Chubb

Senior Underwriter, Surety

Chubb • $80K — $95K *
Overland Park, KS 66212In-Person
Finance & Insurance
Less than 5 years of experience
Yesterday
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Job Overview by Ladders

Qualifications

  • 5-7 years of experience in surety underwriting
  • Proficient in analyzing financial statements and ratios
  • Strong understanding of risk assessment techniques
  • Familiarity with actuarial principles like loss trends and ratemaking
  • Effective communication and relationship-building skills
  • Competent in technical software and systems for underwriting tasks

Responsibilities

  • Underwrite surety risks to ensure company profitability and customer satisfaction
  • Market and develop new business through regular travel within assigned territory
  • Maintain detailed documentation of underwriting files
  • Establish terms and conditions for complex rating plans
  • Manage and underwrite complex files and portfolios
  • Mentor and guide junior underwriters to foster skill development

Benefits

  • Flexible travel requirements
  • Opportunity for professional development through mentorship
  • Dynamic work environment with a focus on customer service
  • Potential for geographic flexibility in role
  • Possibility to advance towards higher certifications like AFSB
Full Job Description
Job Description

The Senior Surety Underwriter's primary responsibility is to underwrite individual surety risks through a demonstration of the following skills and abilities:
  • Fundamental Surety Underwriting. Ability to underwrite surety credits which generate a profit for the Company while meeting the needs of the customer.
  • Risk Assessment. Ability to identify risk exposures, analyze contracts and bond forms. Ability to analyze and differentiate risks on an account specific basis. Manage underwriting meetings with customers to understand operations and internal controls.
  • Financial proficiency. Sophisticated understanding of financial statements and ratios used in surety underwriting. Understanding of the impact of underwriting decisions on company results. 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 build relationships, internally and externally, to grow the book of business 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 & Responsibilities:
  • Marketing and prospecting for new business, primarily through travelling throughout the assigned territory.
  • Travel expectations 10-25% with flexible territory options.
  • Documents the underwriting files
  • Determines terms and conditions and complex rating plans
  • Handles more complex files and portfolios
  • Guides and mentors junior staff


Qualifications

  • Knowledge of surety industry
  • Knowledge of underwriting concepts, practices, and procedures
  • Strong organization skills
  • Microsoft Word, Excel, and Outlook
  • Internet usage
  • Oral and written communication skills
  • Negotiation skills
  • Marketing skills
  • Basic leadership skills
  • Dedication to providing great customer service

Education & Experience:
  • Bachelor's degree in accounting, finance, economics, or marketing preferred
  • 3+ years surety underwriting experience
  • Achieved or working towards achieving the AFSB (Associates in Fidelity and Surety Bonding) designation


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
Finance & Insurance
Net Income
$3.5 billion
Founded
1882
5 Year Trend
+5.3%
Revenue
$35.9 billion
NASDAQ
CB
* Ladders Estimates

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