Contribute to the achievement of the Excess Casualty segment business plan. The Underwriter is responsible for production, underwriting and maintenance of new and renewal umbrella and excess casualty accounts within a defined territory. In addition, the Underwriter is responsible for establishing and cultivating business relationships with brokers and clients within the assigned territory to assure the continued flow of new business opportunities while representing the Excess Casualty segment.
The Underwriter’s primary responsibility is to underwrite individual risks 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 Company while meeting the needs of the customer. Risk Assessment. Ability to identify risk exposures, special or common hazards, 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. Actuarial fundamentals. Ability to understand loss trends, loss triangles, and ratemaking. Ability to quantify risk based on experience history and forecasting methods. Marketing and Communications. Ability to sell and negotiate to achieve bottom line profitability for the Company. Ability to make presentations and communicate articulately. Ability to base communications on strategic thinking. Ability to manage producer strategy. Systems and programs. Ability to use systems and software programs needed to conduct daily business. Ability to adhere to Chubb standards on pricing and servicing. Solicit new and renewal submissions from brokers Determine terms and conditions Document the underwriting files Handle more complex files and portfolios within underwriting authority Attend broker/client meetingDuties may include but are not limited to:
Solicit new and renewal submissions from brokers Determine terms and conditions Document the underwriting files Handle more complex files and portfolios within underwriting authority Attend broker/client meeting Bachelor’s degree or greater2+ years commercial casualty experience, and/or underwriting Fortune 1000 companies. Microsoft Word, Excel, and OutlookOral and written communication skillsNegotiation and marketing skillsAbility to thrive in a fast-paced, deadline-driven environmentAbility to self-manage, organize, and prioritize work with limited directionThe pay range for the role is $70,000 to $105,000. 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 on our careers website. The disclosed pay range estimate may be adjusted for the applicable geographic differential for the location in which the position is filled.