Posted in Insurance 20 days ago.
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Location: Philadelphia, Pennsylvania
Chubb’s Baltimore branch currently has a vacancy for an Underwriting Account Representative to support the Commercial Insurance segment.
The Underwriting Account Representative (UAR) is accountable for collaborating with team members to achieve growth, profit, renewal retention, service and producer/client management goals for an assigned book of business within middle market Commercial Insurance. The Underwriting Account Representative will gather and analyze account information (loss information, driver information, financials, loss control reports, etc.) and develop underwriting recommendations and pricing strategy. Additionally, the UAR completes documents and refers risk reports to underwriters and handles individual risk inquiries from brokers/agents. The UAR coordinates account processing for renewals and new accounts with their assigned underwriter(s) and a processor. The UAR provides rating and issuance instructions including appropriate forms, coverages, and final premium as one of the critical expectations, as well as reviewing submission information with underwriters and preparing quote letter and documenting underwriting analysis information in the electronic file; ensuring electronic file integrity. The Underwriting Account Representative will also be responsible for handling endorsements within designated authority. This position has dual accountability to both Operations and Underwriting Management.
Knowledge, Skills and Abilities:
— Strong desk management, written and verbal communication skills
— Ability to multi-task and to independently organize work and prioritize competing demands and requests to complete work within required time constraints
— Must demonstrate strong analytical skills and mathematical aptitude
— Knowledge of underwriting principles, product specific coverage, policy forms, pricing tools, regulatory compliance and insurance systems preferred
— Demonstrated proficiency in using on-line reference manuals
— Familiarity with ISO workers compensation bureaus and other state regulatory agencies within assigned territory a plus
— Demonstrate the ability to recognize exposure to a loss
— Ability to effectively and regularly use multiple electronic systems
— Must be proficient in MS Word and Excel Education and Experience:
Education and Experience:
— Requisite experience required
— High School Diploma or equivalent
— Some college and/or underwriting exposure preferred