Travelers Hiring for Underwriter – Renewable Energy Job at London, England Full Time

Company Summary

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.

Target Openings

1

Job Description Summary

Renewable Energy provides worldwide coverage for All Risks of Physical Loss or Damage including machinery breakdown and ensuing time element to companies involved in electricity generation and electricity distribution and construction projects to the Renewable Energy Sector.

We are looking for an Underwriter to underwrite and process new business, renewals and mid term adjustments, monitoring rate adequacy of all business written or handled.

We aim to offer an inclusive and flexible approach to how and when you work, as well as good work-life benefits. We are happy to discuss all types of flexible working with you, when you join us for your interview. While we may not be able to accommodate exactly what you want, we are always open to having the conversation.

Primary Job Duties & Responsibilities

Be Committed, Be Connected, Be Creative and Be Energised – these are the values we are passionate about. Understanding and embracing our values will shape your success and contribute to making this a great place to work. The following key activities form a core part of your role

• Support the overall profitability, growth and retention of the Line of Business line and consistency of all related underwriting initiatives.
• Ensures that business is written in accordance with the Company’s policies, procedures and controls (including audit requirements) at all times, and adheres to Lloyds Underwriting Management Standards ensuring business is only accepted in accordance with:
• individual underwriting authority and, where relevant, with approval under the Lloyds Individual Registration Byelaw.
• the Unit’s business plan for the relevant year.
• Support the development of assigned Line of Business and services such as researching and identifying target business, competitor information, industry and economic factors across the business.
• Utilise appropriate systems to accurately enter quotes, risks and endorsements, so as to ensure correct management, statistical and regulatory reporting.
• May gather data and prepare reports to support the professional execution of corporate/business underwriting policies/standards.
• Monitor market factors and world affairs as part of research and development of new opportunities.
• Promote Travelers Line of Business, distribution strategy and philosophy and provide guidance on the Company’s underwriting philosophy, procedures and requirements by building strong partnerships with Agents, Brokers and Customers.
• Provide guidance, mentoring and coaching to others as appropriate.

To be successful you will need to consistently deliver a great experience in every customer contact; connect with the right partners internally to find creative solutions to problems; be a role model and behave in a way that actively supports an inclusive work environment; and consistently deliver on your commitments.

Minimum Qualifications

• Previous Property and Casualty insurance experience in either an underwriting, operational or broker capacity.
• Secondary level education or equivalent required.

Education, Work Experience, & Knowledge

• Experience within the Lloyd’s market preferred, with a basic understanding of the internal and external factors which impact the market.
• Underwriting experience preferred.
• Degree preferred.
• Able to demonstrate emerging technical proficiency and application of knowledge commensurate to your underwriting authority.

Licensing or Certificates

• Expected to be studying towards ACII qualification.

Job Specific Technical Skills & Competencies

• Able to make sound quoting and pricing decisions that are in the Company’s best interests.
• Intermediate knowledge and ability in respect of judgment, decision making, communication and strong team work.
• Demonstrates Intermediate knowledge and experience in respect of Relationship Management: Seeks out, builds, fosters and maintains productive relationships or alliances to meet goals and achieve objectives.
• Demonstrates Intermediate knowledge and experience in respect of Analytical Thinking/Financial Acumen: Identifies current or future problems or opportunities, analyses, synthesises and compares information to understand issues, identifies cause/effect relationships, and explores alternatives to support sound decision making.
• Utilises understanding of finance and accounting principles to identify the impact of responsible underwriting decisions on the overall profitability of the business.
• Demonstrates Intermediate knowledge and experience in respect of Product/Technical: Demonstrates technical proficiency and application of knowledge commensurate to his/her underwriting authority.
• Demonstrates Intermediate knowledge and experience in respect of Business Perspective: Uses knowledge of internal and external factors that impact the Lloyd’s Market to make decisions.

Environmental / Work Schedules / Other

• Use of Display Screen Equipment (Continuously)

Employment Practices

Travelers is an equal opportunity employer. We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences.

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.