Underwriter Chubb Global Casualty DBA
Share
Job Location:
Philadelphia, PA - USA
Monthly Salary:
Not Disclosed
Posted on:
16 hours ago
Vacancies:
1 Vacancy
Job Summary
Defense Base Act (DBA) coverage is U.S. federal workers compensation insurance for civilian employees injured or killed while working on U.S. government contracts outside the United States including on military bases public works projects and national defense contracts. As the foreign extension to the Longshore and Harbor Workers Compensation Act the DBA provides medical benefits disability compensation and death benefits for compensable claims. Employers are required to secure DBA insurance inform employees of their rights and file injury reports with the Department of Labors Office of Workers Compensation Programs (OWCP).
As a key member of the Defense Base Act team within the Chubb Multinational department the Underwriter will contribute to the achievement of profitability and production results through the growth development and underwriting of DBA programs for U.S.-government-contracting companies and addition this position is responsible for establishing and cultivating business relationships with brokers clients and other relevant spheres of influence to assure the continued flow of new business opportunities while representing all Multinational segments and products.
Day to day includes:
- Business Development & Broker Management Utilize and develop personal and business relationships with P&C brokers and producers to produce new account opportunities for the Defense Base Act segment of Chubb Multinational.
- Territory Management Execute on the sales and marketing plan for assigned territory or customers ensuring that team monthly broker calls and stewardship meetings are planned scheduled and administered in an effective fashion in order to drive new business and retain existing accounts.
- Account Targeting Have an in-depth up to date knowledge of sales territory and broker-controlled business. Be knowledgeable of existing and historic Chubb business relationships to develop prospects and target list of new business opportunities.
- Quote to Win Review new business submissions to understand the nature of the DBA risk as well as the incumbents current offering - utilize this analysis to produce and deliver winning quotes. Deliver on Chubbs industry-leading multinational capabilities expertise and service.
- Maintain and Grow Strong Broker and Client Relationships Work with brokers and clients to understand and respond to evolving broker & client needs driven by international market expansion and acquisition or through changes in geographic footprint and program structure.
- Coordination and Collaboration - Work with other Chubb underwriters within the Multinational department and across Chubb to provide holistic insurance solutions for Chubb brokers and clients.
- Understand and Manage Risk Maintain a strong profitable book of renewal business. Clearly understand nature of operations deal structure quality of information an understanding of US and local country requirements. Respond in a timely manner to any and all broker and client service requests.
- Identify opportunities to provide innovative solutions to the Defense Base Act process.
Qualifications
Bachelors degree insurance business or similar focus preferred
1-2 years of Underwriting experience or Associate Underwriting experience
Knowledge of casualty underwriting principles highly desired
Superior communication interpersonal organizational and negotiating skills
Excellent sales and marketing skills
Advanced computer skills preferred
Required Experience:
Exec
Key Skills
- Loan Processing
- Computer Skills
- Fraud
- Math
- Banking
- Pricing
- Analysis Skills
- Fair Housing Regulations
- Underwriting
- Financial Analysis
- negotiation
- Phone Etiquette
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.
