Senior Underwriter at Chubb in White Plains, New York

Job Description:

Commercial Underwriter – White Plains, NY

Chubb is the world’s largest publicly traded property and casualty insurer. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.

Details of this critical opening follow:

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  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.


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  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.


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  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.


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  Actuarial fundamentals. Ability to understand loss trends, loss triangles, and ratemaking. Ability to quantify risk based on experience history and forecasting methods.


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  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. Ability to build and maintain successful business relationships.


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  Systems and programs. Ability to use systems and software programs needed to conduct daily business.

MAJOR DUTIES & RESPONSIBILITIES:

Duties may include but are not limited to:

• Solicits new and renewal submissions from brokers


• Determines terms and conditions and complex rating plans


• Meet with assigned trading partners to make sales presentations, negotiate coverage terms and pricing and provide high level of service


• Quotes and Binds coverage


• Executes Commercial Insurance goals and strategies


• Documents the underwriting files


• Handles more complex files and portfolios within underwriting authority


• Guides and mentors junior staff.

MINIMUM REQUIREMENTS

• At least 2 years of underwriting experience in a production environment


• Experience with multiple lines of insurance including Property, General Liability, Worker's Compensation, Automobile, Umbrella and Foreign program placements.


• Bachelor’s degree preferred

DESIRED QUALIFICATIONS

• Knowledge of insurance industry


• Knowledge of underwriting concepts, practices, and procedures


• Microsoft Word, Excel, and Outlook


• Oral and written communication skills


• Negotiation & Sales skills


• Marketing skills


• Basic leadership skills.

Chubb strives to offer a diverse and inclusive and rewarding work environment.  Teamwork and mutual respect are central to how Chubb operates and we believe the best solutions draw upon diverse perspectives, experiences and skills.  We operate in such a way where everyone, regardless of their singular background has the opportunity to contribute to our collective success.

Chubb offers a competitive compensation package and comprehensive benefits package including life, health and dental, vision, a generous retirement savings plan, disability coverage, stock purchase plan, flexible spending accounts, tuition reimbursement, and business casual dress.  At Chubb, we are committed to equal employment opportunity and compliance with all laws and regulations pertaining to it.  Our policy is to provide employment, training, compensation, promotion, and other conditions or opportunities of employment, without regard to race, color, religion, age, sex, sexual orientation, transgender, national origin, disability, genetic information, veteran, or marital status, or any other characteristic protected by law.