Underwriting Trainee - Private & Non-Profit

Travelers • Chantilly, VA

14d

About The Position

The Bond and Specialty Insurance division of Travelers is seeking to add a new member to our Private & Non-Profit in an Underwriting Development Program role. This is an opportunity to join a dedicated collaborative team of underwriters in a highly visible and challenging role. Our Underwriting Professional Development Program (UPDP) provides participants the opportunity to build a unique and successful career within a highly specialized niche of the insurance industry. Lawsuits, cyber-attacks, and extortion can impact a company’s financial performance and reputation. Private & Non-Profit Liability provides financial protection to directors and officers of private and non-profit companies for these exposures and many more. Products include Directors and Officers Liability, Employment Practices Liability, CyberRisk, Kidnap and Ransom, Crime, and Fiduciary Liability. Underwriters in this fast growing segment work with private companies and non-profit organizations across all industries. Our diverse customer base and product knowledge allows us to add value to our agents. Our comprehensive program consists of a blend of mentorship, classroom instruction, and on-the-job training leading to increasing responsibility and accountability. The UPDP prepares you for a career in underwriting, which is a dynamic blend of the following: Financial analysis/risk assessment: gather and analyze pertinent information in order to evaluate the acceptability of business risk Marketing: build and maintain relationships with agents, brokers, and insured clients to help achieve business goals New business development and retention: sell to, negotiate with, and influence agents and brokers to manage a profitable book of business

Requirements

• Bachelor’s degree or one year of applicable business experience.

Nice To Haves

• Applicable professional experience.
• Take the initiative on tasks with the ability to learn the industry, product line, and internal programs and platforms.
• Demonstrates effective verbal, written and listening communication skills.
• Ability to leverage analytical skills.

Responsibilities

• Gather and analyze pertinent information including financial statements in order to evaluate the acceptability of business risk.
• Build relationships with agents, brokers, and insured clients to help achieve business goals.
• Undergo extensive training in order to underwrite, market to, negotiate with, and influence agents and brokers to manage a profitable book of business.
• Begin to build and understand relationships with Travelers employees within the business unit and across the enterprise in order to begin to create sales plans.
• Ability to travel to internal meetings with team members and external meetings with agents, brokers, and clients.
• Perform other duties as assigned.

Benefits

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 5,001-10,000 employees