PRS Associate Underwriter at Chubb in Whitehouse Station, New Jersey

Job Description:

Associate Underwriter

For more than 130 years, the Chubb Group of Insurance Companies has been delivering exceptional property and casualty insurance products and services to businesses and individuals around the world.

Today, we are the 12th largest property and casualty insurer in the United States and have a worldwide network of some 120 offices in 25 countries staffed by 10,200 employees. The Chubb Corporation reported $51.3 billion in assets and $14.1 billion in revenues in 2014. According to Fortune magazine, Chubb is the 208th largest U.S.-based Corporation.

 

Chubb Personal Risk Services is looking for entry level Associate Underwriter candidates to participate in a formal training program beginning in early 2021.  Successful candidates will participate in both classroom and on the job training to prepare for an Associate Underwriter assignment in one of the following center locations: Chicago, IL; Kansas City, MO; or Whitehouse Station, NJ.   

Description:

The successful candidate will work as an integral part of the underwriting center team by contributing to the achievement of business results including the use of underwriting judgement, delegated underwriting authority and support of Underwriter partners. This individual must demonstrate the ability to effectively evaluate risk for approval including alignment with strategies, underwriting guidance, and published workflows & processes.  Position will require daily interaction with Underwriter and Agent partners.  This role will require successful execution of risk analysis, service timeliness, personal accountability and team work.  Successful individuals will demonstrate strong business competencies including personal accountability, risk analysis preparation & selection, application of customer focus and execution of effective process management.   This is an excellent position to prepare candidates for advanced underwriting assignments in the Underwriting Centers. 

PRIMARY RESPONSIBLITIES INCLUDE:

• Evaluate and prepare business case, including recommendation, for referred new lines, endorsements, renewals, inspections, appraisals and suspense for next level of authority review


• Utilize delegated underwriting authority to approve and decline new & renewal risk using published guidelines, target market strategy, knowledge of filed contract language and pricing rules, loss control objectives and competitive landscape 


• Execute renewal review routines in collaboration with Underwriter for large accounts to support retention and delivery of the most competitive quote terms


• Adhere to published workflows and processes 


• Prioritize and manage work inbox and meet published service standards


• Work with Underwriters to act as a secondary contact and resource for assigned agents and branches


• Collaborate and contribute to assigned project teams


• Participate in training of less experienced team members

At Chubb we are totally committed to providing equal employment opportunities to all employees and applicants. It is our policy to provide equal employment opportunities to employees and applicants based on job-related qualifications and ability to perform a job without regard to race, sex, color, religion, age, national origin, pregnancy, sexual orientation, gender identity and expression, genetic information, disability or other perceived differences that do not relate to ability, performance and contribution at work.

 

Qualified applicants with criminal histories are not automatically disqualified from employment. Factors such as job-relatedness of the conviction, age and time of occurrence, and the seriousness and nature of the circumstances will be considered.

Qualifications:

• Associate of Arts (A.A.) or Associate of Science (A.S.) Degree


• Demonstration of strong decision making and critical thinking skills


• Demonstration of strong organizational and time management abilities


• Strong desire to learn including adaptation to all automated systems and work management tools


• Excellent phone skills


• Strong oral and written communication skills


• Ability to work independently as well as in a team


• Must be able to effectively multitask and balance multiple priorities


• Demonstrated record of teamwork, individual courage, and integrity