Loss Sensitive Construction Underwriter, Account Executive Officer
Are you a highly skilled and experienced underwriting professional looking for a new challenge? Do you have a passion for the construction industry and a strong understanding of loss sensitivity? Travelers is seeking a motivated and dynamic individual to join our team as a Loss Sensitive Construction Underwriter, Account Executive Officer. In this role, you will have the opportunity to utilize your expertise to develop and maintain relationships with key clients in the construction sector. We are looking for someone with a proven track record of success and a strong ability to assess risk and make informed underwriting decisions. If you are a proactive and results-driven individual with a passion for the insurance industry, we want to hear from you!
- Develop and maintain relationships with key clients in the construction sector.
- Utilize expertise and knowledge of loss sensitivity to make informed underwriting decisions.
- Assess risk and determine appropriate coverage and pricing for accounts.
- Collaborate with team members to develop and implement underwriting strategies.
- Maintain a thorough understanding of industry trends and market conditions.
- Proactively identify and pursue new business opportunities.
- Conduct client meetings and presentations to promote services and build business partnerships.
- Stay up-to-date on company products and services to effectively communicate with clients.
- Monitor and analyze data to evaluate performance and identify areas for improvement.
- Ensure compliance with company policies, procedures, and regulatory requirements.
- Mentor and train junior underwriting staff.
- Represent the company in a professional and ethical manner at all times.
- Act as a subject matter expert and provide guidance and support to team members.
- Collaborate with other departments to ensure a seamless and efficient underwriting process.
- Stay informed about changes and updates in the construction industry that may impact underwriting decisions.
- Meet and exceed performance goals and targets set by the company.
- Identify and implement process improvements to increase efficiency and effectiveness.
- Attend industry events and conferences to network and stay updated on industry developments.
- Maintain accurate and detailed records of all underwriting activities.
- Provide exceptional customer service to clients and address any concerns or issues in a timely and professional manner.
Extensive Knowledge Of Construction Industry: A Qualified Candidate Should Have A Thorough Understanding Of The Construction Industry, Including Industry Trends, Risks, And Regulations. This Knowledge Will Be Essential In Assessing And Managing Risk For Construction Projects.
Strong Analytical And Risk Assessment Skills: A Loss Sensitive Construction Underwriter Must Possess Strong Analytical Skills To Evaluate Complex Construction Risks And Determine Appropriate Coverage And Pricing. They Must Also Have The Ability To Accurately Assess Potential Losses And Develop Effective Risk Management Strategies.
Experience In Underwriting Loss Sensitive Programs: The Ideal Candidate Should Have Previous Experience Underwriting Loss Sensitive Programs, Specifically In The Construction Industry. This Experience Will Demonstrate Their Ability To Manage Complex Risks And Negotiate Coverage Terms With Clients.
Excellent Communication And Customer Service Skills: As An Account Executive Officer, Effective Communication And Customer Service Skills Are Essential. The Candidate Must Be Able To Build And Maintain Relationships With Clients, Brokers, And Internal Teams, And Effectively Communicate Complex Insurance Concepts To Non-Insurance Professionals.
Strong Financial Acumen: A Loss Sensitive Construction Underwriter Should Have A Solid Understanding Of Financial Principles And The Ability To Analyze Financial Statements To Assess The Financial Stability Of Potential Clients. This Knowledge Is Crucial In Determining The Appropriate Coverage Limits And Pricing For Each Project.
Financial Analysis
Negotiation skills
Relationship Management
Claims Management
Pricing strategy
Risk assessment
Contract analysis
Contract review
Market intelligence
Loss mitigation
Risk
Policy Review
Communication
Conflict Resolution
Emotional Intelligence
Leadership
Time management
creativity
Teamwork
Adaptability
Problem-Solving
Decision-making
According to JobzMall, the average salary range for a Loss Sensitive Construction Underwriter, Account Executive Officer in Chicago, IL, USA is $95,000 - $120,000 per year. This can vary depending on the specific company, level of experience, and other factors such as bonuses and benefits.
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The Travelers Companies, Inc., commonly known as Travelers, is an American insurance company. It is the second-largest writer of U.S. commercial property casualty insurance, and the sixth-largest writer of U.S. personal insurance through independent agents.
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