Senior Underwriter, Private / Not-for-Profit
Senior Underwriter, Private / Not-for-Profit
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$ 105600 - 179500
1 Vacancy
Job Description
Westchester is the Wholesale-Only Excess and Surplus specialty product group within Chubb. Westchester Brokerage products meet the needs of brokers whose clients have complex difficult-to-place risks in the areas of property casualty financial lines product recall inland marine and environmental insurance.
The Senior Underwriters primary responsibility is to underwrite individual D&O and ancillary lines risks for privately held and not-for-profit companiesthrough a demonstration of the following skills and abilities:
- Fundamentals of coverage terms and conditions. Ability to offer coverage terms and conditions which generate a profit for the Westchester Financial Lines department while meeting the needs of the customer.
- Risk to identify Wholesale D&O EPL FID Crime and/or K&R risk exposures for privately held and not-for-profit companies. Ability to identify special or common hazards loss trends 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.
- Marketing and Communications. Ability to sell and negotiate to achieve bottom line profitability for the Company. Ability to base communications on strategic thinking and articulate clearly with brokers.
- Systems and to use systems and software programs needed to conduct daily business.
MAJOR DUTIES & RESPONSIBILITIES:
- Solicit new and renewal submissions from brokers
- Foster relationships with wholesale brokers inclusive of weekly phone calls/emails and marketing trips as determined by you and your manager.
- Underwrite accounts and determine terms and conditions to be offered (with help from manager)
- Quote and Bind coverage
- Document the underwriting files and applicable systems
Qualifications
- 3 years of Underwriting experience
- Experience in D&O is preferred
- Business Acumen
- Good Level of Product Knowledge including:
- Exposure Analysis
- Form & Coverages
- Rating Principles and Mechanics
- Negotiation & Presentation Skills
- Proven Broker Relations & Customer Management Skills
- Strong Verbal and Written Communication Skills
- Strong Organizational Skills with Attention to Detail
- Ability to Work Effectively in a Team
- Basic Proficiency in Microsoft Word Excel Power Point
The pay range for the role is $105600 to $179500. 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 found at 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
