Construction Financial Analyst / Surety Underwriter

$83,800 - $138,200/Yr

020 Travelers Indemnity Co - Richardson, TX

Full-time - Mid Level

Richardson, TX

10,001+ employees

About the position

The Account Executive (AE) role within the Bond & Specialty Insurance division at Travelers involves underwriting management and professional liability insurance, as well as surety bonds for businesses and non-profit organizations. This dynamic position requires evaluating financial and business risks, building relationships with agents and brokers, and selling insurance solutions. The AE will work closely with the Construction Services team to provide consultative services to contractors and ensure the profitability and growth of an assigned book of business.

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.
• 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 by regularly meeting in person with agents and brokers to market and sell Travelers products.
• Identify and capture new business opportunities using consultative marketing and sales skills.
• Develop and execute individual agency sales plans that align with the team's sales plans to drive success.
• Perform other duties as assigned.

Requirements

• Bachelor's degree.
• Three to five years of applicable underwriting experience.
• Working knowledge of products, the regulatory environment, and local market conditions.
• Strong 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 successfully negotiate with agents and brokers.
• Two years of underwriting, product knowledge, financial analysis, or risk assessment experience.

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.
• Wellness Program with tools, discounts, and resources for wellness goals and caregiving needs.
• Access to free professional counseling services and health coaching through the mental health program.
• Matching Gift and Volunteer Rewards program to encourage community involvement.