Underwriter for Material Damages and Business Interruption at MAPFRE Global Risks. Collaborating with local and international teams to address big clients' insurance needs in Spain.
About the role
- Associate Underwriting Officer managing underwriting strategy and execution in Excess & Surplus insurance. Collaborating with various teams to ensure compliance and quality in risk assessment activities.
Responsibilities
- Aid in assessing, recommending, and implementing underwriting strategies and practices in support of profit and growth objectives for assigned group.
- Support successful underwriting execution through individual risk and/or portfolio CUREs as well as through the evaluation of underwriter proficiency and underwriting quality.
- Contribute to the development of key underwriting capabilities and best practices through coaching and trainings while educating underwriters on strategy and guidelines to enhance efficiency and effectiveness for assigned group.
- Assist in monitoring trends, emerging issues, and underwriting results for assigned book of business.
- Partner with underwriting leadership to take action, as needed.
- May manage the profitability, growth, and retention of an assigned book of business.
- Perform other duties as assigned.
Requirements
- Bachelor’s degree.
- Six or more years of commercial underwriting experience with experience in Excess & Surplus underwriting.
- Knowledge of risk appetite and risk selection, Excess & Surplus lines products, as well as the regulatory environment and local insurance marketplace.
- 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 risk appetite.
- Strong interpersonal and communication skills with the ability to lead and influence others.
- CPCU designation.
- Five years of commercial underwriting experience.
Benefits
- 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.
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