VP Underwriting Property
VP Underwriting Property
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$ 128500 - 215000
1 Vacancy
Job Description
Westchester a Chubb Company is seeking a Vice President of Underwriting to support the Property Underwriting unit. The role is focused on achieving profitable underwriting results through growth development servicing and underwriting of Westchesters Property business.
Duties may include but are not limited to:
- Develops and executes on marketing plan for assigned producers and territories
- Consistently travel the assigned territory visiting with agents and risk managers to actively generate business
- 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.
Qualifications
- 10 years underwriting experience
- Experience underwriting Property insurance
- Bachelors degree
- Excellent Skills with Microsoft Word Excel and Outlook
Desired Qualifications:
- Knowledge of insurance industry
- Knowledge of loss prevention to improve desirability of specific risks
- 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 10K etc.
- Oral and written communication skills
- Negotiation skills
- Marketing skills
- Basic leadership skills
Why Join Westchester This is an opportunity to lead a highperforming team within a respected division of Chubb focusing on Property Underwriting. You will have the chance to shape the teams future drive business growth and collaborate with industry leaders. If you are a seasoned underwriting professional with a passion for products and leadership we encourage you to apply.
The pay range for the role is $128500 to $215000. The specific offer will depend on an applicants 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 foundon 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.
Required Experience:
Exec
Employment Type
Full Time
