Underwriter / Senior Property Underwriter, VIC

Chubb celebrates diversity by fostering an inclusive flexible and equitable workplace. We support applications from all members of our community and equitable access to our employment opportunities. We are open to discussing workplace flexibility in all our vacancies to ensure we can attract the best candidates and accommodate individual needs differences disabilities and working arrangements. Please let us know if you require any adjustments to the recruitment process so we can support you to present your best self.

Chubb is a world leader in insurance. With operations in 54 countries and territories 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. As an underwriting company we assess assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings broad distribution capabilities exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich New York London Paris and other locations and employs approximately 40000 people worldwide. Additional information can be found at: .

Your Role:

The position of Underwriter/ Senior Property Underwriter is within our VIC Property team. The position involves the underwriting of new and renewal Property accounts in line with Chubb guidelines as well as developing business from an allocated panel of Corporate brokers within their delegated authority.

It therefore requires an ability to build and maintain relationships with a panel of brokers and tenacity and skill in pursuing target accounts. It also requires that the individual establishes and executes business plans to maximize opportunities with those brokers.

Within Chubb the role requires that the individual coaches and develops less experienced staff both in technical and soft skills and is able to demonstrate enthusiasm and an ability to make decisions both independently and in collaboration with colleagues and/or managers.

Your Responsibilities:

Commercial Underwriting Process / Analysis

Working within the Melbourne Property department on an assigned Corporate broker panel
Writing a MD/BI portfolio in accordance with Chubb underwriting strategy
Select new risks and underwrites renewals for assigned book of business and/or for designated specialty classes or market segments
Organise and presents significant complex accounts to Branch Zone or Home Office for approval as applicable
The role is split between development work and managing the existing account
Accounts include a mix of multi-national and Australian domestic business; typical premium size ranges from $25000 to $1000000
Key player on multi-departmental accounts
Provide technical leadership for underwriting/marketing in the department or branch including risk referrals and portfolio management; serves as a resource regarding unique coverage needs
Provide expertise in a specialty given Customer Group or line of business
Maintain a high level understanding of pricing individual risk exposures
Assist others in the development of pricing strategies renewal negotiation strategy and developing game plans on new business submissions
May serve as a higher level of underwriting authority for others in branch

Relationship Management

Identify analyse and develop sources of desirable new business opportunities including cross-departmental opportunities
Preparing delivering and negotiating quotations
Participation in branch broker marketing teams
Build and maintain long term relationships with key producers and insureds; deals with producer principals on complex underwriting issues
Present to prospective producers; may initiate new producer appointments
Identify and shares information within the Branch Zone or National department regarding competitors products and underwriting
Provide expertise on accessing opportunities for growth in a specialty Customer Group or line of business

3 years experience in a Property or Package Underwriting and Development role with an insurance company
Develop creative solutions to unique underwriting situations
Understand advanced pricing techniques (retro rating composition of experience mod etc.) when to use how to use how to sell etc
Understand account servicing costs
Be familiar with developing marketing plans and handling complex accounts
Understand the underwriting appetites of the other departments and how those relate to interdepartmental accounts
Understand the broker selection and appointment process
Make recommendations for tailoring coverage and manuscripting policies
Familiar with the products / services of key competitors

We offer you the opportunity to work as part of a dynamic and agile environment where continuous development is encouraged throughout your career both locally and globally. We also offer a flexible working approach via our My One Thing initiative education assistance dress for your day every Friday promotion of health and wellbeing (including discounted health insurance daily breakfast and fresh fruit) and the option to enroll into the Chubb Limited discounted stock purchasing scheme.