The Travelers Companies, Inc.
Intern Conversion - BI UPDP - Blue Bell
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 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.
Job Description SummaryThe intent of this position is to provide our 2020 Business Insurance Summer Interns the ability to apply to our 2021 BI UPDP Full-time opportunities. Applications outside of this audience will not be considered at this time. However, for additional positions posted at a later date we encourage anyone who was not a Summer Intern between June 2020-August 2020 to apply at that time.
Under close supervision and as a participant in a structured training program, actively learns about underwriting philosophy, business unit products and strategies, negotiation, and relationship building. As a trainee, handles renewal business under direct supervision and moves to developing new business as skills advance. As knowledge increases and, under direct supervision, takes on less complex underwriting of individual accounts and eventually a territory. Seeks out opportunities to observe account analysis discussions with other underwriters and underwriting leaders. Takes initiative for their own development. The incumbent in this job does not manage others.
Primary Job Duties & Responsibilities
- Underwriting and Pricing:
- Under direct supervision, underwrites and assesses risk and makes recommendations for less complex accounts in a market segment.
- Distribution and Agency Management:
- Establishes effective relationships with customers, agents and brokers.
- Develops consultative sales and marketing skills through their interaction with agents/brokers and via coaching from their manager.
- Develops negotiation skills through their interaction with agents/brokers and via coaching from their manager.
- Executes Strategy and Drives Results:
- Develops planning and organization skills necessary to effectively manage desk and assume a territory.
- Business Planning and Collaboration:
- Effectively collaborates with others on all aspects of job.
- Understands the need to seek enterprise-wide solutions to business problems.
- Leading Self:
- Takes initiative for personal development and seeks to learn through underwriting, marketing, and other related opportunities.
- Other duties as assigned.
- Bachelor degree or one year of applicable business experience required.
Education, Work Experience, & Knowledge
- Entry level position.
- Educational background/ coursework in Business Administration/ Management, Finance/Accounting, Economics, Mathematics/Science, Sales/Marketing/Communications preferred.
- Industry/Business Knowledge
- Demonstrates an ability, desire, and intellectual curiosity to learn the business.
Licensing or Certificates
- Valid drivers license or alternate means of personal transportation.
Job Specific Technical Skills & Competencies
- Business Perspective: Uses knowledge of internal and external factors impacting the property & casualty industry to make decisions.
- Analytical Thinking/Financial Acumen: Identifies current or future problems or opportunities, analyzes, synthesizes and compares information to understand issues, identifies cause/effect relationships and explores alternative solutions to support sound decision making.
- Understands and uses financial information, tools and expense management principles to accomplish day-to-day work and maximize profitability.
- Relationship Management: Seeks out, builds, fosters and maintains productive relationships, networks or alliances to meet goals and achieve results.
Environmental / Work Schedules / Other
- Operates standard office equipment (Continuously)
- Sitting (can stand at will) (Frequently)
- Use of Keyboards, Sporadic 10-Key (Frequently)
- Driving (Occasionally)
Travelers 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.
If you have 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.