Who Are We?Taking care of our customers, our communities and each other. That’s the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 160 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.Job CategoryUnderwritingCompensation OverviewThe 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$110,800.00 - $182,800.00Target Openings1What Is the Opportunity?Responsible for the growth and management of the Multinational Accounts Practice Management Liability book of business, supporting Management and Professional Liability businesses. Coordinates the placement of complex international Management Liability requests through Travelers Foreign Subsidiaries, INI Network or foreign insurers (i.e. fronting companies).Participates in the broadening and development of the Bond & Specialty Insurance global footprint, including finding new solutions in strategic jurisdictions and maintaining and improving existing solutions. Leads internal and external growth, communication, and marketing efforts to increase Travelers’ penetration and competitive advantage in the multinational space.What Will You Do?Successfully leverage and enhance the Bond & Specialty Insurance Multinational offering to help Business Units achieve profit and growth objectives.Underwriting and Multinational transaction responsibilities include but are not limited to:
Works with Business Units to identify areas in which the Multinational Accounts Practice can support key Business Unit strategies.
-Works with domestic Account Executives as appropriate to support cross-sell opportunities andmarket penetration objectives.
Develops tools to make prospecting, quoting, etc. more efficient and market competitive.
Advises Field on the underwriting and pricing of global exposures in coordination with domestic Account Executives.
Engages various multinational partners to build a timely, competitive, and comprehensive insurance programs which meet local policy requirements and legal/law interpretations.
Ensures production and underwriting objectives are achieved.
Develops and maintains effective and collaborative relationships with internal resources (e.g., Claim, Legal, Operations, Product Solutions, Product Managers, etc.) to ensure delivery of all related services to domestic Account Executives, brokers/agents, and clients.
Develops and maintains productive relationships with the Enterprise as well as multinational partners around the world, in partnership with the B&SI Senior Management team.
-Serves as trusted advisor for external constituentsPost-transaction responsibilities include but are not limited to:
Works to improve and maintain back-end infrastructure processes (booking, invoice issuance, policy issuance, etc.).
Coordinates with Claim when foreign claims are at issue and assistance is needed.
Assists Reinsurance Accounting with billing and payment reconciliation and collection when needed.
-Develops and maintains a set of formal, written Standard Operating Procedures for the international placement process.
Leads the development and implementation of an efficient data management. structure.
Develops and/or augments existing training for Business Units and Field Staff.
Other Responsibilities include:
Participates in an assortment of strategic initiatives to strengthen the Multinational Accounts Practice.
Participates in multi-layered projects as needed to fruition; communicates and organizes effectively to help convert a strategic plan into reality.
What is a Must Have?
Minimum of 5 years of equivalent work and/or industry experience.
What Is in It for You?
Health Insurance : Employees and their eligible family members – including spouses, domestic partners, and children – are eligible for coverage from the first day of employment.
Retirement: Travelers matches your 401(k) contributions dollar-for-dollar up to your first 5% of eligible pay, subject to an annual maximum. If you have student loan debt, you can enroll in the Paying it Forward Savings Program. When you make a payment toward your student loan, Travelers will make an annual contribution into your 401(k) account. You are also eligible for a Pension Plan that is 100% funded by Travelers.
Paid Time Off: Start your career at Travelers with a minimum of 20 days Paid Time Off annually, plus nine paid company Holidays.
Wellness Program: The Travelers wellness program is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health program provides access to free professional counseling services, health coaching and other resources to support your daily life needs.
Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards program that enables you to give back to the charity of your choice.
Employment PracticesTravelers is an equal opportunity employer. We believe that we can deliver the very best products and services when our workforce reflects the diverse customers and communities we serve. We are committed to recruiting, retaining and developing the diverse talent of all of our employees and fostering an inclusive workplace, where we celebrate differences, promote belonging, and work together to deliver extraordinary results.In accordance with local law, candidates seeking employment in Colorado are not required to disclose dates of attendance at or graduation from educational institutions.If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email (4-ESU@travelers.com) so we may assist you.Travelers reserves the right to fill this position at a level above or below the level included in this posting.To learn more about our comprehensive benefit programs please visit http://careers.travelers.com/life-at-travelers/benefits/ .
