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Senior Underwriter- Private/Not-for-Profit at Chubb in San Francisco, California

Posted in Insurance 30+ days ago.

Type: Full-Time





Job Description:

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.

Chubb is seeking a Senior Underwriter for Private/Not-for-Profit (PNP) in its San Francisco branch.

The Senior Underwriter will dually report to the San Francisco PNP Branch Manager and the Pacific North Financial Lines Regional Manager. The Senior Underwriter will manage a PNP portfolio largely encompassing retail brokerages for the San Francisco Branch. The position will primarily be focused on underwriting Major Accounts (>$1Billion in Revenues) and Commercial Private Equity Business.  Lines of business include D&O, EPL, Fiduciary Crime, Kidnap Ransom, Employed Lawyers, and Cyber/Professional Liability.

The Senior Underwriter must develop book growth, maintain superior relationships and implement effective and profitable pricing rate strategies. Underwriting will include marketing and servicing accounts based on Chubb guidelines.

They will be responsible for developing and implementing a business plan to grow the Major and Commercial Insurance book through prospect identification and pipeline development, new business production and account management in coordination with Major Accounts Segment Leaders and Client Executives. Senior Underwriter will be responsible for $2M+ of new business annually.

The Senior Underwriter will have accountability for the financial performance of this book of business, achieving growth for the branch and region. They will identify opportunities for growth within new and existing production sources, identify cross sell opportunities, conduct agency planning/goal setting including monitoring of progress and make regular broker and insured visits (based on business need).

 

Skills Required:


  • Ideally, 5+ years underwriting experience in management liability.  Experience with handling Private Equity business is a plus.

  • Strong sales and marketing skills are critical. The ability to position accounts and close deals is a key requirement.

  • Must be able to demonstrate success in marketing, producer/book management and new business development. 

  • Must also have the ability to successfully negotiate on all levels with both internal and external partners and nurture key producer relations.

  • High degree of proficiency with the underwriting process, risk analysis, and work effectively in collaboration with an Underwriting Associate.

  • Must have exemplary ability to effectively interact with all levels of customers and coworkers.

  • Knowledge and proficiency with underwriting technical issues, compliance, coverage, products, pricing & strategies expected.

  • Must be a collaborative partner with the Field, Home Office, Claims, General Counsel, Compliance, Marketing and Communications, Operations and Learning & Development to successfully execute underwriting strategy.

  • Proficiency in Microsoft Office Suite as well as other business related software required.  Effective desk management is a critical part of this role

 

Education and Experience:


  • Bachelor’s degree or equivalent experience.

 

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.





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