Account Executive Officer, Financial Institutions Underwriting in Independence, Ohio | DiversityInc Careers
 

Account Executive Officer, Financial Institutions Underwriting

Company Information
Solid reputation, passionate people and endless opportunities. That's Travelers. 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.

Job Summary
The Bond and Specialty Insurance division of Travelers is seeking to add an experienced Account Executive Officer (Underwriter) to our Financial Institutions team managing a book of business in the New England region (CT, MA, ME, NH, RI, VT). This is an opportunity to join a successful, dedicated, and collaborative team of underwriters in a highly visible and challenging role. An Account Executive Officer (Underwriter) has the opportunity to build a unique and rewarding career at an Industry leader within a highly specialized niche of the Insurance Industry.


Primary Job Duties & Responsibilities
Financial Institutions:
  • Lawsuits, cyber-attacks, and extortion can impact a company’s financial performance and reputation. The Financial Institutions business unit provides financial protection to directors and officers of community banks, credit unions, insurance companies, investment advisors and large depository and non-depository institutions for these exposures and many more. Products include Directors and Officers Liability, Employment Practices Liability, CyberRisk, Kidnap and Ransom, Crime, Fiduciary Liability, and Errors and Omission Liability.
  • Underwriters in this segment specialize in a variety of financial service sectors and actively participate in industry associations.
Underwriting in Financial Institutions 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 within assigned book of business
  • 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
Utilizing Travelers’ extensive amount of resources and tools, a Financial Institutions Account Executive (Underwriter) will immediately have the opportunity to make an impact and will:
  • Manage a high quality, diverse, and complex customer base across multiple financial services industries
  • Partner with other high performing underwriters, senior leadership, and a highly specialized internal Claim organization to execute business unit underwriting strategy
  • Design, develop, and implement a broker/agency sales and marketing plan specific to assigned territory
  • Leverage Industry leading product expertise and data analytics to identify new business opportunities
  • Benefit from cross sell opportunities and established relationships within other Travelers’ business units
  • Develop personally and professionally through experiences, coaching, active management support, and a wide variety of career development resources
  • Experience Travelers’ unique culture which is collaborative, supportive, and values the need to balance work and life


Minimum Qualifications
A minimum of 4 years of underwriting experience is required. A current/valid drivers license is required.

Education, Work Experience & Knowledge
Experience:
  • Typically has minimum of 5 to 7 years of industry experience
Education:
  • Bachelor degree preferred



Job Specific & Technical Skills & Competencies
Able to use all Bond and Specialty Insurance technology tools proficiently. Resolves significant conflict within and outside the organization without damaging relationships; is routinely sought out by others as a knowledge resource; coaching / mentors others regarding successful negotiations. Takes ownership and responsibility for actions and outcomes, performance and results. Identifies current or future problems or opportunities, analyzes, synthesizes and compares information to understand issues, identifies cause/effect relationships and explores alternative solutions to support sound decision making. Remains energized and focused in the face of ambiguity, change or strenuous demands. Demonstrates effective verbal, written and listening communication skills. Provides service excellence to internal or external clients. Exercises sound judgment, makes decisions and commits to a position. Works with and includes people from different backgrounds, experiences, cultures, races, etc. and views those differences as assets to be leveraged to accomplish business goals and objectives. Seeks out, builds, fosters and maintains productive relationships, networks or alliances to meet goals and achieve results. Works together in situations when actions are interdependent and a team is mutually responsible to produce a result. Takes ideas different from own seriously; shares responsibility and collaborates with others; accepts criticism well; doesn't assume a single best way. Has an accurate picture of strengths and weaknesses and is willing to improve. Seeks out experiences that may change perspective or provide an opportunity to learn new things. Provides good role model for employees and keeps a positive attitude. Acts in accordance with stated values; follows through on promises; uses ethical considerations to guide decisions and actions.

Environmental/Work Schedules/Other
Requires travel minimum 30% of time.

Physical Requirements
Operates standard office equipment. Requires extended periods of computer use. Requires extended periods of sitting.

Licensing or Certificates
A current/valid drivers license is required.

Equal Employment Opportunity Statement
Travelers is an equal opportunity employer.