At a Glance
- Tasks: Lead underwriting strategies and mentor teams in a collaborative environment.
- Company: Join Travelers, a top property casualty insurer with over 170 years of innovation.
- Benefits: Enjoy private medical insurance, generous holiday entitlement, and a wellness programme.
- Other info: Flexible hybrid work arrangements and opportunities for community involvement.
- Why this job: Make a real impact while developing your skills in a supportive culture.
- Qualifications: ACII qualification and advanced experience in Property & Casualty underwriting required.
The predicted salary is between 58540 - 71548 £ per year.
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.
Target Openings
What Is the Opportunity?
We are looking for a technically strong Property & Casualty specialist to join our Business Insurance Underwriting Office team as a Regional Underwriting Officer.
In this role you work with internal Underwriting teams to manage and implement underwriting standards across the UK.
You'll build strong relationships with your Underwriting teams, using your expertise to act as a technical referral point.
You'll coach and develop underwriting knowledge; supporting colleagues through training, courses, and technical guidance.
Travelers Europe currently offers flexibility to employees who wish to work on a hybrid basis in accordance with our Hybrid Work Arrangements Policy.
This entails full time employees working three days a week in the office and two days at home (or pro rata for part-time employees).
This policy may be changed at the Company's discretion.
What Will You Do?
- Implement and participate in the development of long and short term underwriting strategies to effectively position BI Retail, regionally traded products to market the right products, programs and/or services to the right market segment through responsible underwriting decisions.
- Ensure Underwriting Controls including Cures and Audit are taken and promptly acted upon.
- Participate as an advisor / referral point to achieve responsible product development to ensure it is consistent with profit, growth and retention strategies.
- Participate in the strategic business planning activities for BI Retail & Small business both regionally and nationally that are designed to increase the presence in the market; retain the appropriate mix of business; and achieve overall growth and profit goals.
- Assist with the development and leveraging of broker/client relationships through a high level of visibility.
- Work tactically with brokers to ensure they have an appropriate level of understating of BI Retail goals and objectives.
- Provide underwriting leadership at regular regional underwriting meetings as appropriate.
- Develop and ensure effective utilisation of detailed monitoring standards to assess underwriting results and propose solutions
- Analyse local market needs and trends as they impact the regions marketing initiatives and provide competitor information to product and portfolio management staff.
- In conjunction with regional and branch management effectively mentor and coach development underwriting staff to ensure production, underwriting standards and profitability objectives are achieved.
- Develop and maintain relationships with internal resources (i. e. Risk Control, Claims, Operations, etc.) to ensure effective operation of underwriting and marketing decisions.
- Undertake any other reasonable duties.
- Perform other duties as assigned.
What Will Our Ideal Candidate Have?
- Bachelor's degree or higher education level.
- Previous proven track record of leading others at a senior underwriting level.
- Advanced level of proficiency required in the following.
- Organisation, Financial Acumen, Communication, Collaboration, Presentation Skill, Networking, Risk Selection and Critical and Analytical Thinking.
- Advanced level of proficiency required in the following leadership competencies:
- Leading the Business including: Change Management, Strategic Planning, Making Decisions, Results Orientation, Influencing,
- Leadership, Power, Business Perspective, Risk Taking, Innovation and Understanding & Navigating the Organisation.
- Leading Others including: Forging Synergy, Develops Employees, Building Collaborative Relationships, Communicating Effectively, Leveraging Differences, Participative Management and Leading Employees.
- Leading Self including: Openness to Influence, Flexibility, Demonstrates Leadership Stature, Self-Awareness, Credibility and Seeks Opportunities to Learn.
- ACII qualification.
What is a Must Have?
- ACII.
- Advanced experience of Property & Casualty Underwriting.
What Is in It for You?
- Private
- Medical
Insurance: On commencement of employment, you are eligible for single cover provided by Travelers, with the option to add cover for your dependents, at your expense through payroll deduction.
- Retirement: Travelers will make a core contribution of a percentage of salary to your Pension Plan.
Additionally, if you decide to contribute to the plan, you will receive an increased company contribution.
- Holiday
Entitlement: Start your career at Travelers with a minimum of 25 days holiday entitlement annually, plus the opportunity to purchase additional days to allow for up to a total of 35 holidays per year.
- Wellness
Programme: The Travelers wellness programme is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs.
In addition, our mental health programme provides access to free professional counseling services and other resources that 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 programme 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.
If you are a candidate and have specific questions regarding the physical requirements of this role, 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/.
Regional Underwriting Officer in London employer: Symphony Talent, LLC
Travelers Europe is an exceptional employer that fosters a culture of innovation and collaboration, making it a prime choice for professionals seeking meaningful work in the insurance industry. With a strong commitment to employee well-being, we offer flexible hybrid working arrangements, generous holiday entitlement, and comprehensive wellness programmes, ensuring our team members thrive both personally and professionally. Join us to be part of a transformative journey where your technical leadership will shape the future of technology in insurance while contributing to the communities we serve.
StudySmarter Expert Advice🤫
We think this is how you could land Regional Underwriting Officer in London
✨Dive Into Industry Networking Events
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We think you need these skills to ace Regional Underwriting Officer in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Symphony Talent, LLC.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Symphony Talent, LLC. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Symphony Talent, LLC
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Symphony Talent, LLC to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Symphony Talent, LLC, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Symphony Talent, LLC's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
