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Residual Market Underwriter - Workers Compensation Insurance

Orlando, Florida

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

$48,200.00 - $79,600.00

Target Openings

3

What Is the Opportunity?

Under general supervision of an Assistant Operations Manager, Residual Markets Division (RMD). Accountable for underwriting and providing total account management (i.e., independently managing assigned book of business) through: Effective consultation and negotiation with Travelers management, NCCI, customers (policyholders), producers/brokers and internal support groups; Oversee and provide instructions to centralized support staff for assigned book (i.e. policy issuance and updates, correspondence to customers, policy maintenance activities); and act as coach and mentor to less seasoned staff members (i.e., work planning and organization, determining best approach to meet business objectives, etc.). Support overall RMD profit, expense management, and strategic goals. At this level, the incumbent is expected to perform the majority of the functions of the job independently, but may seek guidance on the more complex or unique cases. This job typically does not lead others.

Travelers offers a hybrid work location model that is designed to support flexibility.

What Will You Do?

  • Independently manage an assigned book of business including specialty coverage and complex accounts.
  • Evaluate risk information, exposure, and accurate premium through sound review, investigation, and analysis of all relevant information (i.e., claim histories, loss control/premium audit information, D&B records, websites, etc.).
  • Analyzes and confirms coverage of claims that meet specific conditions, such as accidents that occur outside the covered states or outside the policy term. Upon determination that no coverage exists, present the findings to our Underwriting Leads. Upon agreement from the Underwriting Leads, direct the Claim Rep to deny the claim based on no coverage.
  • Make sound underwriting/pricing decisions related to what we can and cannot do to achieve profit and expense management objectives.
  • Conduct research as necessary to confirm that all relevant information is correct, credible and appropriate to the account.
  • Consistently demonstrates efficient and timely task management practices; maximizes task management tools.
  • The assigned book of business has no premium size limit (ranging from $1,000 to multi-million dollar accounts), includes risks from any industry including: Construction, Service, Transportation, Manufacturing, Temporary/Leased Labor Contractors, Agriculture, Retail/Wholesale, Mining and specialty coverages such as Admiralty, USL&H and Coal Mines.
  • The assigned book of business may also include two or more of the 27 states serviced by RMD.
  • Provides account support, including processing cancellations, reinstatements and endorsements for Assigned Risk Workers Compensation policies.
  • Provides oversight of all financial results, including billing and delinquency oversight, maintains and proactively manages all financial aspects of an assignment, including directing Billing Ops Dept staff when to deviate from procedural guidelines.
  • Provides direction to offshore vendor staff responsible for Rate/Quote/Issue tasks and instructs staff when to deviate from procedural guidelines based on AMU discretion. Processes transactions in situations that fall outside of the offshore vendor procedures that call for exception handling or on complex accounts.
  • Proactively contact policyholders and producer/broker to resolve discrepancies identified through the underwriting process.
  • Manages the resolution of cases that cannot be resolved through the dispute process. Direct Audit staff when underwriting exceptions are to be made to resolve premium issues. Manage accounts that go through an administrative appeal process and represent company to plan administrators and state regulating authorities.
  • Interpret and apply 'best practice' guidelines/rules, with the authority to make appropriate decisions outside of these guidelines as necessary.
  • Minimize potential financial losses by executing appropriate premium and underwriting decisions.
  • Authority to endorse policies based on own underwriting discretion up to an additional $25,000 in premium. Discretionary endorsements exceeding $25,000 in additional premium are discussed in Collaborative Underwriting Meetings.
  • Consistently demonstrates efficient and timely task management practices; maximizes our task management tools.
  • Through direct customer contact, maximize account satisfaction by effectively evaluating the business, identifying solutions to potential problems, and collaborating with all levels within and outside of the organization.
  • Manage problems thorough understanding and negotiation of related matters.
  • Independently resolve problems that have potential to negatively affect RMD goals.
  • Present conclusions directly to producer/broker and customer.
  • Analyze and verify if policy contract affords coverage for indemnity claims meeting specific conditions.
  • The conditions that trigger the verification process include injuries occurring in a state that is not covered on the policy or states covered but no premium reported; endorsements restricting coverage; requests for benefits of a state not listed on the policy.
  • Communicate directly with Plan Administrators and state regulatory authorities on various premium and coverage issues, dispute resolutions, policyholder investigations and mitigation of potential underwriting issues.
  • Work closely with Travelers legal representatives on both premium and coverage litigation.
  • Perform other duties as assigned.

What Will Our Ideal Candidate Have?

  • Prefer 5 years experience in the insurance industry and experience dealing with customers directly.
  • Prefer general experience/knowledge of Workers Compensation insurance, Assigned Risk products and services, and Business/Commercial Insurance functions (i.e., Claim, Risk Control, Premium Audit, etc.).
  • Intermediate business knowledge.
  • Solid math skills.
  • Basic underwriting knowledge and exposure analysis skills.
  • Basic knowledge of claim coverage determination, and Assigned Risk Market products and services.
  • Solid knowledge and ability to communicate and clearly express ideas effectively both orally and in writing.
  • Listens to and understands what others are saying. Appropriately shares information and maintains confidentiality.
  • Solid customer service experience, including proactively initiating direct contact with customers.
  • Solid ability to identify customer needs and takes appropriate action to meet those needs.
  • Demonstrates commitment to appropriate level of service, including proactive contact and communication with customers to address and resolve issues.
  • Acts with a sense of urgency. Adapts style and approach to meet the customers needs.
  • Able to establish and maintain effective relationships.
  • Solid knowledge and ability to balance timeliness and accuracy requirements.
  • Ability to work independently and in a team environment.
  • Solid experience with planning, organizing, and managing own work.
  • Solid ability to provide direction/instructions to support staff.
  • Trains and guides less-experienced team members.
  • Working knowledge of workflow related to all support activities. Knowledge of related Business Insurance functions (i.e., Claim, Risk Control, Premium Audit, etc.).
  • Solid analytical and problem solving skills.
  • Is resourceful in solving problems.
  • Solid contributor to solutions and decision-making.
  • Able to develop new methods and/or approaches to achieving business objectives.
  • Able to effectively evaluate complex information and make the right decision.
  • Takes intelligent risks to accomplish business objectives.
  • Able to identify and resolve process deficiencies and quality control issues across the team and RMD organization.
  • Takes responsibility for own actions and decisions. Responsible for own development and performance.
  • None

What is a Must Have?

  • High school diploma or equivalent required.
  • Bachelor's degree or two year of work experience required.
  • Basic software skills required (Windows MS Office).

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 and resources that empower you to achieve your wellness goals. In addition, our Life Balance program provides access to professional counseling services, life coaching and other resources to support your daily life needs. Through Life Balance, you're eligible for five free counseling sessions with a licensed therapist.
  • 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. 


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/.


About Travelers

The Travelers Companies, Inc. (NYSE: TRV) is a leading property casualty insurer selling primarily through independent agents and brokers. The company's diverse business lines offer its global customers a wide range of coverage in the auto, home and business settings. A component of the Dow Jones Industrial Average, Travelers has more than 30,000 employees and generated revenues of approximately $25 billion in 2010.