Chicago, IL
16 hours ago
Senior Underwriter, Private / Not-for-Profit

Westchester is the Wholesale-Only Excess and Surplus specialty product group within Chubb. Westchester Brokerage products meet the needs of brokers whose clients have complex, difficult-to-place risks in the areas of property, casualty, financial lines, product recall, inland marine and environmental insurance.

The Senior Underwriter's primary responsibility is to underwrite individual D&O and ancillary lines risks for privately held and not-for-profit companies through a demonstration of the following skills and abilities:

Fundamentals of coverage, terms and conditions. Ability to offer coverage, terms and conditions which generate a profit for the Westchester Financial Lines department while meeting the needs of the customer. Risk Assessment. Ability to identify Wholesale D&O, EPL, FID, Crime and/or K&R risk exposures for privately held and not-for-profit companies. Ability to identify special or common hazards, loss trends, and appropriate controls. Ability to select risk based on exposure and risk analysis. Ability to analyze claims and quantify losses. Financial proficiency. Understanding of financial statements and ratios used in risk analysis. Understanding of insurance financial fundamentals; impact of underwriting decisions on company assets. Ability to understand credit risk. Marketing and Communications. Ability to sell and negotiate to achieve bottom line profitability for the Company. Ability to base communications on strategic thinking and articulate clearly with brokers. Systems and programs. Ability to use systems and software programs needed to conduct daily business.

MAJOR DUTIES & RESPONSIBILITIES:

Solicit new and renewal submissions from brokers  Foster relationships with wholesale brokers inclusive of weekly phone calls/emails and marketing trips as determined by you and your manager. Underwrite accounts and determine terms and conditions to be offered (with help from manager) Quote and Bind coverage Document the underwriting files and applicable systems 3+ years of Underwriting experienceExperience in D&O is preferredBusiness AcumenGood Level of Product Knowledge including:Exposure AnalysisForm & CoveragesRating Principles and MechanicsNegotiation & Presentation SkillsProven Broker Relations & Customer Management SkillsStrong Verbal and Written Communication SkillsStrong Organizational Skills with Attention to DetailAbility to Work Effectively in a TeamBasic Proficiency in Microsoft Word, Excel, Power Point

The pay range for the role is $105,600 to $179,500. The specific offer will depend on an applicant’s skills and other factors. This role may also be eligible to participate in a discretionary annual incentive program.  Chubb offers a comprehensive benefits package, more details on which can be found at https://careers.chubb.com/global/en/north-america.  The disclosed pay range estimate may be adjusted for the applicable geographic differential for the location in which the position is filled. 

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