Construction Surety Underwriter/Financial Analyst

$83,800 - $138,200/Yr

Travelers - Overland Park, KS

Full-time - Mid Level

Overland Park, KS

Insurance Carriers and Related Activities

About the position

The Construction Surety Underwriter/Financial Analyst at Travelers Insurance plays a crucial role in evaluating and analyzing financial and business risks associated with surety bonds for construction projects. This position involves building relationships with agents and brokers, negotiating customer accounts, and executing underwriting strategies to ensure profitability and growth within an assigned book of business. The ideal candidate will possess strong analytical skills, a solid understanding of the regulatory environment, and the ability to communicate effectively with stakeholders.

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 for employees and their eligible family members from the first day of employment.
• Retirement: 401(k) matching contributions dollar-for-dollar up to the first 5% of eligible pay, a Pension Plan funded by Travelers, and a Paying it Forward Savings Program for student loan payments.
• Paid Time Off: Minimum of 20 days annually plus nine paid company holidays.
• Wellness Program: Access to tools, discounts, resources, and mental health support services.
• Volunteer Encouragement: Matching Gift and Volunteer Rewards program to support charitable contributions.