Senior Underwriter, Inland Marine at Chubb in Chicago, Illinois

Job Description:

Senior Underwriter, Inland Marine

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 Senior Underwriter’s primary responsibility is to underwrite individual risks through a demonstration of the following skills and abilities:

• 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 customer.


• Risk Assessment. 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.


• Actuarial fundamentals. Ability to understand loss trends 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.


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

 MAJOR DUTIES & RESPONSIBILITIES:

Duties may include but are not limited to:

• Within established business plans and assigned authority, select, analyze and underwrite individual risks utilizing corporate pricing and reinsurance techniques to obtain desired results  


• Provide quality and timely input on assigned projects in order to meet the Company’s needs in the changing market and support profitable growth


• Monitor results of the overall book of business assigned and recommend corrective action as necessary to insure retention of desirable accounts


• Make customer presentations/visits on behalf of Chubb Inland Marine to develop positive, long-term broker relationships


• Participate in audits and/or underwriting meetings as required.


• Cross-sell opportunities within other Chubb divisions through promotion of their products and services


• Travel 25% within the Midwest and/or Southwest United States

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.

DESIRED QUALIFICATIONS

• Bachelor’s degree and industry designations – CPCU or AMIM preferred


• Minimum 2 years of current underwriting/insurance experience –concentration in Inland Marine products including Builder’s Risk and Contractor’s Equipment preferred


• Strong marketing and underwriting skill set with an emphasis on relationships and exposures in the Midwest and Southwest Regions


• Able to work collaboratively and prioritize in a matrix environment


• Strong oral and written communication skills


• PC and Microsoft Office Products proficient