Sr. Technology & Life Sciences Loss Sensitive Underwriter, Account Executive Officer
Company: The Travelers Companies Inc.
Location: Chicago
Posted on: May 6, 2025
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Job Description:
Who Are We?Taking care of our customers, our communities and
each other. Thats 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.Compensation OverviewThe 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$106,300.00 - $175,400.00Target Openings1What Is the
Opportunity?Technology & Life Sciences offers a wide array of
products to technology software and service providers, electronics
manufacturing companies as well as medical technology and
pharmaceutical companies. As the Loss Sensitive Account Executive
Officer (AEO), you will partner with agents, brokers and customers
to provide loss sensitive coverage for new and renewal business
based on customers' needs. This role is seen as a technical
resource. As an AEO, you are decisive, detail-oriented, and know
how to build relationships internally and externally to drive
results. Your ability to independently assess complex risk and sell
our products in challenging markets will contribute to the
profitability and success of Travelers.What Will You Do?Manage the
profitability, growth, and retention of an assigned book of
business.Underwrite and skillfully negotiate complex customer
accounts to minimize risk and maximize profitability.Cultivate and
maintain relationships with internal partners within the business
unit and across the enterprise to create sales plans and identify
cross-selling opportunities.Foster and maintain relationships with
external partners by regularly meeting in person with agents and
brokers to market and sell Travelers products with a goal of
writing and retaining accounts consistent with our risk appetite.
Must be able to travel to such meetings.Identify and capture new
business opportunities using consultative marketing and sales
skills.Independently develop and execute agency sales plans and
frequently partner with your Managing Director (MD) to develop
region/group sales plans.May assist in the training and mentoring
of less experienced Account Executives.Perform other duties as
assigned.What Will Our Ideal Candidate Have?Bachelors degree.Six to
eight years of relevant underwriting experience with experience in
commercial lines.Deep knowledge of commercial lines products, the
regulatory environment, and the local insurance market.Strong
critical thinking skills with the ability to proactively identify
underwriting, marketing, or financial challenges and analyze
available information to make timely decisions in alignment with
our risk appetite.Excellent communication skills with the ability
to successfully negotiate in difficult situations with agents and
brokers.CPCU designation.What is a Must Have?Four years of
underwriting experience.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
PracticesTravelers is an equal opportunity employer. We value the
unique abilities and talents each individual brings to our
organization and recognize that we benefit in numerous ways from
our differences.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 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/.0by
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Keywords: The Travelers Companies Inc., Chicago , Sr. Technology & Life Sciences Loss Sensitive Underwriter, Account Executive Officer, IT / Software / Systems , Chicago, Illinois
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