Underwriting

Compensation Overview

The annual base salary range provided for this position is a nationwide market range and represents a broad range of salaries for this role across the country. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. As part of our comprehensive compensation and benefits program, employees are also eligible for performance-based cash incentive awards.

Salary Range

$64,500.00 - $106,400.00

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Bond & Specialty Insurance provides management and professional liability insurance, as well as surety bonds to businesses and non-profit organizations of all sizes. As an underwriter, you will have a dynamic role that blends evaluating and analyzing financial and business risk, building relationships, and selling and negotiating with clients, agents, and brokers.

This role is part of the Commercial Surety team which provides surety bonds for individuals and businesses of all sizes both domestically and internationally. In the role, the Commercial Surety team member works in a fast-paced environment with a local and national team to build client, agent, and broker relationships, evaluate and price risk through financial and contractual underwriting, and offer surety product line solutions to our agents and customers.

As an Account Underwriter, Commercial Surety, you will build relationships with agents and brokers to provide insurance or surety solutions to customers through various communication and collaboration platforms such as email, phone, Zoom, Microsoft Teams, and limited in-person engagements. You will work closely with assigned Account Executive(s) and enterprise partners to analyze and evaluate risk to achieve business goals within an assigned book of business. As an Account Underwriter, you are decisive, detail-oriented, and are learning to build relationships internally and externally to drive results. As you develop the ability to assess risk and sell our products, you will contribute to the profitability and success of Travelers.

What Will You Do?

• Manage the profitability, growth, and retention of a typically smaller assigned book of business largely composed of existing accounts.
• Underwrite and negotiate routine customer accounts to minimize risk and maximize profitability.
• Partner with leadership to execute business unit underwriting strategies across your book of business to achieve profit and growth objectives.
• 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 external partners through regular touchpoints and engagement. Travel to such touchpoints may be requested on a limited basis.
• Learn to identify and capture new business opportunities using consultative marketing and sales skills.
• Collaborate with assigned Account Executive(s) to execute agency, region, and group sales plans with guidance from management.
• Complete underwriting support activities for assigned agents on a limited basis.
• Perform other duties as assigned.

What Will Our Ideal Candidate Have?

• Bachelor’s degree.
• One to three years of applicable underwriting experience.
• Working knowledge of products, the regulatory environment, and local market conditions.
• Critical thinking skills with the ability to underwrite, market products, identify financial challenges, and analyze available information to make decisions in alignment with our risk appetite.
• Communication skills with the ability to negotiate with agents and brokers.

What is a Must Have?

• One year of related professional experience.