Regional Underwriting Officer in Manchester

Regional Underwriting Officer in Manchester

Manchester Full-Time 60000 - 70089 £ / year (est.) Home office (partial)
The Travelers Indemnity Company

At a Glance

  • Tasks: Lead underwriting strategies and mentor teams to ensure effective market positioning.
  • 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 available for a better work-life balance.
  • Why this job: Make a real impact in a collaborative environment while developing your leadership skills.
  • Qualifications: ACII qualification and advanced experience in Property & Casualty underwriting required.

The predicted salary is between 60000 - 70089 £ 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.

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 understanding 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. 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 Manchester employer: The Travelers Indemnity Company

Travelers is an exceptional employer that prioritises the well-being of its employees through a supportive work culture and comprehensive benefits. With a strong commitment to innovation and collaboration, employees enjoy flexible hybrid working arrangements, generous holiday entitlement, and opportunities for professional growth, all while contributing to meaningful community initiatives. Join us in a role that not only offers competitive compensation but also fosters personal and professional development in a dynamic environment.

The Travelers Indemnity Company

Contact Details:

The Travelers Indemnity Company Recruitment Team

StudySmarter Expert Advice🤫

We think this is how you could land Regional Underwriting Officer in Manchester

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We think you need these skills to ace Regional Underwriting Officer in Manchester

Communication Skills
Problem-Solving Skills
Adaptability
Organizational Skills
Compassion
Flexibility
Teamwork

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.

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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 The Travelers Indemnity Company.

Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at The Travelers Indemnity Company. 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 The Travelers Indemnity Company

Know Your Numbers: Insurance Fundamentals

Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at The Travelers Indemnity Company to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.

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As a full-timer at The Travelers Indemnity Company, 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 The Travelers Indemnity Company'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.