AVP Underwriting, Environmental
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Job Location:
Chicago, IL - USA
Monthly Salary:
$ 148500 - 198000
Posted on:
30+ days ago
Vacancies:
1 Vacancy
Job Summary
The Westchester Environmental Team is seeking an experienced Environmental Insurance professional to join as AVP Underwriting supporting the Mid-West Region. This role involves directly underwriting managing and growing a diverse book of business including Manufacturing/Environmental Products packages Environmental Contractors/Consultants packages unsupported excess monoline site pollution and larger CPL accounts. The candidate will assist the regional manager in executing business strategies to achieve profitable growth through underwriting discipline risk assessment and financial proficiency. Responsibilities include aggressively marketing to assigned brokers fostering strong relationships and driving production while collaborating with the regional manager EVP/CUO and Business Development Managers to align the portfolio with Westchester Environmentals growth and profitability goals. The ideal candidate will demonstrate expertise in coverage fundamentals terms and conditions actuarial principles marketing and systems while contributing to the development of the Mid-West Region underwriting teams.
Major Duties & Responsibilities:
- Work collaboratively with Regional Manager Underwriting Team and other unit & region colleagues.
- Execute business plan/strategy to achieve financial results in the areas of profit growth and expense.
- Develop and implement initiatives to effectively execute regional marketing and sales strategies including prospecting cross sell and upsell initiatives.
- Proactively manage and monitor results and key performance indicators to achieve desired results.
- Solicit new and renewal submissions from brokers.
- Determine terms conditions and pricing using approved rating plans underwriting guidelines and authority structures.
- Adhere to all underwriting standards and guidelines as outlined by the Division including all applicable Underwriting Guidelines Authorities and Position Papers.
- Bind coverage and adhere to guidelines for accurate and timely policy issuance accurate premium booking and billing manuscript form and endorsement processes and file construction and documentation.
- Document the underwriting files thoroughly and accurately.
- Handle more complex files and portfolios within underwriting authority.
- Support the referral process within the regional underwriting team by providing guidance to Underwriters on risks falling outside of their individual authority and engaging senior leadership as appropriate.
- Coordinate as necessary with various departments such as Financial Actuarial Billing Claims.
- Maintain service standards by timely response to broker requests and timely receipt of collateral and agreements in addition to meeting deadlines on submissions of quotations certificates and/or policies.
- Local and regional broker visitations/travel is expected.
Qualifications
Education & Experience:
- 8-12 years underwriting or related environmental experience
- Bachelors degree
Desired Qualifications:
- Knowledge of insurance industry
- Experience with wholesale brokers
- Ability to review evaluate and develop coverage forms and endorsements
- Knowledge of underwriting concepts practices and procedures
- Detailed understanding of company Financial Statements (Balance Sheet Income Statement 10-K etc.)
- Demonstrated communication interpersonal organizational and negotiating skills.
- Excellent sales and marketing skills
- Ability to work in a collaborative team environment
- People management experience
- Ability to share knowledge and develop staff
- Advanced computer skills preferred (ability to work comfortably with various IT systems)
The pay range for the role is $148500 to $198000. 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.
Key Skills
- Presentation Skills
- Risk Management
- Financial Services
- IFRS
- Banking
- Pricing
- Analysis Skills
- Securities Law
- Investment Banking
- Relationship Management
- Strategic Planning
- Leadership Experience
About Company
Chubb Life has been in Egypt since 2003. Chubb Life is the international life insurance division of Chubb - the world's largest publicly traded property and casualty insurance company by market capitalization.
