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Underwriting Account Representative at Chubb in Chicago, Illinois

Posted in General Business 30+ days ago.

Type: Full-Time





Job Description:

Underwriting Account Representative

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.

MAJOR DUTIES & RESPONSIBILITIES:


  • Contribute to the achievement of Operations and Financial Lines goals relating to growth, profit, renewal retention and service

  • Bind, book and issue new line and renewal policies, midterm endorsements, and cancellations in applicable rating and issuance systems in accordance with standardized workflows

  • Review renewal submissions for receipt of all underwriting information and follow up with producer for missing information

  • Analyze renewal information submitted by producer including loss information, application and financial reports

  • Complete underwriting analysis template and documents template with renewal changes for referral to underwriter

  • Rate renewal policies and determine pricing strategy in conjunction with underwriter

  • Coordinate quotation process and complete quote letter for referral to underwriter

  • Provide rating, quoting and issuance support on all new lines

  • Conduct clearance and process all transactions in appropriate systems

  • Completes follow up on manuscript endorsement requests

  • Communicate open item status with producers and underwriters

  • Research and resolve premium discrepancies and compliance issues

  • Assist with account management and achievement of service goals












QUALIFICATIONS:


  • Strong written and verbal communication skills and customer service orientation

  • Demonstrated ability to collaborate with others both internally and externally in a professional, courteous and competent manner

  • Ability to multi-task and to independently prioritize competing demands and requests within given time constraints

  • Fundamental knowledge of underwriting principles and the insurance industry preferred but not required

  • Basic understanding of financial concepts and terminology

  • High proficiency in MS Word and Excel

  • Mathematical aptitude

EDUCATION AND/OR EXPERIENCE:


  • High school diploma or equivalent

  • Previous experience in a similar role preferred

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.                             

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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