Since 1882, Chubb & Son, a division of Federal Insurance Company has been delivering exceptional property and casualty insurance products and services to businesses and individuals around the world.
Chubb has maintained its reputation and financial stability by following the slogan \"Never compromise integrity.\" Each of our 10,100 employees worldwide works toward the goal of satisfying customers by bringing professional excellence and fairness to each transaction.
Today, Chubb stands among the largest property and casualty insurers in the world. The principles of financial strength, proficient underwriting, conservative investment, excellent service, and a deep respect for all of our employees have been mainstays of our organization for 129 years.
Currently, Chubb is seeking a Specialty Underwriter for our Philadelphia Branch. The ideal Underwriter will have experience handling specialty products for private companies and non-profit organizations.
The Philadelphia Branch has a large agency plant (80 agents), which allows for significant concentration on growth of our Forefront business as well as other areas. The Branch territory includes Philadelphia Metro and Southern N.J. areas. The role will include a renewal book of $2.5-3.0 million with accounts averaging greater than $35,000 in written premium. In addition, the role is responsible for generating over $1 million in new business each year. The successful candidate will utilize DecisionPoint, New Business Underwriters, as well as their own underwriting skills to generate the new business. In addition, the candidate will collaborate with renewal underwriters to manage the agency relationships and customer experience. The successful candidate will have a strong responsibility to ensure obligations are made and kept with agency partners; binding emotionally and intellectually with customers to create success. The candidate will need a strong desire to collaborate and generate a win/win environment. The candidate must have the ability to effectively communicate and leverage positive relationships across multiple business units and at many levels in the organization.
Major Job Functions:
* Utilizes appropriate tools to underwrite new and renewal business within area of product, customer and/or industry expertise. Ability to conducts in-depth risk analysis and develops optimal program structure as well as transact less complex flow business. * Maintains underwriting quality standards. Including appropriate documentation relating to final underwriting decision. * Serves as point person for managing CSI presence in assigned territory. Maintain high visibility through proactive renewal communication, coverage features and visitation. * Collaborate with USB, Marketing Managers and Branch Managers on new business and retention opportunities. * Participate in projects with Strategic Marketing and other Home Office personnel that will drive field business. Examples include Win-Back Campaign and DecisionPoint Elite team. * Supports and collaborates on Branch distribution management activities. As part of the Branch agency planning process, conducts analysis of agency's NAFL book of business and works with Branch NAFL Manager to establish new business goals. * Collaborates with field in educating agents on products, services, automation, and underwriting standards as well as sales/marketing techniques. Participates in agent education events including CE courses and product fairs within area of underwriting expertise * Informs manager of coverage and/or product opportunities/weaknesses impacting growth potential; gathers pertinent competitive information to assist in developing product development recommendations. * Identify Strategic Alliance opportunities and work with Chubb resources to develop those alliances into growth opportunities. * Coach and develop new team members whether locally or in underwriting centers. Engaging in an environment that leverages diverse perspectives and embraces all members of the team.
* Deal-Making and Negotiation: Proven ability to find creative solutions that strike appropriate balance between insured and producer needs while adhering to company/ NAFL underwriting standards. Identifying when to use additional resources to close those opportunities. * Sales and Marketing: Knowledge of Chubb products, competitors, customers, and marketplace within dedicated area of expertise. Demonstrated ability to develop and implement effective growth and retention strategies. Proven prospecting skills and effective use of CSI sales and marketing tools, including the Salesforce platform. * Distribution Management: Ability to build strong agency relationships and manage expectations under changing market conditions. * Collaboration: Ability to work collaboratively with multiple Business Units, Underwriting Centers, Branch and Home Office stakeholders. Demonstrates effective consultation and partnering skills.\\ * Communication: Demonstrated ability to differentiate the Chubb proposal by effectively articulating (verbally and in writing) CSI strategy, appetite and capabilities. Ability to question and listen to wants/needs of customers. * Experience with Lines D&O, EPL, Fiduciary, Miscellaneous Professional, Cyber Liability, Employed Lawyers, Crime, Kidnap & Ransom and Workplace Violence lines of business * Bachelors degree required * Minimum five years of experience in underwriting * Demonstrated record of teamwork, communication management and integrity * Results orientation * Effective influence management and collaboration
Chubb strives to offer a diverse and inclusive and rewarding work environment. Teamwork and mutual respect are central to how Chubb operates and we believe the best solutions draw upon diverse perspectives, experiences and skills. We operate in such a way where everyone, regardless of their singular background has the opportunity to contribute to our collective success.
Chubb offers a competitive compensation package and comprehensive benefits package including life, health and dental, vision, a generous retirement savings plan, disability coverage, stock purchase plan, flexible spending accounts, tuition reimbursement, and business casual dress. At Chubb, we are committed to equal employment opportunity and compliance with all laws and regulations pertaining to it. Our policy is to provide employment, training, compensation, promotion, and other conditions or opportunities of employment, without regard to race, color, religion, age, sex, sexual orientation, transgender, national origin, disability, genetic information, veteran, or marital status, or any other characteristic protected by law.
Associated topics: underwriter
* The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.