Senior UnderwriterExecutive Underwriter- Environmental Risk
Job Summary
KEY OBJECTIVE:
Environmental is looking for an applicant to fill the position of Senior Underwriter/Executive Underwriter. The Senior Underwriter/Executive Underwriter will be charged with directly underwriting and growing a book consisting of Site pollution and CPL and excess accounts. The underwriter will be responsible for aggressively marketing to their assigned brokers to bring in opportunities and will work closely with the respective manager of the region as well as various Business Development Managers across the region to position this portfolio within Chubb underwriting guidelines and strategy for growth and profit.
MAJOR RESPONSIBILITIES:
Individual Production/territory management related duties:
Work collaboratively with Regional Manager Underwriting Team and other unit and region colleagues
Execute regional marketing and sales strategies including prospecting cross sell and upsell initiatives
Negotiates pricing terms and conditions for environmental accounts using assigned underwriting authority and company guidelines
Risk Assessment/Identifying risk exposures special or common hazards and appropriate controls.
Selecting risk based on exposure and risk analysis.
Analyzing claims and quantifies losses.
Financial and mathematical proficiency.
Understanding of financial statements and ratios used in risk analysis.
Understanding of insurance financial fundamentals; impact of underwriting decisions on company assets.
Understanding credit risk.
Actuarial fundamentals. Ability to understand loss trends loss triangles and ratemaking.
Ability to quantify risk based on experience history and forecasting methods.
Documents the underwriting files with account review analysis and conclusions.
Ability to rate/quote/bind coverage and has a command of underwriting systems.
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.
Qualifications
6 8 years experience underwriting environmental insurance products
Bachelors degree
Knowledge of environmental insurance industry
Ability to review and analyze environmental due diligence
Ability to review evaluate and develop coverage forms and endorsements
Technical capabilities (ability to work comfortably with various IT systems)
Understanding of risk management approaches including risk transfer
Knowledge of underwriting concepts practices and procedures
Internet usage and research
Detailed understanding of company Financial Statements (Balance Sheet Income Statement 10-K etc.)
Ability to work in a collaborative team environment
Ability to share knowledge and develop staff
Oral and written communication skills
Negotiation & Marketing skills
At Chubb we are committed to providing equal employment opportunities to all employees and applicants. It is our policy to provide equal employment opportunities to employees and applicants based on job-related qualifications and ability to perform a job. If you require an accommodation during the hiring process or upon hire please inform Human Resources. If a selected applicant requests accommodation during the recruitment process Chubb will consult with the applicant in order to provide suitable accommodation that takes into account the applicants accessibility needs.
Required Experience:
Senior IC
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.