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
$ 100000 - 165000
1 Vacancy
Job Description
The P&C Underwriter has responsibility for new and renewal business for their own book of business. The position will be responsible for driving profitable growth with Chicago and Midwest producers in-scope for our Private Equity Specialty (PES) customer group with an M&A specialization. This includes large national brokers key Cornerstone relationships and local/regional agents. Lines of business include Package Automobile Umbrella International E&O and Workers Compensation.
Underwriting duties will include developing and negotiating price coverage terms and conditions for all new business and renewals while actively identifying account rounding opportunities for other Chubb Commercial Insurance practices. Collaborating with underwriters operations claims marketing and home office management is necessary. Must implement and manage effective pricing and rate strategies that will produce profitability book growth and successful producer relations. We are looking for a candidate who is highly motivated results oriented with solid business and underwriting acumen.
Responsibilities include but are not limited to:
- Solicit new and renewal submissions from agents and brokers the underwriter is responsible for a new business production goal and managing a renewal book of business
- Execute regional marketing and sales strategies including prospecting cross sell and upsell initiatives
- Determine terms conditions and pricing using complex rating plans underwriting guidelines and staying within authority levels
- Partner with manager and IP leader to budget pending Private Equity transactions including corporate M&A add-ons and carve-outs providing estimated terms conditions and pricing using during a confidential Due Diligence period
- Work collaboratively with Manager Underwriting Associate and other unit and region colleagues
- Document underwriting files thoroughly and accurately
- Handle accounts and portfolio of business within underwriting authority
- Adhere to all underwriting standards and guidelines as outlined by the Division including all applicable Underwriting Guidelines Authorities and Position Papers
- Adhere to guidelines for accurate and timely policy issuance accurate premium booking and billing manuscript form and endorsement processes and file construction and documentation
- Regular broker travel and engagement including monthly/quarterly travel to assigned branches & broker relationships within the Midwest & Texas
Qualifications
A minimum of 2 years P&C underwriting experience.
Understanding of middle market Property & Casualty products and appetite
Knowledge of the Private Equity insurance industry a plus
Strong sales and marketing skills.
Bachelor degree of equivalent
The pay range for the role is $100000 to $165000. 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
