This job listing has expired and the position may no longer be open for hire.

PRS Associate Underwriter at Chubb in Chicago, Illinois

Posted in Insurance 30+ days ago.

Type: Full-Time





Job Description:


Personal Lines Associate Underwriter

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. A $5B+ division of Chubb, Personal Risk Services offers personal insurance solutions (home, auto, collections, excess, and many more) to successful families and individuals.

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 


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





More jobs in Chicago, Illinois

Other
about 1 hour ago

Daiichi Sankyo, Inc.
Other
about 1 hour ago

The University of Chicago
Other
about 1 hour ago

The University of Chicago
More jobs in Insurance

Insurance
about 11 hours ago

Allied World
$95,000.00 - $125,000.00 per year
Insurance
about 16 hours ago

Mizuho Bank
Insurance
about 23 hours ago

Prudential Ins Co of America