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.
Currently, Chubb is seeking a Financial Institutions leader for our New York City office. This position is salary grade flexible based on the successful candidate's experience.
Production and Underwriting Execution
Maintain producer relationship.
Coordinate with regions to ensure consistent and adequate flow of submission activity in order to meet plan, including accurate forecasting of regional and home office production.
Develop new business production with Brokers and Agents based on growth over prior targets.
Actively and effectively cross-sell high margin products
Meet Divisional GWP/NWP Plan.
Actively manage each account from reservation through binding.
Identify key renewals & new line targets on a quarterly basis and ensuring retention/acquisition strategies are developed and implemented for each account
Staff Management and Development
Manage and lead a team of Underwriters.
Continually assess staff skill set and identify specific training needs for each staff. Develop and implement an appropriate training plan to address both immediate and long term needs.
Review accounts with team members to assess risk on each account and develop pricing and term recommendations to senior management
Identify issues affecting the team and ways to improve our processes and procedures to be a more efficient and effective group
Ensure staff attend and actively participate in all scheduled training sessions.
Ensure that each underwriter is properly prepared for all client meetings
Underwriting Quality and Analysis
Ensure team adherence to underwriting practices, authorities and corporate guidelines including but not limited to: compliance with standards for quote and binder letters, claims/litigation review, manuscript endorsements, and file documentation and construction.
Ensure satisfactory results are achieved on all audits (individual and team). 80% or better of all self audits must be satisfactory, 100% of team audits must be satisfactory.
Accurately identify and analyze exposures for each risk. Demonstrate a thorough review has been completed and ensure appropriate terms, conditions and a strategy has been developed for securing each risk prior to reviewing with senior management. This includes ensuring that each underwriter is properly prepared when meeting with senior management.
Technical Learning and Development
Demonstrate thorough proficiency in policy forms, underwriting practices and key coverage issues.
Demonstrate an understanding of the factors (economic, political and financial) affecting the industries and market segments targeted.
Demonstrate a knowledge of the Chubb network and constituencies that must be accessed to ensure efficient production and execution.
Attend all relevant training sessions and calls as well as reading all relevant periodicals to stay on top of all current topics
Identify areas for personal growth and development and identify relevant training classes
DESIRED QUALIFICATIONS
Knowledge of insurance industry
Knowledge of underwriting concepts, practices, and procedures
Microsoft Word, Excel, and Outlook
Internet usage
Oral and written communication skills
Negotiation & marketing skills
10 years of Underwriting experience or related experience
College Degree or related experience
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.
