strategy for rate adequacy and pricing, including preparation of data and narratives for treaty reinsurance and regulatory returns (e.g., MID, Lloyd’s SBF Narrative, Pool Re).
• Collaborate with Product Development, AVPs, and Portfolio & Product Managers to develop underwriting guidance and best practices, ensuring guidelines are current and fit for purpose.
• Monitor legal, regulatory, and industry developments, making recommendations for underwriting strategy adjustments.
• Oversee and engage in the approval, sign-off, and development of policy wordings and product underwriting guidance, including product appetite.
• Assist in establishing underwriting and pricing guidelines, maintaining an up-to-date repository of technical underwriting guidance.
• Participate in and prepare reports for Collaborative Underwriting Reviews (CUREs) and Portfolio Reviews, and contribute to peer reviews and underwriter level reviews.
• Assist in reviewing training needs and delivering training to Underwriters.
• Perform other duties as assigned.

What Will Our Ideal Candidate Have?

• Degree education & ACII preferred.
• Proven experience in Underwriting, including developing new business opportunities.
• Good knowledge of the local insurance marketplace.
• Thorough knowledge of organizational and regulatory rules, policies, and procedures, effectively employed in daily work.
• Advanced technical underwriting knowledge and ability.
• Proven track record in Property Underwriting with advanced technical expertise in Property Insurance.
• Exceptional organizational and time management skills.
• Strong quantitative reasoning and critical thinking skills.
• Ability to translate vision and strategy into action plans; capable of leading projects and working groups.
• Self-directed and responsible for decisions and actions.
• Intermediate knowledge of Microsoft Office, including advanced Excel and PowerPoint skills.

What is a Must Have?

• Previous experience in underwriting Property classes of business, in either the Company or London market.

What Is in It for You?

• Private Medical Insurance: Eligible for single coverage upon employment, with options to add dependents at your expense via payroll deduction.
• Retirement: Travelers will contribute a percentage of salary to your Pension Plan, with additional company contributions if you contribute yourself.
• Holiday Entitlement: Starting at a minimum of 25 days annually, with options to purchase additional days, up to 35 days total.
• Wellness Programme: Tools, discounts, and resources to support your wellness and caregiving needs, including free professional counseling services.
• Volunteer Encouragement: Opportunities to give back through 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 and recognize the benefits of diversity.

If you have questions regarding the physical requirements of this role, please contact us for assistance.

Travelers reserves the right to fill this position at a level above or below the level indicated in this posting.

To learn more about our benefits, please visit our website.