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Senior Underwriter- Financial Institutions at Chubb

Posted in Insurance 30+ days ago.

Type: Full-Time
Location: New York, New York





Job Description:

Senior Underwriter, Financial Lines
– New York City  

 

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 Financial Institutions team is currently seeking an
Senior Underwriter to execute growth and underwriting strategies for the New
York Region. 


MAJOR DUTIES &
RESPONSIBILITIES:

 

Responsibilities
for the role include, but are not limited to:



  • 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
    customers across a number of products which include:




    • Directors & Officers Liability


    • Professional Liability for Asset Managers and Funds
      (including hedge funds, private equity and venture capital)


    • Bankers Professional Liability


    • Insurance Company Professional Liability


    • Security Broker-Dealer Professional Liability


    • Employment Practices Liability


    • Fiduciary Liability


    • Fidelity





  • Risk Assessment. Performing risk analysis for
    Financial Institutions clients
    .
    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. Ability to understand
    credit risk.


  • Actuarial fundamentals. Ability to understand loss trends, loss
    triangles, 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 and Cross-market with other
    groups who underwrite Chubb products for Financial Institutions in
    the New York Region


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



The Senior Underwriter role
will also entail: developing and maintaining a broad network of brokerage
relationships, expanding distribution and new business production, mentoring
junior underwriters in underwriting best practices, and assuming some Team
Leadership duties.

 

DESIRED QUALIFICATIONS:

 

Qualified
candidates for each role must possess an in-depth knowledge of Financial
Institutions management liability and professional liability insurance products
and concepts.  Experience developing and maintaining
a broad network of brokerage relationships, demonstrated leadership abilities,
negotiation skills and strong oral and written communication skills are
essential.

Candidates for the Senior Underwriter
role should possess a minimum of 3-5 years of experience underwriting management
and professional liability products for Financial Institutions and a bachelors
degree. 

 

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.





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