Senior Underwriting Assistant - Financial Lines at Chubb in Wilmington, Delaware

Job Description:

Senior Underwriting Assistant - Financial Lines

Chubb Limited is currently seeking an Underwriting Associate to join the Global Accounts Branch within Global Services located in Wilmington, DE

Position Description:

The Underwriting Associate (UA) will contribute to the achievement of the Global Serviced Branch goals as well as corporate goals relating to the growth, profit, renewal retention, service and producer/client management.  Branch is responsible for commercial U.S. policies which are part of an overall account managed on behalf of Chubb’s international zones.  The UA gathers and analyzes account-specific information (including but not limited to loss information, exposures, financials, loss control reports) and prepares risk report for referral to the Underwriter; corresponds with both local U.S. producers and overseas underwriters to compile necessary information; develops information and recommendations based upon account review; determines strategy in conjunction with the underwriter; handles all coordination of accounts being sent to the Processing Center and completes all rating and issuance instructions including appropriate forms, coverages and final premium; ensures electronic file integrity; ensures internal and external service standards are met to achieve a high level of customer satisfaction.  This position may be assigned renewal underwriting authority.

Roles/Responsibilities

• Reviews submission information with the underwriter, researches and provides analysis of account information, and ensures overall regulatory compliance.


• Compiles and documents risk report and underwriting strategy


• Coordinates account processing and servicing


• Coordinates the quoting, booking and issuance process with the CSR and completes the risk report for referral the Underwriter


• Reviews, verifies and publishes all documents in the electronic customer file


• Researches and responds to Producer and Overseas Underwriter inquires


• Serves as the first point of contact for the internal and external contacts on account related matters


• Ensures MAX and other tracking systems are updated timely

MINIMUM REQUIREMENTS:

Duties require the application of technical knowledge to diverse situations and action taken as a result of judgement.  The selected candidate must have strong communication, multi-tasking, and organizational skills.  In addition, the individual must demonstrate:

• Successful completion of a college level curriculum and/or at least 2 years of commercial insurance experience


• Strong data entry and computer skills.


• Proficient in Microsoft Word/Excel/Outlook


• Must be detail-oriented with the ability to compile, evaluate and interpret detailed information and data


• Must have knowledge of electronic systems, underwriting principles, policy forms and the ability to recognize exposure to loss


• Demonstrates math aptitude, knowledge of rating systems, underwriting rate/rule manuals; Proficient in on line reference manuals and familiar with other regulatory agencies


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  DESIRED QUALIFICATIONS:

  
  


• At least 2 years of prior commercial insurance underwriting support experience.


• Basic understanding of insurance terminology.


• Ability to work both independently as well as operate and contribute positively in a team-based environment


• Strong verbal and written communication skills.


• Superior time utilization, organizational and analytical skills.


• Ability to research, think critically, analyze, prioritize, take initiative, problem solve, and work under pressure to meet critical deadlines


• Ability to respond to changing business priorities


• Ability to work autonomously


• Strong prioritization skills


• Ability to take multiple tasks to completion


• Ability to track assignments and follow through with others as necessary


• Detail oriented


• Organized, energetic, and easily adaptable to change


• Flexible and adaptable to change