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.

Job Description:

Financial Lines Underwriting Account Representative is responsible for supporting the underwriting process for multiple lines of insurance coverage which include D&O, EPL, Fidelity, Fiduciary lines and Kidnap/Ransom for Financial Institutions clients. 

• Contributes to the achievement of customer group or financial lines goals, as well as corporate goals relating to growth, profit, renewal retention, rate, exposure, service and producer relationships.

• Books, binds, and issues new line and renewal policies, mid-term endorsements, and cancellations in applicable rating and issuance systems in accordance with standardized workflows and roles and responsibilities.

• Proactively assists with account management and achievement of service goals.

• Communicates with agents/brokers and underwriters on status of open items.

• Ensures electronic file integrity.

• Processes cancellations, BORs, and countersigning. Researches and resolves premium discrepancies and compliance related issues.

• Coordinates renewal process for the underwriter. Reviews renewal submission for technical completeness and follows up with producer for missing information.

• Analyzes renewal account-specific information (including, but not limited to, loss information, financials, application). Creates underwriting analysis template and documents template with renewal changes for referral to the underwriter. Rates renewal policies and determines pricing strategy in conjunction with underwriter. Coordinates the quotation process and completes quote letter for referral to the underwriter.

The individual in this position must have strong communication, multi-tasking, and organizational skills. In addition, the individual must demonstrate the following skills:

• Mathematical aptitude.

• Knowledge of standardized workflows, roles and responsibilities, and compliance requirements.

• Knowledge of all applicable rating and issuance systems.

•Technology savvy including proficiency in Word and Excel.

• Basic understanding of financial concepts and terminology.

• Ability to organize work and perform within time constraints.

• Strong prioritization skills.

• Strong written and verbal communication skills.

• Flexible and adaptable to change.

• Good attention to detail.

Education and Experience:

• College degree preferred but will consider High School diploma • 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.