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.
KEY OBJECTIVE:
Under limited supervision, primary responsibility is to underwrite and manage wholesale Inland Marine risks.
MAJOR DUTIES & RESPONSIBILITIES: Duties may include but are not limited to:
Develops and executes on marketing plan for assigned producers and territories
Negotiates pricing, terms and conditions for excess and surplus commercial property accounts using assigned underwriting authority and company guidelines
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. 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.
Documents the underwriting files with account review, analysis and conclusions
Binds coverage
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.
MINIMUM REQUIREMENTS:
Minimum 3 years insurance industry experience
2 years underwriting experience
Experience underwriting Property or Inland Marine insurance
Bachelor’s degree
Excellent Skills with Microsoft Word, Excel, and Outlook
DESIRED QUALIFICATIONS:
Understanding of risk management approaches including risk transfer
Knowledge of underwriting concepts, practices, and procedures
Internet usage and research
Detailed understanding of company Financial Statements (Balance
Sheet, Income Statement, 10-K, etc.)
Oral and written communication skills
Negotiation skills
Marketing skills
Basic leadership skills
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.
