Travelers Vice President, Practice Leader - Oil & Gas in Boston, Massachusetts
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 Summary
The incumbent is responsible for managing the underwriting, growth and profitability of a specialized line of insurance or industry segment globally through the development and management of profit strategies consistent with Middle Market objectives. Other responsibilities include implementation of underwriting execution where specialization is critical, and to create distribution, profit and growth strategies for the line or industry in conjunction with Field leadership. Responsible for effective collaboration with field and Middle Market leadership team to achieve Business Insurance objectives.
Primary Job Duties & Responsibilities
Strategy and Business Results:
In partnership with field leadership develops strategic business plans and sets annual plan targets that optimize product integration and cross-sell
Works closely with international resources to establish and execute on international strategies
Track and monitor field execution for the line or industry; works with field leadership to establish and adjust execution strategies on an ongoing basis
Underwriting and Pricing:
Help to define underwriting appetite utilizing specialized expertise as well as product and coverage needs across all customer sizes and countries
Maintains appropriate specialization and awareness of industry trends by attending specialized trade forums, industry boards or bureaus - all efforts coordinated with business leadership
Jointly accountable with field leadership for the results of the line's most complex, at risk or hard to close deals as needed.
Influences product strategy for designed line/industry segment.
Participate in Portfolio CUREs, assessment of the line/industry, strategic direction
Assists in obtaining corporate support for underwriting differences required in assigned jurisdictions.
Has an active and collaborative partnership with HR around recruiting plans and staff development to attract and retain top talent. Works closely with leaders on developing bench strength for all key positions.
Staff management functions include, but not limited to, coaching, training, planning and performance management in a supportive, team oriented, collaborative manner.
Shares talent management responsibilities with the BI FVP and other Enterprise leaders for the benefit of the organization.
Builds and maintains valued internal business partnerships within Business Insurance, the Enterprise, and external constituencies as appropriate.
- May engage key distribution specialists directly on the line or industry on behalf of Travelers.
12 years of underwriting experience required.
People leadership experience required.
Education, Work Experience, & Knowledge
15+ years of Property & Casualty underwriting experience preferred.
Bachelor's, MBA or Master's degree preferred.
Comprehensive knowledge and mastery of business line strategy including underwriting, pricing, operations, finance and product development.
CPCU designation preferred.
Advanced level of technical and industry expertise on the line or industry.
Demonstrated track record of strong execution and ability to drive results.
Demonstrated ability to set broad strategic direction for a large or complex portion of the business.
Advanced ability to communicate, influence and negotiate, lead by example, and make complex decisions that impact all of Business Insurance.
Proven ability to lead enterprise level change and operate strategically in a complex, matrix organization structure.
Experience leading and developing people, and driving optimal results through diverse teams at varying levels.
Environmental / Work Schedules / Other
- Travel Requirements: Travel 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 are a candidate and have specific questions regarding the physical requirements of this role, please send us an email (4-ESU@travelers.com) 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.
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