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International & Subsidiary
Underwriter Trainee/Underwriter - FPS

Job ID: 2009-TO-37
Location: TO - Toronto
Available Openings: 1

Solid Reputation. Passionate People.  Endless Opportunities.

We are one of the leading insurance companies in North America.  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.

Travelers is hiring for a Non-Profit Underwriter Trainee/Underwriter reporting to the Manager, Financial Institutions in the Toronto office.  He or she will focus on producing and underwriting new and renewal business from assigned brokers. They will consistently achieve budgeted financial results (premium, loss ratio, retention, commissions, pricing and new business) through execution of market segment strategies.  In addition, he or she will interact and collaborate with a team of colleagues and other critical internal/external business associates.  This position includes direct responsibility for business development and the management of a book of business.

Job Specifications:

  • Develop and leverage productive brokerage/client relationships through a high level of visibility with brokers and clients and a disciplined sales management approach (i.e., planning and follow-up for agent/broker and prospective end customer visits/meetings) in support of business objectives. 
  • Effectively develop and execute sales plans.  Sales activity should include the regional and second tier brokerages/clients. 
  • Act as a business partner with assigned brokers and clients including interaction and negotiation as appropriate and continuously manage book of business (maintain quality of business required by market strategy).
  • Assess risk while making appropriate decisions within own underwriting authority and make appropriate recommendations to Management.
  • Underwrite accounts and consider different approaches toward risks to maximize profitability (e.g., pricing, retention, limits and coverage).
  • Within authority limits, make quick sound decisions and negotiate terms and conditions consistent with Travelers Financial & Professional Services’ established standards.
  • Demonstrates a sense-of-urgency in prioritizing tasks and responds to brokers and other industry personnel in a clear and concise manner, demonstrating a high quality of customer service.
  • Understand and execute market strategies to produce budgeted results.
  • Accountable for accurate underwriting documentation/ information in account management systems and adherence to documentation standards.
  • Understand, embrace, execute, and foster Travelers Guiding Principles/Best Practices
  • Achieve underwriting, sales and production goals pursuant to strategic objectives. 
  • Build and maintain collaborative relationships with clients (brokers and direct insured).
  • Actively work within the team to develop their experience in the financial institution market.
  • Participate on projects having an impact on the business.
  • Stay up-to-date on technical knowledge and offering technical support where possible.

Job Qualifications:

  • Completion of a post secondary education or equivalent, with an emphasis in finance or accounting
  • Underwriting experience (D&O, EPL Fidelity and/or Fiduciary) would be an asset, as would prior work experience within the investment banking / finance industry.
  • Demonstrates strong sales management skills and advanced analytical and financial analysis abilities
  • Strong problem solving and decision making skills.
  • Ability to think strategically, understand a situation (accounts, competitive environment, product changes) and develop a strategy to achieve the desired outcome.
  • Ability to listen, influence, and negotiate is essential to effectively develop productive internal and external relationships.
  • Exceptional in building client relationships in support of business objectives
  • Participates in industry functions to increase visibility in the marketplace, network with key players in the industry, and increase knowledge of the industry.
  • Highly motivated to meet requirements of position
  • Demonstrates leadership characteristics and traits by taking ownership and responsibility for decisions and outcomes, meets deadlines, demonstrates integrity and initiative.
  • Excellent communication and interpersonal skills
  • Ability to work within a team environment

We are proud to provide comprehensive, high-quality employee programs to meet our employees' needs now and in the future including a very competitive financial package. For more information about the benefits and rewards of working at Travelers Canada, click here.

Travelers Canada is an equal opportunity employer and invites culturally diverse applicants to join our team. We are an equal opportunity employer.

Ready to apply? Click here. Please quote the job ID and/or title when applying.