Senior Underwriter, D&O
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Job Location:
Philadelphia, PA - USA
Monthly Salary:
Not Disclosed
Posted on:
30+ days ago
Vacancies:
1 Vacancy
Job Summary
Westchester is the Wholesale-Only Excess and Surplus specialty product group within Chubb. Westchester products meet the needs of brokers whose clients have complex difficult-to-place risks in the areas of property casualty financial lines product recall inland marine and environmental insurance.
The Senior Underwriters primary responsibility is to underwrite individual D&O and ancillary lines risks for privately held and not-for-profit companies.
Major Duties & Responsibilities:
Solicit new and renewal submissions from brokers
Foster relationships with wholesale brokers inclusive of weekly phone calls/emails and marketing trips as determined by you and your manager.
Underwrite accounts and determine terms and conditions to be offered (with help from manager)
Quote and Bind coverage
Document the underwriting files and applicable systems
Qualifications
3 years of Underwriting experience
Experience in D&O is preferred
Business Acumen
Proven Broker Relations & Customer Management Skills
Strong Verbal and Written Communication Skills
Strong Organizational Skills with Attention to Detail
Ability to Work Effectively in a Team
Basic Proficiency in Microsoft Word Excel Power Point
Critical Competencies:
Fundamentals of coverage terms and conditions - Ability to offer coverage terms and conditions which generate a profit for the Westchester Financial Lines department while meeting the needs of the customer.
Risk Assessment - Ability to identify Wholesale D&O EPL FID Crime and/or K&R risk exposures for privately held and not-for-profit companies. Ability to identify special or common hazards loss trends 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.
Marketing and Communications - Ability to sell and negotiate to achieve bottom line profitability for the Company. Ability to base communications on strategic thinking and articulate clearly with brokers.
Systems and programs - Ability to use systems and software programs needed to conduct daily business.
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.
