Senior Underwriter / Account Executive Officer, Construction Guaranteed Cost and Loss Sensitive

Travelers Companies, Inc.; Glendale (CA); On-site; USD 123,000 - 204,000; Full time

Benefits offered by this job

Health Insurance

401(k) matching

Pension Plan

Paid Time Off

Wellness Program

Volunteer Encouragement

Job summary

Travelers Companies, Inc. is seeking an Account Executive Officer, Construction Loss Sensitive to partner with agents and brokers. The role involves handling a book of Guaranteed Cost and Loss Sensitive accounts, underwriting complex client risks, and driving profitability.

You will build internal and external relationships to market Travelers products, with travel to meetings required. The position emphasizes decisive, detail-oriented risk assessment and strong sales leadership.

Qualifications

• Bachelor's degree required; CPCU designation preferred.
• Six to eight years of underwriting experience in construction loss sensitive.
• Strong communication and negotiation skills with agents and brokers.

Responsibilities

• Manage profitability, growth, and retention of an assigned book of business (Guaranteed Cost and Loss Sensitive).
• Underwrite and negotiate complex accounts to minimize risk and maximize profitability.
• Cultivate relationships with internal partners to create sales plans and identify cross-selling opportunities.
• Foster relationships with external agents/brokers; travel for meetings to market Travelers products.
• Identify and capture new business opportunities using consultative marketing and sales skills.
• Develop agency sales plans with the Managing Director to create region/group sales plans.
• Mentor less experienced Account Executives and perform other duties as assigned.
• Develops and executes formal action plans for new business and renewal stewardship.

Skills

Underwriting experience

Construction loss sensitive knowledge

Communication skills

Negotiation

Education

Bachelor's degree

CPCU designation

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.

Compensation Overview

The annual base salary range provided for this position is a nationwide market range and represents a broad range of salaries for this role across the country. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. As part of our comprehensive compensation and benefits program, employees are also eligible for performance-based cash incentive awards.

Salary Range

$123,400.00 - $203,600.00

Target Openings

1

What Is the Opportunity?

The Account Executive Officer (AEO), Construction Loss Sensitive will partner with agents and brokers to provide coverage for new and renewal business based on customers' needs. The book of business will consist of Guaranteed Cost and Loss Sensitive accounts. This role is seen as a technical resource. As an AEO, you are decisive, detail-oriented, and know how to build relationships internally and externally to drive results. Your ability to independently assess complex risk and sell our products in challenging markets will contribute to the profitability and success of Travelers.

What Will You Do?

• Manage the profitability, growth, and retention of an assigned book of business. Split between Guaranteed Cost and Loss Sensitive.
• Underwrite and skillfully negotiate complex 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.
• Independently develop and execute agency sales plans and frequently partner with your Managing Director (MD) to develop region/group sales plans.
• May assist in the training and mentoring of less experienced Account Executives.
• Perform other duties as assigned.
• Develops and executes formal action plans for new business and effective stewardship of renewal business.

What Will Our Ideal Candidate Have?

• Bachelor's degree.
• Six to eight years of relevant underwriting experience with experience in construction loss sensitive.
• Deep knowledge of construction loss sensitive 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.
• Excellent communication skills with the ability to successfully negotiate in difficult situations with agents and brokers.
• CPCU designation.

What is a Must Have?

• Four 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.

Please send us an email so we may assist you.

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/.