Director - Assistant Risk Manager

Who Are We?

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.

Compensation Overview

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.

Salary Range

$87,400.00 - $144,400.00

Target Openings

1

What Is the Opportunity?

Under general direction of AVP-Assistant Risk Manager of Corporate Insurance and Risk Management, takes a lead or assisting role in certain aspects of risk avoidance, reduction, retention and transfer action, selection and implementation.

What Will You Do?

• Involved in most aspects of placements of insurance coverage for corporate real estate program and placement of certain other property/casualty insurance programs. Includes completing or updating applications and questionnaires, updating exposure summaries, responding to underwriter questions, and obtaining input on coverage terms, forms and rates from appropriate resources.
• Reporting and oversight of real estate investment property claims as well as monitoring or involvement on corporate casualty claims involving litigation, or nonstandard allegations. Works with Legal and local property managers as needed. May involve claims for other lines of coverage as needed.
• Assist manager in contract work including servicing questions regarding insurance provisions for contracts with corporate vendors/contractors, corporate lease agreements, real estate investment management agreements, tenant lease agreements and real estate investment acquisition or joint venture agreements.
• Assists in various aspects of certain corporate executive/professional liability insurance programs including participating in strategy and market meetings, and gathering current information and responses for draft renewal applications.
• Can take a lead role in the pursuit of claims under certain corporate insurance programs, including the administrative aspects of proper recordkeeping on insurance claims.
• Reviews insurer risk control or engineering reports on investment property sites and forwards recommendations to asset manager for review and comment – highlighting and monitoring the responses for any critical recommendations.
• Acts as an intermediary, representing the company in the insurance marketplace on certain lines of corporate insurance.
• Assists the manager with insurance and risk management questions and issues, both simple and complex and with issues related to corporate insurance within contracts.
• May be involved in tracking corporate insurance placements by foreign units of the company and supports local marketing efforts where needed.
• Can be assigned by manager to take a lead role in various projects, including representing the department in company-wide initiatives or external activities.
• Keeps manager aware of issues of interest related to the above, and makes recommendations for action as appropriate.
• Insurance policy review (i.e., is executed policy what we agreed to).
• Claim tendering, related administration, and negotiation.
• Perform other duties as assigned.

What Will Our Ideal Candidate Have?

• A background within the company for knowledge of operations, history and resources, however qualified external applicants are welcomed.
• Comfort with public speaking internally/externally.
• Ten or more years of insurance industry experience.
• Knowledge of the claim process including legal aspects
• No required licenses/certificates. Insurance agent’s license may be beneficial for possible internal placements.

What is a Must Have?

• Undergraduate degree
• A thorough understanding of commercial insurance coverages, particularly property and casualty lines of coverage. This understanding may be a result of prior experience in underwriting, claim or brokerage duties.
• Ability to summarize complex coverage issues or program structures into understandable summaries; both written or verbal.
• Must be comfortable seeking resources within the company as appropriate.
• Must be comfortable with either taking lead on, or participating in, unplanned projects that may not be familiar or within a set comfort zone.

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 Practices

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.

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/.