Account Underwriter Private Non-Profit

$64,500 - $106,400/Yr

Travelers - Richmond, VA

Full-time - Entry Level

Richmond, VA

Insurance Carriers and Related Activities

About the position

As an Account Underwriter for Private Non-Profit at Travelers, you will play a crucial role in providing management and professional liability insurance, as well as surety bonds to businesses and non-profit organizations. This position is part of the Private & Non-Profit Liability team, which focuses on delivering financial protection to private and non-profit entities. You will engage in a dynamic role that combines evaluating and analyzing financial and business risks, building relationships, and negotiating with clients, agents, and brokers. The environment is fast-paced, requiring the analysis of complex data related to financial performance, industry and economic exposures, and risk management practices. The coverages you will work with include Directors and Officers Liability, Employment Practices Liability, Fiduciary Liability, CyberRisk, Kidnap and Ransom, Crime, and Identity Fraud Expense Reimbursement. In this role, you will manage the profitability, growth, and retention of a smaller assigned book of business, primarily composed of existing accounts. You will underwrite and negotiate routine customer accounts to minimize risk while maximizing profitability. Collaboration is key, as you will partner with leadership to execute business unit underwriting strategies and cultivate relationships with internal and external partners. Your ability to identify and capture new business opportunities will be developed through consultative marketing and sales skills, and you will work closely with assigned Account Executives to implement sales plans. This position requires a detail-oriented approach and the ability to build relationships that drive results, contributing to the overall profitability and success of Travelers.

Responsibilities

• 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, with limited travel as needed.
• 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.

Requirements

• 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.
• One year of related professional experience.

Benefits

• Health Insurance for employees and eligible family members from the first day of employment.
• 401(k) retirement plan with dollar-for-dollar matching contributions up to the first 5% of eligible pay, and a Pension Plan fully funded by Travelers.
• Minimum of 20 days Paid Time Off annually, plus nine paid company Holidays.
• Wellness Program providing tools, discounts, and resources for wellness goals, including access to free professional counseling services.
• Encouragement for volunteer work with a Matching Gift and Volunteer Rewards program.