Associate Underwriter â Inland Marine
Associate Underwriter â Inland Marine
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$ 65200 - 110800
1 Vacancy
Job Description
Chubb is currently seeking a skilled Associate Underwriter to join its Major Accounts Inland Marine Group in our Chicago IL office.
The Associate Underwriters primary responsibility is to aid the Inland Marine group in the management and retention of accounts assigned manage an existing book of renewable business through a demonstration of the following skills and abilities:
- Fundamentals of coverage terms and conditions. Understand ability to offer coverage terms and conditions which generate a profit for the Company while meeting the needs of the customer.
- 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 insurance financial fundamentals and their impact on underwriting decisions.
- Actuarial fundamentals. Ability to understand loss trends 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 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.
- Collaboration. Ability to collaborate effectively with the underwriting team to assist with account management tasks.
MAJOR DUTIES & RESPONSIBILITIES:
Duties may include but are not limited to:
- Effectively and efficiently process underwriting workflow through interaction with internal and external partners to ensure standards are consistently upheld.
- Examine applications renewals and change requests collecting all necessary information to fully prepare the Underwriting team to make decisions regarding risk acceptability terms and pricing.
- Within established business plans identify analyze and underwrite risks while adhering to corporate guidelines regarding risk selection treaties reinsurance coverage and pricing to obtain desired results.
- Manage a book of business offering strategic underwriting guidance including rate/terms/deductibles
- Monitor results of the overall book of business assigned and recommend corrective action as necessary to insure profitability and retention of desirable accounts
- Establish and maintain strong working relationships with assigned agents to support profitable growth.
- Provide quality and timely input on assigned projects to meet the Companys needs in the changing market and to support profitable growth
- Participate in audits and/or underwriting meetings as required.
- Crosssell opportunities within other Chubb divisions through promotion of their products and services.
- Travel less than 25%
Qualifications
- Bachelors degree or equivalent experience. Industry designations a plus CPCU or AMIM preferred
- Minimum 13 years of current underwriting/insurance experience concentration in Inland Marine products including Builders Risk and Contractors Equipment preferred
- Strong analytical skills with the ability to collect organize and analyze significant amounts of information with attention to detail and accuracy
- Effective time and desk management balancing a large book of business
- Able to work collaboratively and prioritize in a matrix environment
- Strong interpersonal oral and written communication and negotiation skills
- PC and Microsoft Office Products proficient Excel skills in particular
- Must be able to function effectively in a time sensitive and fastpaced environment
The pay range for the role is $65200 to $110800. 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:
IC
Employment Type
Full-Time
