Associate Underwriter - 12 month FTC

The Travelers Indemnity Company; Dublin; Hybrid; EUR 50,000 - 65,000; Full time

Job summary

Travelers in Dublin seeks an Associate Underwriter on a 12-month fixed-term contract. You will manage new business and renewals from submission through to bind, while building broker relationships to deliver the right insurance solutions.

A background in insurance underwriting, attention to detail, decisive decision-making and strong communication are required. The role supports a hybrid working arrangement with three days in the office and two at home.

Qualifications

• Experience in underwriting with ability to assess risk and make decisions.
• Knowledge of insurance products, regulatory environment and local market.
• Strong communication and negotiation with brokers and agents.

Responsibilities

• Manage profitability, growth, and retention of an assigned portfolio.
• Underwrite and negotiate routine risks to minimise risk and maximise profitability, including MTAs.
• Develop portfolio management with KPIs and seek new business and retention.
• Collaborate with Manager/Team to address identified risk characteristics.
• Identify opportunities to write additional lines of business based on product knowledge.
• Utilise technology platforms to quote and bind risk efficiently.
• Maintain relationships with internal partners to identify cross-selling opportunities.
• Foster relationships with brokers via phone, email or other channels and travel as needed.
• Execute submission, quotes and renewals with guidance from manager and sales team.
• Perform other duties as assigned.

Skills

Underwriting

Risk assessment

Broker liaison

Communication

Education

Leaving Certificate

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 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.

Target Openings

What Is the Opportunity?

Business Insurance helps companies in the UK and Ireland identify, prepare for and mitigate risks by offering a broad array of industry-specific, combined property and casualty insurance solutions to customers. This includes SME solutions traded directly, Commercial Accounts traded via brokers, and Corporate Solutions to FTSE 350 Risk Managed companies.

We have an exciting opportunity for an Associate Underwriter to join our team in Dublin on a 12-month fixed-term contract. You'll be responsible for managing new business and renewals from submission through to bind, while building and maintaining relationships with brokers to deliver the right insurance solutions for customers. We're looking for someone with a background in any insurance underwriting who is detail-oriented, a confident decision-maker, and a strong communicator.

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?

• With support, manage the profitability, growth, and retention of an assigned portfolio comprised of routine accounts across most of our products.




• With support, underwrite and negotiate routine risks to minimise risk and maximise profitability, including Mid Term Adjustments (MTAs).




• Develop your portfolio management, ensuring key performance indicators are consistently achieved and you actively target new business and retention.




• Take corrective action in collaboration with your Manager / Team based on identified risk characteristics.




• Identify and capture opportunities to write additional lines of business using knowledge of products, risk characteristics and appetite.




• Proactively utilise various technology platforms to quote and bind risk efficiently.




• Cultivate and maintain relationships with internal partners within the business unit and across the enterprise to identify cross-selling opportunities.




• Foster and maintain relationships with brokers by phone, email or other communication channels to market and sell Travelers products to write and retain accounts consistent with our risk appetite. Must be able to travel to meetings.




• Execute submission, quotes and renewals with guidance from your manager and working in partnership with the sales team.




• Perform other duties as assigned.

What Will Our Ideal Candidate Have?

• Leaving Certificate or similar qualification.


• Knowledge: Some knowledge of products, the regulatory environment, and the local insurance market.


• Analytical/Critical thinking: Critical thinking skills with the ability to underwrite, market products, identify financial challenges, and analyse available information to make decisions in alignment with our risk appetite.


• Communication/Influence: Communication skills with the ability to negotiate with agents and brokers.


• Inclusion: Ability to work with people from different backgrounds, experiences, cultures, races, etc. and views those differences as assets to be leveraged to accomplish business goals and objectives.


• Industry / Competitor Analysis: Review competitor press releases, and industry trade press for helpful insights.


• Project Management: Participate in projects that involves the implementation of non-complex, routine business and regulatory changes relating to the enhancement, maintenance or introduction of new products.

What is a Must Have?

• Some prior related insurance experience.

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.

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/.