Account Executive Officer/Senior Underwriter, Construction
Company: The Travelers Companies, Inc.
Location: Walnut Creek
Posted on: September 15, 2023
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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 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$103,300.00 - $170,400.00Target Openings1What Is the
Opportunity?Construction provides a full suite of insurance
solutions suited to construction contractors of all sizes,
including General Liability, Property, Marine, Automobile, Workers'
Compensation, Umbrella, and more. The Account Executive Officer
(AEO), Construction will partner with agents and brokers to provide
coverage for new and renewal business based on customers' needs.
This role is seen as a technical resource. As an AEO, you are
decisive, detail-oriented, and know how to build relationships
internally and externally to drive results. Your ability to
independently assess complex risk and sell our products in
challenging markets will contribute to the profitability and
success of Travelers.What Will You Do?Manage the profitability,
growth, and retention of an assigned book of business.Underwrite
and skillfully negotiate complex customer accounts to minimize risk
and maximize profitability.Cultivate and maintain relationships
with internal partners within the business unit and across the
enterprise to create sales plans and 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 with a goal of writing and
retaining accounts consistent with our risk appetite. Must be able
to travel to such meetings.Identify and capture new business
opportunities using consultative marketing and sales
skills.Independently develop and execute agency sales plans and
frequently partner with your Managing Director (MD) to develop
region/group sales plans.May assist in the training and mentoring
of less experienced Account Executives.Perform other duties as
assigned.What Will Our Ideal Candidate Have?Bachelor's degree.Six
to eight years of relevant underwriting experience with experience
in construction risk or oil and gas.Deep knowledge of construction
risk or oil and gas products, the regulatory environment, and the
local insurance market.Strong critical thinking skills with the
ability to proactively identify underwriting, marketing, or
financial challenges and analyze available information to make
timely decisions in alignment with our risk appetite.Excellent
communication skills with the ability to successfully negotiate in
difficult situations with agents and brokers.CPCU designation.What
is a Must Have?Four years of underwriting 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 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
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.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 0
Keywords: The Travelers Companies, Inc., Walnut Creek , Account Executive Officer/Senior Underwriter, Construction, Professions , Walnut Creek, California
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