Cyber Underwriter Job - (hartford, connecticut) in Hartford, Connecticut For Sale
Job Opening IDxxxxBR
TitleCyber Underwriter
CountryUS
State/Region/ProvinceCT
CityHartford
Job CategoryUnderwriting
Position TypeExperienced/Professional
Company InformationSolid reputation, passionate people and endless opportunities. Thats 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 is looking for an Underwriting Manager to be a part of its Cyber Liability central underwriting team. The Underwriter Manager must have experience in underwriting Cyber/Privacy insurance coverage and an understanding of the Cyber insurance market. This position will report directly to the Cyber Risk Product Manager.
The Underwriting Manager will contribute to the success of the Bond and Specialty Insurance division by understanding and underwriting Cyber exposures, focusing on the brokerage community, and being a dedicated resource to the Cyber brokers. In addition to managing the Cyber book for the centralized Cyber underwriting team, the Underwriting Manager will be involved in setting coverage and strategy terms for this segment of the market. The Underwriting Manager will also act as a reference for our Field underwriting organization and be the market:facing presence for Travelers in the Cyber/Privacy insurance market.
Primary Job Duties and ResponsibilitiesRESPONSIBILITIES UNDERWRITING 1. Underwrite and assess risk for Bond and Financial Products and accounts in a Business Unit. Make appropriate decisions within own underwriting authority and make appropriate recommendations to referral Underwriter. 2. Underwrite most complex/demanding accounts and risks and consider different approaches toward risks to maximize profitability (e.g., pricing, retention, endorsements, limits, indemnity, and security) by considering all factors related to the account. 3. Within authority limit, make timely and prudent decisions consistent with Bond and Financial Products Business Unit requirements and standards and within submission timeframe. 4. Understand and communicate segment strategies to the field. Execute strategies on their accounts to produce budgeted results. Actively seek feedback regarding strategies and work with the field to take actions necessary to address issues. 5. Portfolio Management : Continuously manage portfolio of business (maintain quality of business required by Business Unit strategy). 6. Accountable for accurate underwriting documentation/ information in account management systems and adherence to documentation standards. Monitors and reports on finding for the field. 7. Act as the Hub or industry/subject resident expert. 8. As the referral Underwriter, assure that policies and accounts are effectively underwritten, handled and documented in compliance with Business Unit and regulatory standards and requirements. RESPONSIBILITIES SALES MANAGEMENT 1. Act as a partner with the Field to review sales plans and determine appropriate levels of Home Office visibility to support producer relationships. Work strategically and tactically with producers to ensure appropriate level of understanding of company goals and objectives. 2. May participate with Field on account specific direct sales efforts to influence the outcome of the sale. 3. Partner with the Field Office on sensitive account specific communication and participate in the communication if necessary. 4. Support and encourage cross sell opportunities within Bond and Financial Products and Travelers. 5. Participate in producer and industry functions to increase visibility in the marketplace, network with key players in the territory and industry, and increase knowledge of the industry. 6. Producer and account interaction focuses on meeting customer expectations regarding resp
Source: http://www.tiptopjob.com/jobs/xxxxxxxx_job.asp?source=backpage