Underwriting Trainee - Private & Non-Profit - Chantilly, VA

Underwriting Trainee - Private & Non-Profit - Chantilly, VA

Our organization works with partner companies to source qualified talent for their open roles. The following position is available to Veterans, Transitioning Military, National Guard and Reserve Members, Military Spouses, Wounded Warriors, and their Caregivers. If you have the required skill set, education requirements, and experience, please follow the next steps.

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.

Job Category : Underwriting

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 $59,200.00 - $97,700.00

What Is the Opportunity?

The Bond and Specialty Insurance division of Travelers is seeking to add a new member to our Private & Non-Profit in an Underwriting Development Program role. This is an opportunity to join a dedicated collaborative team of underwriters in a highly visible and challenging role. Our Underwriting Professional Development Program (UPDP) provides participants the opportunity to build a unique and successful career within a highly specialized niche of the insurance industry. Lawsuits, cyber-attacks, and extortion can impact a company's financial performance and reputation. Private & Non-Profit Liability provides financial protection to directors and officers of private and non-profit companies for these exposures and many more. Products include Directors and Officers Liability, Employment Practices Liability, CyberRisk, Kidnap and Ransom, Crime, and Fiduciary Liability. Underwriters in this fast growing segment work with private companies and non-profit organizations across all industries. Our diverse customer base and product knowledge allows us to add value to our agents. Our comprehensive program consists of a blend of mentorship, classroom instruction, and on-the-job training leading to increasing responsibility and accountability. The UPDP prepares you for a career in underwriting, which is a dynamic blend of the following :

• Financial analysis / risk assessment : gather and analyze pertinent information in order to evaluate the acceptability of business risk
• Marketing : build and maintain relationships with agents, brokers, and insured clients to help achieve business goals
• New business development and retention : sell to, negotiate with, and influence agents and brokers to manage a profitable book of business

What Will You Do?

Gather and analyze pertinent information including financial statements in order to evaluate the acceptability of business risk. Build relationships with agents, brokers, and insured clients to help achieve business goals. Undergo extensive training in order to underwrite, market to, negotiate with, and influence agents and brokers to manage a profitable book of business. Begin to build and understand relationships with Travelers employees within the business unit and across the enterprise in order to begin to create sales plans. Ability to travel to internal meetings with team members and external meetings with agents, brokers, and clients. Perform other duties as assigned.

Additional Qualifications / Responsibilities

What Will Our Ideal Candidate Have? Applicable professional experience. Take the initiative on tasks with the ability to learn the industry, product line, and internal programs and platforms. Demonstrates effective verbal, written and listening communication skills. Ability to leverage analytical skills. What is a Must Have? Bachelor's degree or one year of applicable business experience.