Chubb

Senior Underwriter, Financial Institutions

Chubb$100K — $165K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 3 - 5 years of multi-line underwriting experience
  • Bachelor's degree preferred or equivalent experience
  • Proficiency in Property and Casualty Underwriting in middle market segment
  • Strong sense of responsibility and self-motivation
  • Desirable previous experience with Financial Institutions P&C
  • Excellent communication, organization, and negotiation skills
  • Knowledge of current insurance marketplace conditions

Responsibilities

  • Underwrite new and renewal P&C specifically for Financial Institutions
  • Establish relationships and drive submission activity with agents and brokers
  • Manage profit, growth, and retention for assigned book of business
  • Negotiate price, coverage, and terms for new business and renewals
  • Achieve new business production goals while ensuring profitability
  • Maintain relationships with branch staff, brokers, and clients
  • Develop a robust prospect pipeline
  • Coordinate with Underwriting Associate on key renewals and service plans

Benefits

  • Comprehensive benefits package
  • Opportunity to participate in a discretionary annual incentive program
Full Job Description
Job Description

As a Commercial Insurance FI P&C Senior Underwriter, responsibilities will include managing a renewal book of 30 - 40 customers and generating new business of approximately $1-1.5M annually. The position will be responsible for driving profitable growth with assigned agents and brokers. Products include Property, General Liability, Auto, Worker's Compensation, Umbrella/Excess and International. We are looking for a candidate who is motivated, results oriented, with business and underwriting acumen.

Responsibilities:

The Production Underwriter will:
  • Focus on underwriting new and renewal P&C for Financial Institutions
  • Establish relationships with key trading partners and drive submission activity across assigned agents and brokers.
  • Be responsible for profit, growth and retention of assigned book.
  • Develop and negotiate price, coverage, terms and conditions for all new business and renewals while actively identifying account rounding opportunities.
  • Meet or exceed new business production goals while maintaining profitability across assigned portfolio and adhering to authority and strategies.
  • Maintain and develop relationships with the branch, our brokers and clients.
  • Develop and maintain a prospect pipeline.
  • In conjunction with Underwriting Associate, retain key assigned renewals and lead coordination of Risk Engineering and Claims service plans.


Qualifications

  • 3 - 5 years of multi-line underwriting experience is required
  • Bachelor's degree preferred or equivalent work experience
  • Property and Casualty Underwriting experience preferably in the core middle market segment; high degree of proficiency with underwriting process, with solid background in risk analysis.
  • Self-motivated with a strong sense of responsibility for one's actions and work product.
  • Previous Financial Institutions P&C experience is desirable
  • Strong communication, organization and negotiation skills.
  • Knowledge and understanding of current insurance marketplace conditions.
  • Understanding and adherence to organizational and regulatory rules and ability to adhere to underwriting authority.
  • Proficient in Microsoft Office

The pay range for the role is $100,000 to $165,000. The specific offer will depend on an applicant's skills and other factors. This role may also be eligible to participate in a discretionary annual incentive program. Chubb offers a comprehensive benefits package, more details on which can be found on our careers website. The disclosed pay range estimate may be adjusted for the applicable geographic differential for the location in which the position is filled.

About Chubb

Chubb Limited is a Swiss-based global insurance company that provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance (A&H), reinsurance, and life insurance to a diverse group of clients. Chubb operates in 54 countries and territories and is the world's largest publicly traded property and casualty insurance company. The company has a long history, dating back to 1882, and has grown through a series of mergers and acquisitions. Chubb is known for its high-quality insurance products and services, as well as its strong financial performance and commitment to corporate social responsibility.
Learn more about Chubb
Size
31,000 employees
Market Cap
$90.7 billion
Industry
Net Income
$3.5 billion
Founded
1882
5 Year Trend
+5.3%
Revenue
$35.9 billion
NASDAQ

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