Senior Development Underwriter - Technology in Leeds

Senior Development Underwriter - Technology in Leeds

Leeds Full-Time 55000 - 65000 £ / year (est.) Home office (partial)
The Travelers

At a Glance

  • Tasks: Shape the future of our portfolio by underwriting and negotiating technology insurance solutions.
  • Company: Join Travelers, a leading insurance provider with a focus on innovation and collaboration.
  • Benefits: Enjoy 25+ days holiday, private medical insurance, and a wellness programme to support your well-being.
  • Other info: Flexible hybrid work model and opportunities for mentorship and career growth.
  • Why this job: Make a real impact in the tech industry while developing your skills in a dynamic environment.
  • Qualifications: A Levels or similar, with strong analytical and communication skills.

The predicted salary is between 55000 - 65000 £ per year.

Travelers is looking for an exceptional Senior Development Underwriter to join our growing Technology Underwriting team and play a pivotal role in shaping the future of our portfolio. You'll bring a strong foundation in new business underwriting, underpinned by deep technical expertise across one or more of the following lines: Technology, Property & Casualty, PI, or Cyber. You'll combine rigorous risk assessment with outstanding relationship‑building skills – negotiating terms with confidence and presenting our products with conviction. In this role, you'll take ownership of the full submission lifecycle, proactively managing quotes and binds to consistently deliver against target conversion ratios. Through close, strategic partnerships with brokers, you'll develop tailored insurance solutions that meet client needs while driving sustainable profitability across your assigned portfolio.

Travelers Europe currently offers flexibility to employees who wish to work on a hybrid basis in accordance with our Hybrid Work Arrangements Policy, with full‑time employees working three days a week in the office and two days at home (or pro‑rated for part‑time employees).

Responsibilities

  • Manage the profitability, growth, and retention of an assigned book of business primarily comprised of moderate to complex accounts across all our products.
  • Underwrite and skillfully negotiate moderate to complex risks to minimise risk and maximise profitability, including Mid Term Adjustments (MTAs).
  • Proactively manage your portfolio, ensuring key performance indicators are consistently achieved and actively target new business and retention.
  • Identify and take corrective action based on individual risk characteristics identified through Portfolio Management to actively manage your portfolio of risks.
  • Identify and capture opportunities to write additional lines of business using knowledge of products, risk characteristics and appetite.
  • Proactively utilise various technology platforms to quote and bind risk efficiently.
  • Prepare, lead and present Underwriting Reviews for individual policies or portfolios/schemes and manage action points.
  • Cultivate and maintain relationships with internal partners within the business unit and across the enterprise to identify cross‑selling opportunities.
  • Foster and maintain relationships with brokers by phone, email or other communication channels to market and sell 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 pipeline plans and support the renewal team in the retention of business that aligns with the team’s sales plans to drive success working in partnership with the sales team.
  • Train and mentor less experienced underwriters.
  • Support and collaborate with more junior members of the team, including referrals.
  • Perform other duties as assigned.

Benefits

  • 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 counselling services and other resources that support your daily life needs.
  • Volunteer Encouragement: Travelers has a Matching Gift and Volunteer Rewards programme that enables you to give back to the charity of your choice.

Qualifications

  • A Levels or similar qualification.
  • Deep knowledge of products, the regulatory environment, and the local insurance market.
  • 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 people from different backgrounds, experiences, cultures, races, etc. and view 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 involve complex analysis and implementation of non‑complex, routine business and regulatory changes relating to the enhancement, maintenance or introduction of new products.
  • Must have: Strong experience of underwriting, product knowledge, financial analysis, or risk assessment experience.

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.

Senior Development Underwriter - Technology in Leeds employer: The Travelers

Travelers is an outstanding employer that prioritises employee well-being and professional growth, offering a flexible hybrid work model that promotes work-life balance. With a robust benefits package including private medical insurance, generous holiday entitlement, and a wellness programme, employees are supported in both their personal and professional lives. The collaborative work culture encourages mentorship and development, making it an ideal environment for those looking to advance their careers in the dynamic field of technology underwriting.

The Travelers

Contact Details:

The Travelers Recruitment Team

StudySmarter Expert Advice🤫

We think this is how you could land Senior Development Underwriter - Technology in Leeds

Dive Into Industry Networking Events

Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.

Use LinkedIn to Your Advantage

Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like The Travelers). A thoughtful message explaining your interest can really make a difference!

Look Out for Graduate Schemes

Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.

Leverage Your Current Connections

Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like The Travelers. Don’t shy away from asking for a coffee chat; you never know what doors it might open!

We think you need these skills to ace Senior Development Underwriter - Technology in Leeds

New Business Underwriting
Technical Expertise in Technology, Property & Casualty, PI, or Cyber
Risk Assessment
Relationship-Building Skills
Negotiation Skills
Portfolio Management
Performance Indicator Management

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 The Travelers.

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. 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

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 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 The Travelers, 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'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.