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

Travelers • Glendale, CA

7d • $123,400 - $203,600

About The Position

The Account Executive Officer (AEO), Construction Loss Sensitive partners with agents and brokers to provide coverage for new and renewal business based on customers’ needs. The assigned book of business includes Guaranteed Cost and Loss Sensitive accounts. This role serves as a technical resource and independently assesses complex risks while building internal and external relationships to help drive results and support the profitability and success of Travelers.

Requirements

• At least four years of experience in underwriting, claims, operations, risk assessment, actuarial, sales, product, or finance.
• Ability to travel to in-person meetings with agents and brokers.

Nice To Haves

• Bachelor’s degree.
• Six to eight years of relevant underwriting experience, including experience in construction loss sensitive.
• Deep knowledge of construction loss sensitive products, the regulatory environment, and the local insurance market.
• Strong critical thinking skills, including the ability to identify underwriting, marketing, or financial challenges and make timely decisions aligned with the company’s risk appetite.
• Excellent communication skills and the ability to negotiate successfully in difficult situations with agents and brokers.
• CPCU designation.

Responsibilities

• Manage the profitability, growth, and retention of an assigned book of business split between Guaranteed Cost and Loss Sensitive accounts.
• Underwrite and negotiate complex customer accounts to minimize risk and maximize profitability.
• Build and maintain relationships with internal partners across the business unit and enterprise to create sales plans and identify cross-selling opportunities.
• Meet in person regularly with agents and brokers to market and sell Travelers products and write and retain accounts consistent with the company’s risk appetite; travel to meetings as needed.
• Identify and capture new business opportunities using consultative marketing and sales skills.
• Independently develop and execute agency sales plans and partner frequently with the Managing Director to develop region or group sales plans.
• Assist with training and mentoring less experienced Account Executives as needed.
• Perform other duties as assigned.
• Develop and execute formal action plans for new business and effective stewardship of renewal business.

Benefits

• Health insurance coverage for eligible employees and family members from the first day of employment.
• Dollar-for-dollar 401(k) match on contributions up to the first 5% of eligible pay, subject to an annual maximum.
• Paying it Forward Savings Program contributions to an employee’s 401(k) when the employee makes student loan payments.
• Pension Plan funded 100% by Travelers.
• At least 20 days of paid time off annually.
• Nine paid company holidays.
• Wellness program with tools, discounts, and resources, including mental health services, professional counseling, and health coaching.
• Matching Gift and Volunteer Rewards program.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior