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- Tasks: Lead a team in underwriting for the tech industry, ensuring profitability and growth.
- Company: Join Travelers, a top property casualty insurer with over 160 years of innovation.
- Benefits: Enjoy private medical insurance, generous holiday entitlement, and a wellness programme.
- Why this job: Make a real impact in the tech sector while developing your leadership skills.
- Qualifications: A Levels or similar, with advanced underwriting experience in technology.
- Other info: Flexible hybrid work options and a commitment to community involvement.
The predicted salary is between 36000 - 60000 £ per year.
Overview
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 160 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?
Business Insurance helps companies in the UK and Ireland identify, prepare for and mitigate risks by offering a broad array of industry-specific, combined property and casualty insurance solutions to customers. This includes SME solutions traded directly, Commercial Accounts traded via brokers, and Corporate Solutions to FTSE 350 Risk Managed companies. The Underwriting Manager serves as a technical leader and subject matter expert, providing specialized underwriting guidance and technical oversight for the underwriting team. This role focuses on maintaining underwriting excellence, developing technical capabilities across the team, and serving as an escalation point for complex risk decisions while ensuring portfolio profitability and growth. 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.
Responsibilities
- Serve as the primary technical referral point for complex, unusual, or high-exposure risks, providing expert guidance on policy interpretation, coverage analysis, and risk assessment.
- Manage and develop the profitability, growth, and retention of the Technology portfolio, analyse portfolio performance metrics with focus on technical risk quality, identifying trends in loss experience and recommending appropriate underwriting adjustments, monitoring aggregate exposures and recommending portfolio balancing strategies.
- Ensure Practice adheres to Underwriting processes and guidelines through regular review of cases and underwriting, handling and communication.
- Identifying any necessary corrective actions and providing feedback and coaching to support teams learning and development.
- Coach, train and lead others by example to ensure the successful execution of the sector strategy, through a focus on Technical Underwriting Knowledge, Sector Underwriting Knowledge, Sales and Business Development Skills, a Portfolio Approach, Sector Immersion, Personal Profile and Networking
- Analyse sector and product trends to develop and optimize our proposition and deliver the best customer outcomes.
- Cultivate and maintain relationships with internal partners within the regions and across the enterprise to support the technical underwriting, profitability and growth of the portfolio.
- Foster and maintain relationships with external partners to market and trade Travelers products with a goal of writing and retaining accounts consistent with our risk appetite.
- Must be able to travel to meetings.
- Develop and execute individual and practice new business and retention plans that align with sector and regional plans to drive team success.
- Perform other duties as assigned.
Qualifications
- A Levels or similar qualification
- Knowledge: Expert knowledge of products, the regulatory environment, and the local insurance market.
- Portfolio Management: Ability to execute strategic direction across assigned portfolio in partnership with leadership.
- Analytical/Critical thinking: Strong critical thinking skills with the ability to underwrite, market products, identify financial challenges, and analyse available information to make decisions in alignment with our risk appetite.
- Communication/Influence: Excellent communication skills with the ability to successfully negotiate in difficult situations with brokers.
- Inclusion: Ability to work with and lead people from different backgrounds, experiences, cultures, races, etc. and views those differences as assets to be leveraged to accomplish business goals and objectives.
- Leadership: Experience coaching and mentoring others.
- Industry / Competitor Analysis: Review competitor press releases and industry trade press for helpful insights, linking key themes together and identifying applicability to team strategies.
- Project Management: Participate in and/or lead projects that involves complex analysis and implementation of non-complex, routine business and regulatory changes relating to the enhancement, maintenance or introduction of new products
Must Have
- Advanced experience of underwriting, product knowledge, financial analysis, or risk assessment experience within the technology industry.
- Thorough knowledge and expertise of sectors, brokers and competitors and customers in the technology industry.
- Significant prior experience and track record of external development activity with brokers and insureds.
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 have specific questions regarding the physical requirements of this role, please email us 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 the life-at-travelers benefits page.
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Underwriting Manager - Technology employer: The Travelers Indemnity Company
Contact Detail:
The Travelers Indemnity Company Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriting Manager - Technology
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect with potential colleagues on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their values and how they align with your own. This will help you answer questions more confidently and show that you're genuinely interested in being part of the team.
✨Tip Number 3
Practice your pitch! Be ready to explain why you're the perfect fit for the Underwriting Manager role. Highlight your experience in underwriting, your analytical skills, and how you can contribute to the team's success.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you're serious about joining us at Travelers and ready to take on the challenge.
We think you need these skills to ace Underwriting Manager - Technology
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Underwriting Manager role. Highlight your experience in underwriting, especially within the technology sector, and showcase any relevant achievements that align with the job description.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Mention specific skills and experiences that relate to the responsibilities outlined in the job description.
Showcase Your Analytical Skills: Since this role requires strong analytical and critical thinking skills, be sure to include examples of how you've successfully assessed risks or made data-driven decisions in your previous roles.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and ensure it gets the attention it deserves!
How to prepare for a job interview at The Travelers Indemnity Company
✨Know Your Stuff
Make sure you brush up on your underwriting knowledge, especially in the technology sector. Understand the latest trends and challenges in the industry, as well as the specific products offered by the company. This will help you demonstrate your expertise and show that you're genuinely interested in the role.
✨Showcase Your Leadership Skills
As an Underwriting Manager, you'll need to lead and coach your team. Prepare examples of how you've successfully mentored others or led projects in the past. Highlight your ability to communicate effectively and influence decisions, especially in challenging situations.
✨Prepare for Technical Questions
Expect to face technical questions related to risk assessment and portfolio management. Practice articulating your thought process when analysing complex risks and making underwriting decisions. Being able to explain your reasoning clearly will impress the interviewers.
✨Build Rapport with Interviewers
Remember, interviews are a two-way street! Take the time to connect with your interviewers. Ask insightful questions about their experiences and the company culture. This not only shows your interest but also helps you gauge if the company is the right fit for you.
