Business Center Business Insurance Account Executive/Underwriter

📌 Core Information

🔹 Job Title: Business Center Business Insurance Account Executive/Underwriter

🔹 Company: Travelers

🔹 Location: Centennial, Colorado, United States

🔹 Job Type: On-site

🔹 Category: Underwriting, Account Management

🔹 Date Posted: March 31, 2025

🔹 Experience Level: 2-5 years

🔹 Remote Status: On-site

📌 Essential Job Details

🚀 Job Overview

Key aspects of this role include:

• Partnering with agents and brokers to assess risk and provide appropriate insurance coverage
• Decisive underwriting to succeed within the middle market business center
• Fostering internal and external relationships to drive business results
• Contributing to the profitability and success of Travelers

ASSUMPTION: This role combines underwriting with account management, requiring expertise in both risk assessment and client relationship management for middle-market businesses.

📋 Key Responsibilities

✅ Manage the profitability, growth, and retention of an assigned book of business.

✅ Underwrite and skillfully negotiate customer accounts to minimize risk and maximize profitability.

✅ Cultivate and maintain relationships with internal partners within the business unit and across the enterprise.

✅ Foster relationships with external partners through seamless underwriting experiences and solutions.

✅ Identify new business opportunities using consultative marketing and sales skills.

✅ Support the execution of agency, region, and group sales plans.

✅ Perform other duties as assigned.

ASSUMPTION: Responsibilities emphasize both risk analysis and proactive client engagement to achieve sales and retention targets in a competitive insurance market.

🎯 Required Qualifications

Education: Bachelor’s degree

Experience: Three to five years of relevant underwriting experience

Required Skills:

• Underwriting expertise
• Strong communication skills
• Risk assessment capabilities

Preferred Skills:

• CPCU designation
• Consultative marketing and sales skills

ASSUMPTION: Preferred qualifications indicate a desire for candidates who not only meet the basic requirements but also bring specialized certifications and advanced sales abilities.

💰 Compensation & Benefits

Salary Range: $83,300.00 - $137,400.00 annually

Benefits:

• Health insurance coverage from day one
• 401(k) matching contributions and a funded Pension Plan
• Minimum of 20 days Paid Time Off, plus nine paid company holidays
• Wellness and mental health support programs
• Volunteer programs with matching gift rewards

Working Hours: 40 hours per week in an on-site arrangement

ASSUMPTION: The compensation reflects industry standards for experienced underwriting professionals in a competitive location like Centennial, Colorado. Benefits suggest a comprehensive support system for employees' well-being.

📌 Applicant Insights

🔍 Company Context

Industry: Insurance, focusing on property and casualty coverage

Company Size: 10,001+ employees, indicating a robust infrastructure and diverse opportunities

Founded: 1853, with a long-standing history of innovation in the insurance industry

Company Description:

• Industry leader with over 170 years of history
• Focus on customer satisfaction and community involvement
• Pioneer in offering diverse and innovative insurance products

Company Specialties:

• Insurance
• Risk management
• Customer service excellence

Company Website: http://www.travelers.com

ASSUMPTION: Travelers' extensive experience and industry position suggest stability, growth opportunities, and a strong reputation, beneficial for career progression.

📊 Role Analysis

Career Level: Mid-level, suitable for professionals with several years of experience

Reporting Structure: Likely reports to a senior manager or director within the underwriting department

Work Arrangement: Primarily on-site, emphasizing the importance of in-person collaboration

Growth Opportunities:

• Advancement to senior underwriting roles
• Opportunities for specialization within the company
• Cross-departmental moves for career diversity

ASSUMPTION: The role offers professional development and progression within a large, innovative company, appealing to those seeking long-term career growth.

🌍 Location & Work Environment

Office Type: Traditional office setting with modern amenities

Office Location(s): Centennial, Colorado

Geographic Context:

• Situated in a vibrant, business-friendly suburb of Denver
• Access to a diverse range of cultural and recreational activities
• Proximity to major transport routes facilitating easy commutes

Work Schedule: Standard 9-to-5 hours with possible flexibility based on company policy

ASSUMPTION: The location and work environment suggest a balance of professional engagement with accessible lifestyle options appealing to employees.

💼 Interview & Application Insights

Typical Process:

• Initial application through Travelers’ career portal
• Screening call with a recruiter
• Technical interview focusing on underwriting scenarios

Key Assessment Areas:

• Underwriting knowledge
• Critical thinking and problem-solving skills
• Interpersonal and communication abilities

Application Tips:

• Highlight relevant underwriting and negotiation experience
• Showcase any additional certifications like CPCU
• Demonstrate understanding of middle market insurance dynamics

ATS Keywords: Underwriting, Risk Assessment, Negotiation, Business Insurance, Communication Skills

ASSUMPTION: The application process is tailored to assess candidates' depth in underwriting expertise and their ability to manage client relations effectively.

🛠️ Tools & Technologies

• Insurance management software
• Risk assessment tools
• CRM systems for client relationship management

ASSUMPTION: The role utilizes sophisticated technology solutions to streamline underwriting processes and enhance client interactions, typical for roles in major insurance firms.

👔 Cultural Fit Considerations

Company Values:

• Innovation
• Community involvement
• Accountability

Work Style:

• Collaborative and team-oriented
• Emphasis on efficiency and results
• Encourages proactive and independent problem solving

Self-Assessment Questions:

• Am I comfortable working within a structured, corporate environment?
• Do I value innovation and community engagement in my workplace?
• Can I effectively manage diverse client relationships?

ASSUMPTION: The cultural fit highlights attributes that align with a stable yet dynamic environment, fostering both personal growth and community service.

⚠️ Potential Challenges

• Navigating complex underwriting scenarios
• Balancing relationship management with risk assessment
• Meeting sales and retention targets in a competitive market
• Maintaining compliance with ever-evolving industry regulations

ASSUMPTION: Challenges reflect the dynamic nature of the insurance market, where strategic decision-making and adept client management are critical.

📈 Similar Roles Comparison

• Roles in other insurance firms may not offer the same level of innovative product offerings
• Industry competitors might provide varying levels of client interaction intensity
• Workers at smaller companies may experience less extensive professional development support

ASSUMPTION: Role comparisons emphasize Travelers' strong industry position, comprehensive support, and innovative approach, setting it apart from competitors.

📝 Sample Projects

• Developing new underwriting strategies for emerging market segments
• Collaborating with sales teams to enhance cross-selling initiatives
• Implementing data-driven decision tools to streamline risk assessments

ASSUMPTION: Project examples reflect the strategic and innovative aspects of the role, showcasing opportunities for impactful contributions.

❓ Key Questions to Ask During Interview

• What does success look like for this role within the first six months?
• How does the company support ongoing professional development and industry certification?
• Can you describe your approach to maintaining compliance in such a dynamic regulatory environment?
• What are the key challenges currently faced by your underwriting team?
• How does Travelers foster innovation within its underwriting practices?

ASSUMPTION: Suggested questions are designed to provide insight into role expectations, personal development opportunities, and Travelers' broader strategic initiatives.

📌 Next Steps for Applicants

To apply for this position:

• Submit your application through Travelers Career Portal
• Ensure your resume highlights relevant underwriting experience
• Prepare for a scenario-based interview focusing on risk assessment
• Be ready to discuss past client relationship successes
• Ask informed questions regarding the team and company strategy

⚠️ This job description contains AI-assisted information. Details should be verified directly with the employer before making decisions.