Job title: Underwriter, Contract Surety

Company: The Travelers

Job description: Who Are We?

Solid reputation, passionate people and endless opportunities. That’s Travelers. Our superior financial strength and consistent record of strong operating returns mean security for our customers – and opportunities for our employees. You will find Travelers to be full of energy and a workplace in which you truly can make a difference.

Job Category Underwriting

Target Openings 1

What Is the Opportunity? The Bond and Specialty Insurance division of Travelers is seeking to add an Associate Account Executive (Underwriter) to our Construction Surety team. This is an opportunity to join a successful, dedicated, and collaborative team of underwriters in a highly visible and challenging role. Associate Account Executives (Underwriters) have the opportunity to build a unique and rewarding career at an industry leader within a highly specialized niche of the insurance industry.

What Will You Do?

• Responsible for the profitability, growth, and retention of an assigned book of business through thorough knowledge and understanding of Travelers risk appetite to make appropriate decisions within own underwriting authority.
• Support senior underwriting group with credit analysis and underwriting recommendations.
• Develop and maintain relationships with internal partners within the business unit and across the enterprise to create sales plans and identify cross-selling opportunities.
• Develop, foster and maintain relationships with external partners by regularly meeting with brokers to market and promote Travelers products.
• Identify new business opportunities using consultative marketing and sales skills. Collaborate with management to execute on regional sales plans.
• Monitor assigned portfolio to identify deteriorating credit conditions and compliance with the terms and conditions of the facility.
• Perform other duties as assigned.
• Represent Travelers at various industry-related functions.

What Will Our Ideal Candidate Have?

• Bachelor’s degree in a finance or accounting related discipline preferred.
• One to three years of surety underwriting, credit or finance/accounting experience preferred.
• Ability to apply critical thinking skills while proactively identifying underwriting, marketing or financial challenges and analyze available information to make timely recommendations in alignment with our risk appetite.
• Strong financial acumen, including the ability to analyze financial statements and client’s operational history.
• Communication skills with the ability to successfully collaborate with our broker partners.
• Customer service oriented to provide best in class service.
• Manage range of complex and time sensitive tasks efficiently and effectively.

What is a Must Have?

• At least one year of surety underwriting or relevant credit, finance or accounting experience is required.
• Valid driver’s license.
• Periodic travel will be required

What Is in It for You?

• Health Insurance: Employees and their eligible family members – including spouses, partners, and children – are eligible for coverage from the first day of employment.
• Retirement: Travelers provides a core contribution of 3% of your total eligible earnings to your Deferred Profit Sharing Plan (“DPSP”). Travelers also matches your savings plan contribution dollar-for-dollar up to 5% of base pay.
• Paid Time Off: Start your career at Travelers with a minimum of 20 days Paid Time Off (“PTO”) annually, plus the opportunity to purchase additional days to allow for up to a total of 36 PTO days per year.
• Wellness Program: The Travelers wellness program is comprised of tools and resources that empower you to achieve your wellness goals. In addition, our Life Balance program provides access to professional counseling services and other resources to support your daily life needs. Through Life Balance, you’re eligible for free counseling sessions with a licensed therapist.
• 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.
• Associateship of Canadian Surety Bonding (A.C.S.B ) Designation: The successful candidate will be required to obtain the A.C.S.B designation. Travelers will cover your enrollment and course fees.

Equal Employment Opportunity Statement

Travelers is an equal opportunity employer. We are committed to providing accommodation to persons with disabilities. If you require accommodation during the recruitment or interview process we will work with you to accommodate your needs.

If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an so we may assist you.

Expected salary:

Location: Toronto, ON

Job date: Sat, 15 Jul 2023 03:26:47 GMT