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Senior Underwriter - Financial Institutions at Chubb in New York, New York

Posted in Insurance 30+ days ago.

Type: Full-Time





Job Description:

Senior Underwriter, Financial Lines – New York City  

 

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.

 

The Financial Institutions team is currently seeking a Senior Underwriter to execute growth and underwriting strategies for the New York Region. 

MAJOR DUTIES & RESPONSIBILITIES:

Responsibilities for the role include, but are not limited to:



  • 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 customers across a number of products which include:


    • Directors & Officers Liability

    • Professional Liability for Asset Managers and Funds (including hedge funds, private equity and venture capital)

    • Bankers Professional Liability

    • Insurance Company Professional Liability

    • Security Broker-Dealer Professional Liability

    • Employment Practices Liability

    • Fiduciary Liability

    • Fidelity




  • Risk Assessment. Performing risk analysis for Financial Institutions clients. 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 and Cross-market with other groups who underwrite Chubb products for Financial Institutions in the New York Region


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

The Senior Underwriter role will also entail: developing and maintaining a broad network of brokerage relationships, expanding distribution and new business production, mentoring junior underwriters in underwriting best practices, and assuming some Team Leadership duties.

 

DESIRED QUALIFICATIONS


  • In-depth knowledge of Financial Institutions management liability and professional liability insurance products and concepts

  • Experience developing and maintaining a broad network of brokerage relationships

  • Demonstrated leadership abilities

  • Negotiation skills

  • Strong oral and written communication skills

  • Minimum of 3-5 years of experience underwriting management and professional liability products

  • Bachelors degree (preferably in Finance, Accounting, Economics, or related field)

 

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.





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