FREE ACCESS
5,000–10,000 jobs/day
See all jobs on JobTailor
Search thousands of fresh jobs every day.
Discover
- Fresh listings
- Fast filters
- No subscription required
Create a free account and start exploring right away.
Underwriting Product Development Specialist
TravelersProduct Development Specialist joining Travelers' Wordings & Product team to support technical product development and enhance business insurance offerings. Engaging with various stakeholders to refine and create customer-centric insurance products.
Core Competencies
Role fitCore Competencies
Use this summary to align your resume positioning with the role.
Demonstrates expertise in insurance underwriting, with a strong focus on Business Insurance products and the ability to develop and implement technical product strategies. Proficient in stakeholder management, communication, and drafting technical materials to support product development.
Highest-signal resume keywords
Insurance Underwriting ExperienceBusiness Insurance Products KnowledgeACII QualificationsFinancial AcumenTechnical Product Development
ATS Keywords
Tailor your resumeApplicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills
Underwriting Parameters DevelopmentRisk SelectionCritical ThinkingAnalytical ThinkingProduct Configuration
Soft Skills
Verbal CommunicationWritten CommunicationOrganisational SkillsStakeholder ManagementPresentation Skills
Tools & Technologies
Microsoft WordMicrosoft ExcelMicrosoft PowerPoint
Certifications & Qualifications
ACII
Industry Keywords
Insurance FinancialsRegulatory EnvironmentCustomer CentricityTechnical CollateralsProduct Underwriter Training
About the role
Key responsibilities & impact- Support the Technical Product development for new or updated products, working closely with the Subject Matter Expert (Portfolio/Product Manager, Managing/Senior Underwriter).
- Deliver the following, within agreed timelines, for new/updated products: Underwriting: development of appropriate appetite, underwriting parameters including capacity deployment, line size, new and renewal program rules, question sets, ensure reinsurance cover alignment, and, risk survey parameters for product lines or industries.
- Wordings: using customer research completed by the Propositions and SMEs team, design the scope of wording (e.g. necessary extensions, conditions, exclusions). Once Wordings team has drafted the full wording, ensure these are robust, customer centric, and align with underwriting methodology and systems.
- Product supporting materials: Draft Technical Collaterals (i.e. Product UW guides/guidance/bulletins) and update as part of the product development process. Draft technical product underwriter training. Prepare collaterals to support the review and agreement of aspects of the technical product development process noted above.
- Technology: provide technical consultation on the design and implementation process of the technology platform to ensure successful integration or conversion of the new or updated product including IT scope (e.g. Management Information requirements, Policy Schedule design and production, Product configuration) and oversight the testing of UW systems.
Requirements
What you’ll need- Solid insurance underwriting experience.
- Thorough understanding of Business Insurance products, systems, contracts, forms, coverage, distribution channels, regulatory environment and insurance financials.
- Very strong verbal and written communications skills.
- Excellent organisational skills with the ability to plan, prioritise and adapt as required.
- Ability to communicate at all levels and manage stakeholder expectations.
- Good level of proficiency required in the following: Financial Acumen, Presentation Skills, Networking, Risk Selection and Critical and Analytical Thinking.
- Good working knowledge of Microsoft Office packages, including Word, Excel and Powerpoint.
- ACII qualifications.
- Previous Insurance experience with good knowledge of product, underwriting or coverage.
Benefits
Comp & perks- Private Medical Insurance: On commencement of employment, you are eligible for single cover provided by Travelers, with the option to add cover for your dependents, at your expense through payroll deduction.
- Retirement: Travelers will make a core contribution of a percentage of salary to your Pension Plan. Additionally, if you decide to contribute to the plan, you will receive an increased company contribution.
- Holiday Entitlement: Start your career at Travelers with a minimum of 25 days holiday entitlement annually, plus the opportunity to purchase additional days to allow for up to a total of 35 holidays per year.
- Wellness Programme: The Travelers wellness programme is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health programme provides access to free professional counseling services and other resources that 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 programme that enables you to give back to the charity of your choice.