Senior Underwriter, Private Equity
Senior Underwriter, Private Equity
Employer Active
Job Alert
You will be updated with latest job alerts via email
Share
Job Alert
You will be updated with latest job alerts via email
$ 114600 - 194800
1 Vacancy
Job Description
Chubb Commercial Insurance is looking for a motivated results oriented applicant to fill the position of Commercial Property and Casualty Production Underwriterfor Private Equity Insurance writes companies with revenues up to $1B including both guaranteed cost and loss sensitive program structures. This position will be charged with growing and underwriting a book of business that consists mainly of Manufacturing Wholesale Distribution Professional Services Food Other/Business Services Real Estate and Cultural Institution Middle Market business. The position will also consist of marketing all Chubbs products to assigned private equity-focused agents/ position will work closely with all Commercial Insurance resources both local Industry Practice/LOB leaders and Home Office Personnel.
Role Responsibilities
- Establish and develop relationships with key private equity-focused distribution partners to drive submissionactivity in our desired industry segments.
- Responsible for profit growth and retention of assigned book.
- Meet or exceed new business production goal of approximately $1.5m while maintaining profitability across assigned portfolio and adhering to authority and underwriting strategies. Includes knowledge and achievement of desired pre-bind metrics (Submissions Quote Ratio Hit Ratio Efficiency Ratio) to facilitate profitable growth and achieve production goals.
- Strong Focus on developing a prospect pipeline 5x new business production goalwith assigned distribution partners using advanced company prospecting tools and strong marketplace visibility of 12 external visits per month.
- In conjunction with Underwriter Associate meet or exceed rate exposure and retention goals to achieve desired profitability on renewal book by retaining key assigned branch accounts and leading coordination of Loss Control Claims and other value-addedservice plans for service level developing client relationships.
- Develop understanding of products and engage with other Chubb Business Units to aggressively cross-sell all Chubb Products and Solutions through agent/brokers and existing client relationships. Includes but is not limited to Multi-National Environmental Ocean Cargo Financial Lines Product-Recall E&O A&H etc.
- Develop and maintain internal relationships with local branch Line of business/Industry Practice Leaders and Home Office personnel.
Qualifications
- Bachelors degree or greater.
- 3-5 years of commercial underwriting experience preferably in the core middle market property and casualty segment. Strong understanding of Property General Liability Auto Workers Compensation Umbrella and International Lines of Business.
- Local Broker and Marketplace relationships.
- Strong marketing and negotiation skills with focus on building and developing external relationships.
- Demonstrates ability to affectively prepare for meetings to efficiently drive objectives.
- Strong technical underwriting skillset in areas including exposure/control analysis coverage forms and policy structure loss picks and profitability analysis and rating.
- Ability to work efficiently in a strong fast paced team environment.
- General understanding of underlying insurance business regulatory environment and strong adherence to underwriting authority.
- Proficiency in Microsoft Office Suite.
The pay range for the role is $114600 to $194800. 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:
Senior IC
Employment Type
Full-Time
