AVP, Travelers Residual Markets

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 Category

Underwriting

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

$129,200.00 - $213,200.00

Target Openings

1

What Is the Opportunity?

Provides oversight to the Workers' Compensation residual market team as well as to service centers efforts to cost-effectively maximize performance of the business it services while meeting the statutory and contractual requirements of the WC residual market Plans. Responsible for keeping Travelers Residual Markets (TRM) up-to-date regarding statutory and regulatory changes affecting contracts serviced by TRM. Responsible for providing strong leadership by developing and executing effective business planning in support of the TRM business objectives. Participates as an active member of the TRM leadership team through direct span of control assignments as well as all other activities across TRM.

What Will You Do?

Provide leadership and direction, establish objectives, monitor results and oversee the training, development, motivation, and staff for the following TRM functions:

Underwriting & Performance Standards:

• Guide development and coordination of all commitments to service levels contained within TRM business proposals.
• Collaborate with TRM business partners to obtain necessary internal service commitments and proposal detail.
• Build and leverage effective alliances with TRM business partners in Underwriting, Premium Audit, Risk Control and Claim to promote understanding of compliance and to ensure these areas meet their service level commitments on TRM business.
• Identify new laws and regulations that have a service compliance impact on TRM and disseminate to appropriate functional areas.
• Develop new procedures as necessary.
• Manage audits of service performance conducted by external parties on TRM serviced business.
• Oversee activities designed to keep the audit on track, meeting objectives within specified time frames, and evaluating results.
• Provide accurate and timely reporting to TRM management at all levels regarding department levels of performance with business requirements.
• Make recommendations for remedial or strategic changes that are necessary where discrepancies are revealed.

Business Solutions:

• Oversee the demand management process and systems changes for policy decisions (RQI), TravStation (transaction manager), Doc Station (form letter repository) and Reporting Database to ensure system changes are delivered timely and accurately.
• Partner with IT to simplify TRM legacy system footprint.
• Streamline the use of AT2 assets so that they seamlessly support workflows.
• Participate as an active member of the TRM leadership team in developing and promoting the reputation of TRM in the marketplace by strategically serving on industry committees, contributing to marketing presentations, and cultivating available networking opportunities.
• Provide input and guidance to TRM service operations in the development of training materials that are related to underwriting, performance, fraud and claim coverage investigation activities.
• Perform other duties as assigned.

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What Will Our Ideal Candidate Have?

• College degree and/or extensive prior work experience in a related field such as underwriting, claim or law enforcement is preferred.
• Expert knowledge of Workers' Compensation products.
• Familiarity with WC underwriting practices.
• Working knowledge of financial analysis.
• Computer literate, especially with regard to claim, underwriting, premium audit systems, and Microsoft Office products; internet proficient.
• Makes effective and persuasive oral (e.g. one-on-one, group, etc.) and written presentations.
• Able to present subjects clearly to both technic