Senior Underwriter, Commercial Insurance Specialty
Share
Job Location:
Irvine, CA - USA
Monthly Salary:
$ 100000 - 165000
Posted on:
4 hours ago
Vacancies:
1 Vacancy
Job Summary
Chubb Commercial Insurance is looking for a motivated results oriented applicant to fill the position ofCore Commercial Property and Casualty Production Underwritersupporting theIrvine and San Diego branches.Commercial Insurance writes companies with revenues up to $1B including both guaranteed cost andlosssensitive program structures. This position will be charged with growing and underwriting a book of business that consistsmainly ofManufacturing Wholesale Distribution Professional Services Food Other/Business Services Real Estate and Cultural Institution Middle Market business. The position will also consist of marketing all Chubbs products to their assigned agency/broker plan to bring in opportunities and profitably grow the Commercial Insurance book of business.The position will work closely with all Commercial Insuranceresourcesboth local Territory Underwriting Manager Industry Practice/LOB leaders and Home Office Personnel.
Role Responsibilities
The Production Underwriter will:
- Establish and develop relationships with key distribution partners to drive submissionactivity in our desired industry segments.
- Responsible for profit growth and retention of assigned bookof approximately $7M to $8M.
- Meet or exceed new business productiongoalof $1.5m whilemaintainingprofitability across assignedportfolioand adhering to authority and underwriting strategies. Includes knowledge and achievement of desired pre-bind metrics (Submissions Quote Ratio Hit Ratio Efficiency Ratio) tofacilitateprofitable growth and achieve production goals.
- Strong marketplace visibility of 10 external visits per month.
- In conjunction with Underwriter Associate meet or exceed rate exposure and retention goals to achieve desired profitability on renewal book byretainingkey assigned branch accounts and leading coordination of Loss ControlClaimsand other value-addedservice plans for service level accounts.Includes developing client relationships.
- Develop understanding of products and engage with other Chubb Business Units to aggressively cross-sell all Chubb Products and Solutions through agent/brokersand existing client relationships. Includes but is not limited to Multi-National Environmental Ocean Cargo Financial Lines Product-Recall E&O A&H etc.
- Develop andmaintaininternal relationships with local branch Territory Underwriting Manager Line of business/Industry Practice Leaders and Home Office personnel.
Qualifications
- Bachelors degree or greater or commensurate experience.
- 4 years of commercial underwriting experience preferably in the core middle market property and casualty segment. Strong understanding of Property General Liability Auto Workers Compensation Umbrella and International Lines of Business.
- Local Broker and Marketplace relationships.
- Strong marketing and negotiation skills withfocuson building and developing external relationships.
- Demonstrates ability toeffectivelyprepare for meetings to efficiently driveobjectives.
- Strong technical underwriting skillset in areas including exposure/control analysis coverage forms and policy structurelosspicks and profitability analysis and rating.
- Ability to work efficiently in a strongfast-pacedteam environment.
- General understanding of underlying insurance business regulatory environment and strong adherence to underwriting authority.
- Proficiencyin Microsoft Office Suite.
The pay range for the role is $100000 to $165000. 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 foundon our careers website. The disclosed pay range estimate may be adjusted for the applicable geographic differential for the location in which the position is filled.
Required Experience:
Senior IC
Key Skills
- Time Management
- GIS
- Typing
- Microsoft Office
- Microsoft Access
- Microsoft Outlook
- Workers' Compensation Law
- Benefits Administration
- Underwriting
- Administrative Experience
- negotiation
- Aviation 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.
