Posted in General Business 12 days ago.
Type: Full-Time
Location: Chicago, Illinois
JOB DESCRIPTION
Underwriter - Multinational
As a member of the Chubb Multinational team, this underwriting position will contribute to the achievement of regional profitability and production results through growth, development and underwriting of international property and casualty programs for US multinational companies and organizations.
ABOUT THE ROLE:
- 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 customer including innovative solutions for controlled master programs.
- 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.
- 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.
- Systems and programs. Ability to use systems and software programs needed to conduct daily business.
MAJOR DUTIES AND RESPONSIBILITIES:
- Solicits new and renewal submissions from brokers
- Determines terms and conditions and complex rating plans
- Binds coverage
- Documents the underwriting files
- Handles more complex files and portfolios within underwriting authority
- Guides and mentors junior staff.
QUALIFICATIONS
DESIRED ABOUT US Chubb is a world leader in insurance. 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. 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, religious creed, sex, gender, gender identity, gender expression, sexual orientation, marital status, national origin, ancestry, mental and physical disability, medical condition, genetic information, military and veteran status, age, and pregnancy or any other characteristic protected by law. Performance and qualifications are the only basis upon which we hire, assign, promote, compensate, develop and retain employees. Chubb prohibits all unlawful discrimination, harassment and retaliation against any individual who reports discrimination or harassment.
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