Underwriting Director - Construction Surety

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Taking care of our customers, our communities and each other. That’s 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 170 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.

Underwriting

The 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.

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Travelers is seeking a collaborative and analytical individual with underwriting expertise to join the Construction Surety Home Office Underwriting team. This dynamic group is responsible for partnering with our underwriting Field organization to evaluate and manage complex risks, ensure compliance with company policies and underwriting guidelines, and support business strategies through detailed financial and contractual analysis. The Construction Surety team works with the Field organization to underwrite large surety programs and bonds, providing value to contractors while building and sustaining strong relationships with both contractors and producers.

As an Underwriting Director, Construction Surety, you possess expert underwriting knowledge and will independently partner with the Field and Home Office organizations to drive and influence the execution of business unit strategy. By leveraging your expertise to educate underwriters, lead over-authority reviews, and drive the successful execution of underwriting strategies, you will influence the overall profitability, growth, and retention of business for assigned regions.

• Execute and help develop underwriting strategies and practices in support of profitable growth objectives in partnership with the Construction Surety Field organization.
• Drive the profitable growth and retention of a book of business of increasing complexity through meticulous risk/financial analysis, contract reviews, collaboration with strategic support units, and sound decision making.
• Meet with Field partners, key distributors, and customers/insureds to foster relationships and engage in meaningful dialogue, both in person and virtually, to influence successful business outcomes. Develop value propositions for clients/agents.
• Lead collaborative underwriting execution and risk mitigation through individual risk over-authority reviews as well as through the evaluation of underwriting integrity.
• Identify and strengthen key underwriting capabilities through coaching and/or trainings while educating underwriters nationwide on strategy to enhance efficiency and effectiveness.
• Monitor trends, emerging issues, and regional underwriting results for the Construction Surety book of business and partner with underwriting leadership to address findings.
• Lead and collaborate with cross-functional teams to contribute to and drive progress in key projects and assignments. Serve as a Construction Surety subject matter expert with other business units and enterprise partners, as appropriate.
• Perform other duties as assigned.

• Bachelor’s degree.
• Eight or more years of underwriting experience with the construction surety sector.
• Expert knowledge of risk appetite and risk selection, Construction Surety products, and industry trends.
• Expertise in analyzing and synthesizing complex information to make well-informed underwriting decisions.
• Ability to manage multiple complex priorities and projects simultaneously while maintaining high levels of accuracy and efficiency.
• Strong interpersonal and communication skills with the ability to…