Managing Director, Construction - Middle Market at The Travelers Indemnity Company
Pittsburgh, PA 15201
About the Job
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.Job CategoryUnderwritingCompensation OverviewThe 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$142,600.00 - $235,400.00Target Openings1What Is the Opportunity?Construction provides a full suite of insurance solutions suited to construction contractors of all sizes, including General Liability, Property, Marine, Automobile, Workers' Compensation, Umbrella, and more
The Managing Director (MD), Construction oversees a team of underwriters who partner with agents and brokers to provide coverage for new and renewal business based on customers' needs
As an MD, you are strategic, decisive, detail-oriented, and know how to build relationships internally and externally to drive results
Your ability to lead others in independently assessing complex risk and sell our products in challenging markets will contribute to the profitability and success of Travelers.What Will You Do?Manage the profitability, growth, and retention of business within a location or region.Partner with RVP to develop and implement business strategies to effectively achieve profit and growth objectives.Effectively manage local strategies, objectives and tactics concerning relationships with brokers and agencies.Underwrite and skillfully negotiate the most complex, at-risk, or hard-to-close deals.Cultivate and maintain relationships with internal partners within the business unit and across the enterprise to create sales strategies and identify cross-selling opportunities.Regularly meet in person with agents and brokers and have the ability to travel to these meetings.Provide strategic direction and support for team and take responsibility for coaching, training, and performance management.Perform other duties as assigned.What Will Our Ideal Candidate Have?Bachelor’s degree.Eight to ten years of relevant underwriting experience with experience in construction risk or oil and gas.Experience leading or managing others.Prior management of a field location.Expert level knowledge of construction risk or oil and gas products, the regulatory environment, and the local insurance market.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 our risk appetite.Excellent communication skills with the ability to successfully negotiate in difficult situations with agents and brokers.CPCU designation.What is a Must Have?Six years of underwriting experience.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 PracticesTravelers is an equal opportunity employer
We believe that we can deliver the very best products and services when our workforce reflects the diverse customers and communities we serve
We are committed to recruiting, retaining and developing the diverse talent of all of our employees and fostering an inclusive workplace, where we celebrate differences, promote belonging, and work together to deliver extraordinary results. 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 .SummaryLocation: PA - Pittsburgh; PA - Blue Bell; MI - Grand Rapids; PA - Wyomissing; MI - Troy; KY - Louisville; IN - Indianapolis; OH - IndependenceType: Full time
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 CategoryUnderwritingCompensation OverviewThe 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$142,600.00 - $235,400.00Target Openings1What Is the Opportunity?Construction provides a full suite of insurance solutions suited to construction contractors of all sizes, including General Liability, Property, Marine, Automobile, Workers' Compensation, Umbrella, and more
The Managing Director (MD), Construction oversees a team of underwriters who partner with agents and brokers to provide coverage for new and renewal business based on customers' needs
As an MD, you are strategic, decisive, detail-oriented, and know how to build relationships internally and externally to drive results
Your ability to lead others in independently assessing complex risk and sell our products in challenging markets will contribute to the profitability and success of Travelers.What Will You Do?Manage the profitability, growth, and retention of business within a location or region.Partner with RVP to develop and implement business strategies to effectively achieve profit and growth objectives.Effectively manage local strategies, objectives and tactics concerning relationships with brokers and agencies.Underwrite and skillfully negotiate the most complex, at-risk, or hard-to-close deals.Cultivate and maintain relationships with internal partners within the business unit and across the enterprise to create sales strategies and identify cross-selling opportunities.Regularly meet in person with agents and brokers and have the ability to travel to these meetings.Provide strategic direction and support for team and take responsibility for coaching, training, and performance management.Perform other duties as assigned.What Will Our Ideal Candidate Have?Bachelor’s degree.Eight to ten years of relevant underwriting experience with experience in construction risk or oil and gas.Experience leading or managing others.Prior management of a field location.Expert level knowledge of construction risk or oil and gas products, the regulatory environment, and the local insurance market.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 our risk appetite.Excellent communication skills with the ability to successfully negotiate in difficult situations with agents and brokers.CPCU designation.What is a Must Have?Six years of underwriting experience.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 PracticesTravelers is an equal opportunity employer
We believe that we can deliver the very best products and services when our workforce reflects the diverse customers and communities we serve
We are committed to recruiting, retaining and developing the diverse talent of all of our employees and fostering an inclusive workplace, where we celebrate differences, promote belonging, and work together to deliver extraordinary results. 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 .SummaryLocation: PA - Pittsburgh; PA - Blue Bell; MI - Grand Rapids; PA - Wyomissing; MI - Troy; KY - Louisville; IN - Indianapolis; OH - IndependenceType: Full time
