At a Glance
- Tasks: Join our Cargo underwriting team and support business growth and profitability.
- Company: Travelers, a leading insurance company with a focus on innovation.
- Benefits: Private medical insurance, generous holiday entitlement, and wellness programmes.
- Other info: Opportunity for career growth and professional development in a supportive environment.
- Why this job: Make an impact in the Lloyd’s market while developing your underwriting skills.
- Qualifications: Experience in underwriting and a passion for relationship management.
The predicted salary is between 50000 - 70000 £ per year.
Join Travelers’ rapidly growing and profitable Cargo underwriting team in Europe, expanding the book in Lloyd’s and company markets and delegated authority. Work closely with the Senior Cargo Underwriter and the Fine Art & Specie team to grow our lead market and niche specialty propositions.
What Will You Do?
- Support the overall profitability, growth and retention of the line of business and all related underwriting initiatives.
- Ensure business is written in accordance with the Company’s policies, procedures, controls (including audit requirements) and Lloyds Underwriting Management Standards, and that it is accepted only with appropriate underwriting authority or approval.
- Support the development of the assigned line of business and services: research and identify target business, competitor information, industry and economic factors.
- Utilize appropriate systems to accurately enter quotes, risks and endorsements for correct management, statistical and regulatory reporting.
- Gather data and prepare reports to support execution of corporate and business underwriting policies and 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 to agents, brokers and customers on the Company’s underwriting philosophy, procedures and requirements.
- 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 that impact the market.
- Strong underwriting experience and ability to demonstrate emerging technical proficiency and application of knowledge commensurate with underwriting authority.
- Ability to make sound quoting and pricing decisions in the Company’s best interests.
- Intermediate knowledge and ability in judgment, decision making, communication and teamwork.
- Demonstrated experience in relationship management: seeking, building, fostering and maintaining productive relationships to meet goals.
- Intermediate analytical thinking/financial acumen: identifying causes, exploring alternatives and applying finance and accounting principles to assess underwriting impact on profitability.
- Intermediate technical knowledge and product expertise commensurate with underwriting authority.
- Business perspective: using knowledge of internal and external factors that impact the Lloyd’s Market to make decisions.
- Expected to be studying toward ACII qualification.
Must Have
- Previous Property and Casualty insurance experience in underwriting, operational or broker capacity.
- Secondary level education or equivalent.
What Is in It for You?
- Private medical insurance: single cover provided by Travelers; dependent cover available at your expense.
- Retirement: core company contribution to Pension Plan; additional contribution if you contribute to the plan.
- Holiday entitlement: minimum 25 days annual; option to purchase additional days up to 35 holidays per year.
- Wellness programme: tools, discounts and resources for wellness goals; mental health programme with free professional counseling services.
- Volunteer encouragement: Matching Gift and Volunteer Rewards programme to support charitable giving.
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 send us an email so we may assist you.
Cargo Underwriter employer: Travelers Canada
Travelers is an exceptional employer, offering a dynamic work environment in the heart of Europe where you can thrive as a Cargo Underwriter. With a strong focus on employee growth, we provide comprehensive benefits including private medical insurance, a robust pension plan, and generous holiday entitlement, alongside a supportive culture that encourages wellness and community involvement. Join us to be part of a team that values your unique talents and fosters meaningful relationships within the Lloyd's market.
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 professionals on LinkedIn. Building relationships can open doors that a CV just can’t.
✨Show Off Your Skills
When you get the chance to chat with potential employers, make sure to highlight your underwriting experience and any relevant projects. Use real examples to demonstrate how you've tackled challenges in the Lloyd’s market.
✨Research is Key
Before any interview, do your homework! Understand the company’s position in the market, their competitors, and recent news. This will not only impress them but also help you tailor your answers to what they’re looking for.
✨Apply Through Us!
Don’t forget to apply through our website! We’ve got a streamlined process that makes it easy for you to showcase your skills and experience directly to us. Plus, we love seeing candidates who take that extra step!
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 experience in the Lloyd’s market and any relevant underwriting skills. We want to see how your background aligns 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 role and how your skills can contribute to our team. Keep it concise but impactful – we love a good story!
Showcase Your Analytical Skills:Since analytical thinking is key for this position, make sure to include examples of how you've used these skills in past roles. We want to see how you approach problem-solving and decision-making!
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’s super easy – just a few clicks and you’re done!
How to prepare for a job interview at Travelers Canada
✨Know Your Cargo Inside Out
Before the interview, make sure you brush up on your knowledge of the Lloyd’s market and the specific factors that influence cargo underwriting. Familiarise yourself with recent trends, competitor strategies, and any relevant economic factors. This will not only show your enthusiasm but also demonstrate your commitment to understanding the industry.
✨Showcase Your Analytical Skills
Prepare to discuss how you've used analytical thinking in past roles. Think of specific examples where you identified issues, explored alternatives, and made decisions that positively impacted profitability. Being able to articulate your thought process will impress the interviewers and highlight your suitability for the role.
✨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 relationships in previous positions. Whether it’s with clients, brokers, or colleagues, showing that you can foster productive relationships 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 approach to new opportunities in the cargo market or how they support their underwriters in professional development. This shows your genuine interest in the role and helps you gauge if the company aligns with your career goals.
