Business Center Account Executive/Underwriter Commercial Accounts

$79,500 - $131,200/Yr

Travelers - Centennial, CO

Full-time - Mid Level

Centennial, CO

Insurance Carriers and Related Activities

About the position

The Account Executive/Underwriter for Commercial Accounts at Travelers is responsible for managing the profitability, growth, and retention of a designated book of business within the Middle Market Business Center. This role involves underwriting and negotiating customer accounts, fostering relationships with agents and brokers, and identifying new business opportunities to enhance market penetration and profitability. The ideal candidate will possess strong critical thinking and communication skills, enabling them to navigate the complexities of underwriting and sales effectively.

Responsibilities

• Manage the profitability, growth, and retention of an assigned book of business.
• Underwrite and skillfully negotiate customer accounts to minimize risk and maximize profitability.
• Cultivate and maintain relationships with internal partners within the business unit and across the enterprise to support market penetration objectives and identify cross-selling opportunities.
• Foster relationships with external partners by delivering seamless underwriting experiences and solutions.
• Identify and capture new business opportunities using consultative marketing and sales skills.
• Support the execution of agency, region, and group sales plans.
• Perform other duties as assigned.

Requirements

• Bachelor's degree.
• Two years of underwriting experience.
• Three to five years of relevant underwriting experience.
• Knowledge of Business Insurance products, the regulatory environment, and the local insurance market.
• Strong critical thinking skills with the ability to proactively identify underwriting, marketing, or financial challenges and analyze available information to make timely decisions in alignment with our risk appetite.
• Communication skills with the ability to successfully negotiate with agents and brokers.
• CPCU designation.

Nice-to-haves

• Experience in consultative marketing and sales skills.

Benefits

• Health Insurance coverage from the first day of employment for employees and their eligible family members.
• 401(k) matching contributions dollar-for-dollar up to the first 5% of eligible pay, subject to an annual maximum.
• Pension Plan that is 100% funded by Travelers.
• Minimum of 20 days Paid Time Off annually, plus nine paid company Holidays.
• Access to a wellness program with tools, discounts, and resources for wellness goals.
• Mental health program providing access to free professional counseling services and health coaching.
• Matching Gift and Volunteer Rewards program to support charitable contributions.