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Underwriting Assistant, Business Insurance - St. Paul, MN

Learn more about Travelers
Travelers

Travelers

Underwriting Assistant, Business Insurance - St. Paul, MN

Saint Paul, MN
Full Time
Paid
  • Responsibilities

    This individual is recognized as knowledgable in the following areas:

    • Business Unit Specific Product lines and coverage
    • Knowledge of underwriting support processes, procedures, and workflow
    • Awareness of local Business Unit Strategy
    • Travelers' applications/systems
    • Rating/pricing methodologies and tools

    In this job you will:

    • Manage relationships with Account Executives, agents, Managing General Agents (MGAs), as well as peers and business partners (may include agency visits)
    • Actively participate in meetings
    • Negotiate and resolve conflicting priorities
    • Partner with Account Executives/Underwriters to establish support needs for renewals and/or new business policies (i.e., identify/gather relevant account information to quote and/or bind the policy; create exhibits, etc.)
    • Prepare documents and participate in pre-renewal meetings
    • Prepare underwriting/pricing exhibits (i.e., exposures, experience rating, profit and loss analysis, expense models, updated account information, etc.)
    • Manage account documentation (i.e., proposals, agreement letters, reinsurance contracts, collateral agreements, policy change, endorsements, cancellations, etc.)
    • Ensure accurate and timely servicing and billing of accounts
    • Communicate with brokers/agencies, MGAs, and internal departments (i.e., research and resolve issues, respond to inquiries and questions)
    • Quote account's by reviewing exposures and experience rating, updating account information, rates and adjust the price, as requested
    • May complete renewals based on formal guidelines, commonly referred to as Letter of Authority
    • Provide information for regulatory compliance (i.e., statutory filings, proof of insurance, certificates)
    • Participate in projects/assignments as requested
  • Qualifications
    • Associate's degree or one year of work experience required
    • Basic software skills required (Windows MS Office)
    • Bachelor's Degree preferred
    • Two or more years of insurance experience related to rate, quote, and issuance of P&C Insurance is preferred

    Technical Skills & Competencies:

    • Demonstrates all necessary technical skills needed to perform the role
    • Demonstrates the ability to act promptly in difficult situations, acts with a sense of urgency. and is able to take responsibility
    • Able to meet standards set by the manager and able to set high standards for self
    • Able to take the steps necessary to improve both personal and team performance
    • Demonstrates the ability to break down problems
    • Able to understand basic relationships of activities performed
    • Demonstrates the ability to apply knowledge to solve issues and is able to break down complex tasks
    • Able to be decisive in all situations
    • Able to think to the future (4 months ahead) to identify or eliminate potential issues in the renewal and account workflow
    • Actively attempts to influence events to achieve goals
    • Demonstrates the ability to positively reinforce team members and enhance camaraderie among team members
    • Able to genuinely value and digest others' input and willing to learn from others
    • Demonstrates the ability to communicate clearly and express self well in groups and one on one conversations
    • Able to use examples to make a point
    • Able to actively engage others
    • Able to explain reasons for decisions or actions in depth
    • Demonstrates the ability to apply guidelines appropriately
    • Able to adapt to a variety of situations
    • Understands the best approach to take for various situations and able to adapt rapidly to change
    • Demonstrates the ability to perform in a business professional manner with a positive attitude
    • Demonstrates the ability and drive to seek development opportunities
    • Takes complete ownership for role responsibilities
    • Able to function independently
    • Demonstrates the ability to plan ahead for peak volume periods
  • Compensation
    Competitive Salary
  • Benefits

    Comprehensive Benefits Package

  • Industry
    Insurance
  • Fun Fact
    Our Claims professionals have access to FAA certified drone pilot training!
  • About Us
    The Travelers Companies, Inc. is a leading provider of property casualty insurance for auto, home, and business. Travelers prides themselves on helping customers manage risk before a claim occurs — and responding with speed, professionalism, and compassion when claims do happen. Through challenging work in a fast-paced atmosphere, they provide student and graduates with a rewarding experience that will keep them moving.