At a Glance
- Tasks: Join a dynamic Cargo underwriting team and shape strategic growth in the Lloyd's market.
- Company: Travelers, a leading insurance provider with a commitment to innovation and community.
- 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 an impact in a rapidly growing field while developing your skills and career.
- Qualifications: Experience in Property and Casualty insurance; studying towards ACII qualification preferred.
The predicted salary is between 50000 - 65000 £ per year.
We have a fantastic opportunity to join Travelers as part of a rapidly growing and profitable Cargo underwriting team. This is an exciting moment to come on board with the book already expanding and ambitions to grow further in the Lloyd's and Company markets, as well as delegated authority. You’ll work closely with our Senior Cargo Underwriter, and the wider Fine Art & Specie team, to grow our lead market and niche specialty propositions. You’ll use your experience as a Cargo Underwriter or Broker to play a meaningful role in shaping the strategic direction of the book as it scales. Travelers Europe currently offers flexibility to employees who wish to work on a hybrid basis in accordance with our Hybrid Work Arrangements Policy.
What Will You Do?
- Support the overall profitability, growth and retention of the Line of Business line and consistency of all related underwriting initiatives.
- Ensure that business is written in accordance with the Company's policies, procedures and controls (including audit requirements) at all times, and adheres to Lloyds Underwriting Management Standards.
- Support the development of assigned Line of Business and services such as researching and identifying target business, competitor information, industry and economic factors across the business.
- Utilise appropriate systems to accurately enter quotes, risks and endorsements, ensuring correct management, statistical and regulatory reporting.
- May gather data and prepare reports to support the professional execution of corporate/business underwriting policies/standards.
- Monitor market factors and world affairs as part of research and development of new opportunities.
- Promote Travelers Line of Business, distribution strategy and philosophy and provide guidance on the Company's underwriting philosophy, procedures and requirements by building strong partnerships with Agents, Brokers and Customers.
- Provide guidance, mentoring and coaching to others as appropriate.
- Perform other duties as assigned.
What Will Our Ideal Candidate Have?
- Experience within the Lloyd's market, with a basic understanding of the internal and external factors which impact the market.
- Strong underwriting experience.
- Able to demonstrate emerging technical proficiency and application of knowledge commensurate to your underwriting authority.
- Able to make sound quoting and pricing decisions that are in the Company's best interests.
- Intermediate knowledge and ability in respect of judgment, decision making, communication and strong teamwork.
- Demonstrates Intermediate knowledge and experience in respect of Relationship Management.
- Demonstrates Intermediate knowledge and experience in respect of Analytical Thinking/Financial Acumen.
- Utilises understanding of finance and accounting principles to identify the impact of responsible underwriting decisions on the overall profitability of the business.
- Demonstrates Intermediate knowledge and experience in respect of Product/Technical.
- Demonstrates Intermediate knowledge and experience in respect of Business Perspective.
- Expected to be studying towards ACII qualification.
What is a Must Have?
- Previous Property and Casualty insurance experience in either an underwriting, operational or broker capacity.
- Secondary level education or equivalent.
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.
- 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.
- Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved.
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.
Cargo Underwriter employer: The Travelers Indemnity Company
Travelers is an exceptional employer, offering a dynamic work environment within a rapidly expanding Cargo underwriting team. With a strong commitment to employee well-being, we provide comprehensive benefits including private medical insurance, generous holiday entitlement, and a wellness programme that supports both personal and professional growth. Our hybrid work policy fosters flexibility, allowing employees to balance their work and home life effectively while contributing to meaningful projects in the Lloyd's market.
Contact Details:
The Travelers Indemnity Company Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Cargo Underwriter
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, and don’t be shy about reaching out to current employees at Travelers. Building relationships can open doors that a CV just can't.
✨Ace the Interview
Prepare for your interview by researching Travelers and the Cargo underwriting team. Think about how your experience aligns with their goals and be ready to discuss specific examples of your work. Confidence is key, so practice makes perfect!
✨Show Your Passion
When you get the chance to chat with potential employers, let your enthusiasm for the role shine through. Talk about why you love the Lloyd's market and how you can contribute to the growth of the Cargo underwriting team at Travelers.
✨Follow Up
After your interview, don’t forget to send a thank-you email! It’s a great way to reiterate your interest in the position and keep you fresh in their minds. Plus, it shows you’re proactive and genuinely interested in the opportunity.
We think you need these skills to ace Cargo Underwriter
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Cargo Underwriter role. Highlight your relevant experience in underwriting or broking, especially within the Lloyd's market. We want to see how your skills align with what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about this opportunity and how you can contribute to our growing Cargo underwriting team. Keep it engaging and personal – we love a bit of personality!
Showcase Your Analytical Skills:Since analytical thinking is key for this role, make sure to include examples of how you've used your analytical skills in past positions. We want to see how you identify problems and make sound decisions that benefit the business.
Apply Through Our Website:Don't forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it gives you a chance to explore more about what we do at Travelers.
How to prepare for a job interview at The Travelers Indemnity Company
✨Know Your Cargo Inside Out
Make sure you brush up on your knowledge of the cargo underwriting market, especially within Lloyd's. Familiarise yourself with current trends, key players, and any recent changes in regulations that could impact the industry. This will show your interviewers that you're not just interested in the role, but also passionate about the field.
✨Showcase Your Analytical Skills
Prepare to discuss specific examples where you've used analytical thinking in your previous roles. Think about times when you've identified problems or opportunities and how you approached them. Being able to articulate your thought process will demonstrate your suitability for making sound quoting and pricing decisions.
✨Build Relationships Like a Pro
Since relationship management is key in this role, come prepared with examples of how you've successfully built and maintained professional relationships in the past. Whether it's with agents, brokers, or clients, showing that you can foster productive partnerships will set you apart from other candidates.
✨Ask Insightful Questions
At the end of the interview, don’t shy away from asking questions. Inquire about the company's growth plans in the Lloyd's market or how they support their underwriters in professional development. This not only shows your interest in the role but also gives you valuable insights into the company culture and expectations.
