Senior Underwriter, PrivateNon Profit
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Job Location:
Philadelphia, PA - USA
Monthly Salary:
Not Disclosed
Posted on:
30+ days ago
Vacancies:
1 Vacancy
Job Summary
Chubb is seeking a Senior Private/Non Profit Underwriter for our Philadelphia Branch. The ideal Underwriter will have experience handling financial lines products for private companies and non-profit organizations.
The PhiladelphiaBranch has a large agency plant (80 agents) which allows for the significant concentration of growth of our Forefront product. The branch territory includes the Philadelphia and Southern N.J. areas. The role will include managing a renewal book of $2-$3M with accounts of various addition the role calls for the production of $1M in new business each year. The successful candidate will utilize Marketplace the NBS as well as their own underwriting & marketing skills to generate new candidate will collaborate with our renewal underwriters in the USB and manage local agency relationships and overall customer experience.
We are looking for someone with a strong sense of responsibility to ensure our obligations are upheld with agency partners. The candidate will build relationships with our distribution partners to be successful. The individual must effectively communicate with internal & external stakeholders and leverage relationships to help profitably grow Chubbs business.
Major Job Functions:
- Utilizes appropriate tools to underwrite new and renewal business within area of product customer and/or industry expertise. Ability to conduct in-depth risk analysis and develop optimal program structure as well as transact less complex flow business.
- Maintain underwriting quality standards including appropriate documentation related to final underwriting decision.
- Serves as point person for managing Private & Not-for-Profit Financial Lines presence in assigned territory. Maintain high visibility through proactive renewal communication coverage features and external visitation.
- Collaborate with USB Marketing Managers and Branch Managers on both renewal and new business opportunities.
- Participate in projects with Strategic Marketing and other Home Office personnel that will drive field business.
- Supports and collaborates on Branch distribution management activities. As part of the Branch agency planning process conducts analysis of agencys NAFL book of business and work with Branch NAFL Manager to establish new business goals & strategy.
- Collaborates with field in educating agents on products services automation and underwriting standards as well as sales/marketing techniques. Participates in agent education events including CE courses and product fairs within area of underwriting expertise
- Informs manager of coverage and/or product opportunities/weaknesses impacting growth potential; gathers pertinent competitive information to assist in product development recommendations.
- Identify Strategic Alliance opportunities and work with Chubb resources to develop those alliances into growth opportunities.
- Engage in an environment that leverages diverse perspectives and embraces all members of the team.
Qualifications
Critical Competencies:
- Deal-Making and Negotiation: Proven ability to find creative solutions that strike appropriate balance between insured and producer needs while adhering to Chubb underwriting standards. Identifying when to use additional resources to close those opportunities.
- Sales and Marketing: Knowledge of Chubb products competitors customers and marketplace within dedicated area of expertise. Demonstrated ability to develop and implement effective growth and retention strategies. Proven prospecting skills and effective use of Financial Lines sales and marketing tools.
- Distribution Management: Ability to build strong agency relationships and manage expectations under changing market conditions.
- Collaboration: Ability to work collaboratively with multiple Business Units Underwriting Centers Branch and Home Office stakeholders. Demonstrates effective consultation and partnering skills.
- Communication: Demonstrated ability to differentiate the Chubb by effectively articulating (verbally and in writing) Financial Lines strategy appetite and capabilities. Ability to question and listen to wants/needs of customers.
- Experience with Financial Lines products specifically: D&O EPL Fiduciary Employed Lawyers Crime Kidnap & Ransom and Workplace Violence lines of business
Desired Qualifications:
- Bachelors degree required
- Minimum 3-4 years of underwriting experience
- Demonstrated record of teamwork communication management and underwriting integrity
- Results oriented
- Influence management and proven ability to balance multiple stakeholder perspectives to achieve business goals
- Experience with Agency and Broker relations / customer management
Required Experience:
Senior IC
Key Skills
- Loan Processing
- Credit Analysis
- Fraud
- Math
- Risk Analysis
- Pricing
- Analysis Skills
- Fair Housing Regulations
- Equity Research
- Underwriting
- negotiation
- RMF
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.
