Location
Wall Township, NJ | United States
Job description
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.
Compensation Overview
The 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
$65,800.00 – $108,500.00
Target Openings
1
What Is the Opportunity?
InsuraMatch is a national independent agency company, owned by Travelers Insurance, has launched a new business division focusing on commercial lines E&S business. The new venture has become a focus of the agency as it seeks to diversify its business operations and help advance key strategic objectives of Travelers. As a Wholesale/E&S Commercial Lines Underwriter you will be primarily responsible for handling and evaluating individual commercial lines risk applications. You will work with submitting Retail Agents to ensure the application is complete before evaluating its acceptability as per our carriers’ underwriting guidelines and rating the risk.
What Will You Do?
- Review applications for insurance coverage, reports from loss control consultants and other information to determine if a Commercial Lines risk is acceptable for the program(s) available.
- Evaluate the experience of a risk against the class of business under review.
- Evaluate the loss potential due to catastrophe, severity, and/or frequency.
- Evaluate policies for renewal consideration and recommend appropriate price or coverage adjustments based on prior policy experience.
- Request additional documentation necessary for the processing of an application, endorsement or cancellation.
- Ensure applications are complete and include all compliance-related forms and disclosures prior to policy issuance.
- Conduct On-site marketing visits and system training, as required, at our agents’ offices.
- Coach and guide Associate UW as needed.
- Rate policies efficiently, accurately, and within the guidelines of the available program(s)
- Utilize publicly available knowledge to evaluate risk.
- Prepare premium quotations for new business risk submissions.
- Review requests for policy cancellations, endorsements, and reinstatements.
- Promptly address inquiries from agents, policyholder, or prospects.
- Perform other duties as assigned.
What Will Our Ideal Candidate Have?
- 5 plus years of current Commercial Lines Experience preferred.
- Working knowledge of applicable Insurance Department regulations and policies is required.
- Insurance Industry designations are preferred.
- A valid Producer’s License in home state is preferred.
What is a Must Have?
- 2 years of demonstrated experience in Commercial Lines underwriting practices and procedures.
- Comprehensive knowledge of Commercial Lines insurance coverage forms and their application.
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 and resources that empower you to achieve your wellness goals. In addition, our Life Balance program provides access to professional counseling services, life coaching and other resources to support your daily life needs. Through Life Balance, you’re eligible for five 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.
Employment Practices
Travelers 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.
If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email 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 .
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