Underwriting Officer- Ocean Marine Cargo

Travelers • New York City, NY

2d

About The Position

Ocean Marine specializes in ocean cargo, marine liabilities, hull and protection indemnity, and yacht coverage for small and mid-size businesses. As an Underwriting Officer, Ocean Marine, you are an underwriting subject matter expert and integral member of a field leadership team. By leveraging your expertise to educate underwriters, lead Collaborative Underwriting Review Evaluations (CUREs), and drive the development and successful execution of underwriting strategies, you will influence the overall profitability, growth, and retention of business for an assigned region.

Requirements

• Six years of commercial underwriting experience.

Nice To Haves

• Bachelor’s degree.
• Eight or more years of commercial underwriting experience with experience in Ocean Marine.
• Expert level knowledge of risk appetite and risk selection, Ocean Marine products, as well as the regulatory environment and local insurance marketplace.
• Strong critical thinking skills with the ability to proactively identify underwriting and financial challenges and analyze available information to make timely decisions in alignment with risk appetite.
• Strong interpersonal and communication skills with the ability to lead and influence others.

Responsibilities

• As an underwriting subject matter expert, assess, design, implement, and/or lead regional underwriting strategies and practices in support of profit and growth objectives.
• Oversee and influence underwriting execution through individual risk and/or portfolio CUREs as well as through the evaluation of underwriter proficiency and underwriting quality.
• Drive the development of key underwriting capabilities and best practices through coaching and trainings while educating underwriters on strategy and guidelines to enhance regional efficiency and effectiveness.
• Monitor trends, emerging issues, and underwriting results for regional book of business and partner with underwriting leadership to take action, as needed.
• Perform other duties as assigned.

Benefits

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level