Underwriter, Cargo

Travelers; England; Hybrid; GBP 60,000 - 80,000; Full time

Benefits offered by this job

Private Medical Insurance

Pension Plan

25 days holiday

Wellness programme

Volunteer Rewards

Job summary

Travelers is seeking a Cargo Underwriter to manage profitability and underwriting for the Cargo line. You will process new business, renewals, and mid-term changes, while ensuring adherence to Lloyd's standards and company policies.

You will work under the Cargo Lead Underwriter, building partnerships with agents, brokers and customers and supporting data-driven decision making in a hybrid work arrangement.

Qualifications

• Experience in Lloyd's market and exploring underwriting risk factors.
• Underwriting experience with ability to assess risk and profitability.
• ACII qualification in progress or equivalent professional development.

Responsibilities

• Support profitability, growth and retention of the cargo line.
• Ensure underwriting aligns with policies, controls and Lloyd's requirements.
• Enter quotes, risks and endorsements accurately in systems for reporting.
• Monitor market factors and industry/economic trends affecting cargo businesses.
• Provide guidance and coaching within the underwriting team.

Skills

Lloyd's market experience

Underwriting experience

ACII in progress

Education

University degree

Secondary education

Job description

Who Are We?

Taking care of our customers, our communities and each other. That is 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 170 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?

With the support and direction of the Cargo Lead Underwriter, manage the profitability of the Cargo line by underwriting and processing new business, renewals and mid term adjustments, monitoring rate adequacy of all business written or handled for Cargo.
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?

• Support the overall profitability, growth and retention of the Line of Business line and consistency of all related underwriting initiatives.
• Ensures that business is written in accordance with the Company's policies, procedures and controls (including audit requirements) at all times, and adheres to Lloyds Underwriting Management Standards ensuring business is only accepted in accordance with:
• individual underwriting authority and, where relevant, with approval under the Lloyds Individual Registration Byelaw.
• the Unit's business plan for the relevant year.
• Support the development of assigned Line of Business and services such as researching and identifying target business, competitor information, industry and economic factors across the business.
• Utilise appropriate systems to accurately enter quotes, risks and endorsements, so as to ensure correct management, statistical and regulatory reporting.
• May gather data and prepare reports to support the professional execution of corporate/business underwriting policies/standards.
• Monitor market factors and world affairs as part of research and development of new opportunities.
• Promote Travelers Line of Business, distribution strategy and philosophy and provide guidance on the Company's underwriting philosophy, procedures and requirements by building strong partnerships with Agents, Brokers and Customers.
• Provide guidance, mentoring and coaching to others as appropriate.
• Perform other duties as assigned.

What Will Our Ideal Candidate Have?

• Experience within the Lloyd's market, with a basic understanding of the internal and external factors which impact the market.
• Underwriting experience.
• University Degree.
• Able to demonstrate emerging technical proficiency and application of knowledge commensurate to your underwriting authority.
• Able to make sound quoting and pricing decisions that are in the Company's best interests.
• Intermediate knowledge and ability in respect of judgment, decision making, communication and strong team work.
• Demonstrates Intermediate knowledge and experience in respect of Relationship Management: Seeks out, builds, fosters and maintains productive relationships or alliances to meet goals and achieve objectives.
• Demonstrates Intermediate knowledge and experience in respect of Analytical Thinking/Financial Acumen: Identifies current or future problems or opportunities, analyses, synthesises and compares information to understand issues, identifies cause/effect relationships, and explores alternatives to support sound decision making.
• Utilises understanding of finance and accounting principles to identify the impact of responsible underwriting decisions on the overall profitability of the business.
• Demonstrates Intermediate knowledge and experience in respect of Product/Technical: Demonstrates technical proficiency and application of knowledge commensurate to his/her underwriting authority.
• Demonstrates Intermediate knowledge and experience in respect of Business Perspective: Uses knowledge of internal and external factors that impact the Lloyd's Market to make decisions.
• Expected to be studying towards ACII qualification.

What is a Must Have?

• Previous Cargo insurance experience in either an underwriting, operational or broker capacity.
• Secondary level education or equivalent.

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 your dependents, at your expense through payroll deduction.
• Retirement: Travelers will make a core contribution of a percentage of salary to your Pension Plan. Additionally, if you decide to contribute to the plan, you will receive an increased company contribution.
• Holiday Entitlement: Start your career at Travelers with a minimum of 25 days holiday entitlement annually, plus the opportunity to purchase additional days to allow for up to a total of 35 holidays per year.
• Wellness Programme: The Travelers wellness programme is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health programme provides access to free professional counseling services and other resources that 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 programme 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.