Director, BI UW Standards & Practices
Company: Travelers Insurance
Location: Helena
Posted on: May 8, 2024
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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.
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
$120,100.00 - $198,100.00
Target Openings
1
What Is the Opportunity?
Works closely with Assistant Vice President, BI Underwriting
Standards & Practices, and other Underwriting leaders to influence
and execute underwriting standards and controls. Partners across
multiple business units for underwriting and/or compliance quality
assurance-related opportunities. Responsible for evaluating,
synthesizing, and communicating underwriting execution insights
across the organization. Drives and communicates sound control
strategies and underwriting standards in support of strong
underwriting quality, overall profitability, growth, and retention
of business while enhancing underwriting experience. Leverages
analytical intelligence to improve
underwriting execution. Oversees the management, development, and
execution of the underwriting controls and standards function for
Business Insurance.
Prior experience with Loss Sensitive Underwriting or Product is
required.
This position can be 100% remote.
What Will You Do?
Manage and participate in the development and execution of the
underwriting controls and standards function for Business
Insurance.
Design and deliver underwriting standards, practices, and tools in
alignment with individual transactional underwriting environment
for loss sensitive programs, supporting both portfolio and
individual risk underwriting practices, including controls, and
collaboration standards.
Oversee core quality assurance controls; ensure minimum standards
are adhered to and conducted in an objective, independent,
consistent, risk-based manner.
Collaborate with management, Underwriting Officers, and account
executives to ensure consistency in underwriting quality and
execution. Develop productive working relationships with business
partners and foster an environment of trust and mutual respect.
Assess the execution of underwriting controls and standards,
identify trends, determine the potential impact of any insufficient
execution, and recommend corrective actions to the business.
Utilize data and analytics to glean actionable insights. Prepare
reports in accordance with minimum standards and communicate
results to business partners. Design effective Corrective Action
Plans and monitor the execution and closure.
Work with business unit Chief Underwriting Officers to ensure that
the business' home office and field authority is property
structured, communicated, and managed in accordance with Enterprise
and BI underwriting standards and requirements.
Lead and participate in projects to continuously improve quality
assurance processes, technology, monitoring, analysis, and
communication of results.
Future opportunity to formally lead a quality review team.
Perform other duties as assigned.
What Will Our Ideal Candidate Have?
2+ years directly managing others; prior leadership experience
either by leading teams or directly managing others.
Extensive experience in commercial property casualty product and/or
underwriting.
Intermediate experience in Loss Sensitive products and services
Intermediate strategic thinking skills and demonstrates a
continuous improvement mindset.
Intermediate leadership, collaboration, influencing and change
management communication skills.
Intermediate organizational, analytics, critical thinking,
interpersonal, time management, verbal, and written communication
skills.
Knowledge of risk assessment, technology, and auditing
principles.
Underwriting and/or Product experience in Technology and/or Public
Sectors Services.
CPCU, AU, CIA, or other industry designation a plus.
What is a Must Have?
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, discounts and resources that empower you to achieve your
wellness goals and caregiving needs. In addition, our mental health
program provides access to free professional counseling services,
health coaching and other resources to support your daily life
needs.
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 Practices
Travelers 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.
In accordance with local law, candidates seeking employment in
Colorado are not required to disclose dates of attendance at or
graduation from educational institutions.
If you are a candidate and have specific questions regarding the
physical requirements of this role, please send us an email
(4-ESU@travelers.com) 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
http://careers.travelers.com/life-at-travelers/benefits/ .
Keywords: Travelers Insurance, Great Falls , Director, BI UW Standards & Practices, Executive , Helena, Montana
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