Underwriter, Excess Casualty Major Accounts
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Job Location:
Philadelphia, PA - USA
Monthly Salary:
Not Disclosed
Posted on:
30+ days ago
Vacancies:
1 Vacancy
Job Summary
Contribute to the achievement of the Excess Casualty segment business plan. The Underwriter is responsible for production underwriting and maintenance of new and renewal umbrella and excess casualty accounts within a defined addition the Underwriter is responsible for establishing and cultivating business relationships with brokers and clients within the Midatlantic and Southeast region to assure the continued flow of new business opportunities while representing the Excess Casualty segment.
The Underwriters primary responsibility is to underwrite individual risks through 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 Company while meeting the needs of the customer.
Risk Assessment. Ability to identify risk exposures special or common hazards 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.
Actuarial fundamentals. Ability to understand loss trends loss triangles and ratemaking. Ability to quantify risk based on experience history and forecasting methods.
Marketing and Communications. Ability to sell and negotiate to achieve bottom line profitability for the Company. Ability to make presentations and communicate articulately. Ability to base communications on strategic thinking. Ability to manage producer strategy.
Systems and programs. Ability to use systems and software programs needed to conduct daily business.
Ability to adhere to Chubb standards on pricing and servicing.
Major Duties & Responsibilities
Duties may include but are not limited to:
Solicit new and renewal submissions from brokers
Determine terms and conditions
Document the underwriting files
Handle more complex files and portfolios within underwriting authority
Attend broker/client meeting
Qualifications
Knowledge of insurance industry underwriting concepts practices and procedures
Microsoft Word Excel and Outlook
Internet usage
Oral and written communication skills
Negotiation and marketing skills
Ability to thrive in a fast-paced deadline-driven environment
Ability to self-manage organize and prioritize work with limited direction
Key Skills
- Business Development
- Customer Service
- Annual Sales
- Contract Negotiations
- Revenue Growth
- Account Management
- Customer Base
- Customer Relationships
- New Customers
- Sales Activities
- Trade shows
- Corporate Accounts
- Sales Goals
- Sales Process
- Sales Support
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.
