Account Executive/Underwriter Commercial Accounts

The Travelers Indemnity Company; Rancho Cordova (CA); On-site; USD 89,800 - 148,300; Full time

Benefits offered by this job

Health Insurance

401(k) Matching

Minimum of 20 days Paid Time Off

Wellness Program

Volunteer Rewards program

Job summary

The Travelers Indemnity Company in Rancho Cordova, California is looking for an Underwriter to manage the profitability and retention of a book of business. You will underwrite and negotiate customer accounts while building relationships with internal partners and external agents.

The ideal candidate should have a Bachelor's degree, at least two years of underwriting experience, and strong critical thinking skills. Benefits include comprehensive health insurance, 401(k) matching, and generous paid time off.

Qualifications

• 3-5 years of relevant underwriting experience.
• Knowledge of the local insurance market and regulatory environment.
• Ability to analyze information for timely decisions.

Responsibilities

• Manage profitability, growth, and retention of a book of business.
• Underwrite and negotiate accounts to minimize risk and maximize profitability.
• Develop and execute agency sales plans and identify new business opportunities.

Skills

Underwriting experience

Commercial lines knowledge

Communication and negotiation skills

Critical thinking

Education

Bachelor's degree

CPCU designation

Job description

Salary Range

$89,800.00 - $148,300.00

What Will You Do?

• Manage the profitability, growth, and retention of an assigned book of business.
• Underwrite and skillfully negotiate customer accounts to minimize risk and maximize profitability.
• Cultivate and maintain relationships with internal partners within the business unit and across the enterprise to create sales plans and identify cross-selling opportunities.
• Foster and maintain relationships with external partners by regularly meeting in person with agents and brokers to market and sell Travelers products with a goal of writing and retaining accounts consistent with our risk appetite. Must be able to travel to such meetings.
• Identify and capture new business opportunities using consultative marketing and sales skills.
• Develop and execute agency sales plans. Execute region/group sales plans.
• Perform other duties as assigned.

What Will Our Ideal Candidate Have?

• Bachelor’s degree.
• Three to five years of relevant underwriting experience with experience in commercial lines.
• Knowledge of commercial lines products, the regulatory environment, and the local insurance market.
• Strong critical thinking skills with the ability to proactively identify underwriting, marketing, or financial challenges and analyze available information to make timely decisions in alignment with our risk appetite.
• Communication skills with the ability to successfully negotiate with agents and brokers.
• CPCU designation.

What is a Must Have?

• Two years of underwriting, claim, operations, risk assessment, actuarial, sales, product, or finance experience.

What Is in It for You?

• Health Insurance: Employees and their eligible family members – including spouses, domestic partners, and children – are eligible for coverage from the first day of employment.
• Retirement: Travelers matches your 401(k) contributions dollar-for-dollar up to your first 5% of eligible pay, subject to an annual maximum. If you have student loan debt, you can enroll in the Paying it Forward Savings Program. When you make a payment toward your student loan, Travelers will make an annual contribution into your 401(k) account. You are also eligible for a Pension Plan that is 100% funded by Travelers.
• Paid Time Off: Start your career at Travelers with a minimum of 20 days Paid Time Off annually, plus nine 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.

In accordance with local law, candidates seeking employment in Colorado are not required to disclose dates of attendance at or graduation from educational institutions.

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