Underwriting Associate - Vancouver, Canada - The Travelers Companies, Inc.

The Travelers Companies, Inc.
The Travelers Companies, Inc.
Verified Company
Vancouver, Canada

1 week ago

Sophia Lee

Posted by:

Sophia Lee

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Description

  • Who Are We?
  • Solid reputation, passionate people and endless opportunities. That's Travelers. Our superior financial strength and consistent record of strong operating returns mean security for our customers and opportunities for our employees. You will find Travelers to be full of energy and a workplace in which you truly can make a difference.
  • Job Category
Underwriting

  • Target Openings
1

  • What Is the Opportunity?
  • Under close supervision and with support and training from an underwriting team, actively learns about underwriting philosophy, business unit products and strategies, negotiation, and relationship building. As an Analyst in this entrylevel position, handles renewal business under direct supervision and moves to developing new business as skills advance. As knowledge increases and, under direct supervision, takes on less complex underwriting of individual accounts. Seeks out opportunities to observe account analysis discussions with other underwriters and underwriting leaders. Takes initiative for their own development. The incumbent in this job does not manage others.
What Will You Do?

  • Submission logging and clearing
  • Underwriting and Pricing:
  • Under direct supervision, underwrites and assesses risk and makes recommendations for less complex accounts.
  • Adheres to [system] underwriting rules while managing the intake and underwriting of less complex new business accounts.
  • Distribution and Broker Management:
  • Establishes effective relationships with internal customers, including members of the underwriting teams.
  • Under supervision, works closely with broker partners to implement requested changes to policies.
  • Adheres to underwriting guidelines and authority grants.
  • Sales:
  • Develops consultative sales and marketing skills through their interaction with brokers and via coaching from their manager and peers.
  • Negotiation:
  • Develops negotiation skills through their interaction with brokers and via coaching from their manager and peers.
  • Executes Strategy and Drives Results:
  • Develops planning and organization skills necessary to effectively manage desk.
  • Business Planning and Collaboration:
  • Effectively collaborates with others on all aspects of job.
  • Understands the need to seek enterprisewide solutions to business problems.
  • Leading Self:
  • Takes initiative for personal development and seeks to learn through underwriting, marketing, and other related opportunities, and may include taking the Insurance Institute course
  • Perform other duties as assigned.
  • Educational background/coursework in Business Administration/Management, Finance/Accounting, Economics, Mathematics/Science, Sales/Marketing/Communications.
  • Industry/Business Knowledge:
  • Demonstrates an ability, desire, and intellectual curiosity to learn the business.
  • Business Perspective: Uses knowledge of internal and external factors impacting the property & casualty industry to make decisions.
  • Analytical Thinking/

Financial Acumen:

Identifies current or future problems or opportunities, analyzes, synthesizes and compares information to understand issues, identifies cause/effect relationships and explores alternative solutions to support sound decision making.

Understands and uses financial information, tools and expense management principles to accomplish day-to-day work and maximize profitability.

  • Experience with Guidewire Policy Center software
  • Relationship Management: Seeks out, builds, fosters and maintains productive relationships, networks or alliances to meet goals and achieve results.
  • Communicates and

Effectively Influences Others:
Strong interpersonal, verbal and written communication skills.

  • Good Organization and

Time Management Skills:
Ability to manage multiple tasks; prioritize and work effectively in a fast paced, decision-oriented environment.

  • Computer Skills: Strong automation skills, including Word, Excel, Outlook, etc.
What is a Must Have?

  • College diploma, University degree or one year of applicable business experience.
What Is in It for You?

  • Health Insurance: Employees and their eligible family members including spouses, partners, and children are eligible for coverage from the first day of employment.
  • Retirement: Travelers provides a core contribution of 3% of your total eligible earnings to your Deferred Profit Sharing Plan ("DPSP"). Travelers also matches your savings plan contribution dollarfordollar up to 5% of base pay.
  • Paid Time Off: Start your career at Travelers with a minimum of 20 days Paid Time Off ("PTO") annually, plus the opportunity to purchase additional days to allow for up to a total of 36 PTO days per year. You will also receive twelve paid company Holidays.
  • Wellness Program: The Travelers wellness program is comprised of tools and resources that empower you to achieve your wellness goals. In addition, our Life Balance program provides access to professional counseling services and other resources to support you
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