Underwriter, Financial Institutions
Underwriter, Financial Institutions
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$ 85000 - 130000
1 Vacancy
Job Description
We are seeking a highly motivated and results-oriented Financial Institutions Underwriter to join our team. This role involves managing a renewal book and generating new business with a focus on underwriting Financial Institutions business for Package Workers Compensation Auto General Liability Umbrella and International programs. The position will be based in one of our Bay Area branches serving the Pacific North Region including San Francisco Walnut Creek Portland and Seattle.
The position will be responsible for developing and implementing a business plan to grow the Financial Institutions book through prospect identification and pipeline development new business production and account management with defined set of agents within Northern California and the Pacific Northwest.
The Financial Institutions Underwriter will have accountability for the financial performance of the book of business achieving growth for the branch region and territory. They will identify opportunities for growth within new and existing production sources identify cross sell opportunities conduct agency planning/goal setting including monitoring of progress and make regular broker and insured visits.
Position Responsibilities:
- Oversee the financial performance of a portfolio focusing on profit rate retention and growth. Target new business production of $1.3m to $1.5m and manage a renewal portfolio effectively.
- Develop and negotiate pricing coverage terms and conditions for all new business and renewals. Implement effective and profitable pricing strategies while adhering to underwriting guidelines.
- Establish and maintain superior relationships with key trading partners agents brokers and clients. Conduct regular broker and insured visits to drive submission activity and market penetration.
- Develop and implement a business plan to grow the Financial Institutions book through prospect identification pipeline development and strategic market penetration. Identify cross-sell opportunities and conduct agency planning and goal setting.
- Work effectively with Underwriting Associates Risk Consulting and Claims service teams to retain key renewals and enhance service delivery.
- Collect and share industry intelligence including trends and developments to inform strategic decisions and maintain a competitive advantage.
Qualifications
- Experience: 2-5 years of commercial multi-line underwriting experience preferably in Financial Institutions P&C placements.
- Strong skills in sales marketing and agency/broker management. Demonstrated success in marketing producer/book management and new business development.
- Ability to successfully negotiate on all levels with both internal and external partners and nurture key producer relations.
- High degree of proficiency with the underwriting process risk analysis and knowledge of underwriting technical issues compliance coverage products pricing and strategies.
- Exemplary ability to interact effectively with all levels of customers and coworkers with strong interpersonal and written communication skills.
- Proficiency in Microsoft Office Suite and other business-related software.
- Highly motivated to succeed results-oriented with solid business acumen and effective desk management skills.
The pay range for the role is $85000 to $130000. 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.
Employment Type
Full-Time
