At a Glance
- Tasks: Manage small business insurance portfolios and build strong broker relationships.
- Company: Join Travelers, a leading property casualty insurer with over 170 years of innovation.
- Benefits: Enjoy hybrid work flexibility, competitive salary, and comprehensive benefits.
- Other info: Diverse and inclusive workplace with excellent career growth opportunities.
- Why this job: Develop your risk assessment skills while making a real impact in a fast-paced environment.
- Qualifications: A-Levels or similar qualification and some prior insurance experience required.
The predicted salary is between 44550 - 54450 £ 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? Small Business Broker provides Property and Casualty insurance for Small to Medium sized businesses through our Broker networks and deals with high volume eTrade Insurance. We are looking for an Associate Underwriter to join our Small Business team based in Redhill on a 12 month fixed term contract. In this role you'll manage renewals and Mid-Term Adjustments (MTAs) — driving retention, ensuring accuracy, and delivering excellent broker service in a high-volume, fast-paced environment. You'll build strong broker relationships and balance analytical thinking with commercial decision-making to achieve key business goals to deliver the right solutions for customers. If you're decisive, detail-oriented, and collaborative, this is a great opportunity to develop your risk assessment expertise and make a direct contribution to the sustainable profitability and long-term success of Travelers.
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?
- Manage the profitability, growth, and retention of an assigned small portfolio.
- Underwrite and negotiate routine risks to minimise risk and maximise profitability, including Mid Term Adjustments (MTAs).
- Proactively manage your portfolio, ensuring key performance indicators are consistently achieved and you actively target new business and retention.
- Take corrective action in collaboration with your Manager / Team based on identified risk characteristics.
- 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 E-Trade risk efficiently.
- 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 to write and retain accounts consistent with our risk appetite.
- Execute submission, quotes and renewals with guidance from your manager and working in partnership with the sales team.
- Perform other duties as assigned.
What Will Our Ideal Candidate Have?
- Knowledge: Some knowledge of products, the regulatory environment, and the local insurance market.
- Analytical/Critical thinking: 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: Communication skills with the ability to negotiate with agents and brokers.
- Inclusion: Ability to work with people from different backgrounds, experiences, cultures, races, etc. and views those differences as assets to be leveraged to accomplish business goals and objectives.
- Industry / Competitor Analysis: Review competitor press releases, and industry trade press for helpful insights.
- Project Management: Participate in projects that involve the implementation of non-complex, routine business and regulatory changes relating to the enhancement, maintenance or introduction of new products.
What is a Must Have?
- UK: A-Levels or similar qualification
- Some prior related Insurance 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. If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email 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 http://careers.travelers.com/life-at-travelers/benefits/.
Associate Underwriter - Small Business - 12 Months FTC in Redhill employer: Travelers
Travelers is an exceptional employer that prioritises the well-being of its employees through a robust wellness programme, generous holiday entitlement, and a commitment to community involvement. With a culture rooted in innovation and collaboration, employees are encouraged to grow professionally while enjoying the flexibility of hybrid work arrangements. Join us in a role that not only offers competitive benefits but also the opportunity to build meaningful relationships within the insurance industry.
StudySmarter Expert Advice🤫
We think this is how you could land Associate Underwriter - Small Business - 12 Months FTC in Redhill
✨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 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 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 Associate Underwriter - Small Business - 12 Months FTC in Redhill
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 Travelers.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at 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 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 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 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 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.
