Senior Underwriter - Property
Philadelphia, PA, United States
Job Description
Chubb is the world's largest publicly traded property and casualty insurer. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.
KEY OBJECTIVES
Responsible for Major Accounts Property growth and underwriting business strategies by executing upon established team action plans and goals for the Pacific region. Key measurements include achieving profitable underwriting results through the growth, development, and underwriting of the business.
MAJOR DUTIES & RESPONSIBILITIES
PROFITABILITY & PRODUCTION
Goal Achievement - Execute Chubb Major Accounts Property production and business strategies to achieve profitable results through the underwriting, development and growth of regionally produced accounts.
Maintain renewals and expand capacity to achieve renewal premium retention plan
Growth Strategies - Execute upon the assigned roles per the written regional marketing plans and strategies. This includes: Key client & broker relations including sales calls & attendant strategies
Completing target account responsibilities & cross sell strategies
Underwriting Integrity - Achieving all underwriting standards as outlined by the Major Accounts Property Home office and all applicable underwriting guidelines, authorities, and position papers. This includes: Risk Selection
Pricing & Attachments including rate change goals
Terms & conditions
Execute the Region's Major Accounts Property Marketing Plans including the development and implementation of a marketing plan for assigned producers and geographic territories. The focus should be on increased external visibility, penetrating additional distribution sources, active client relationship management, pursuit of target accounts/occupancies/markets and Chubb North America Major Accounts cross divisional efforts.
PERFORMANCE MEASURES
Achievement of premium goals & budgets
Adherence to underwriting goals, guidelines & objectives
Actuarial profitability studies on book of business
Results of underwriting audits (conducted by any party)
Leadership and mentorship abilities
Expense management for team budget within guidelines
Qualifications
2+ years of property underwriting experience
Business acumen
Leadership skills
High level of product knowledge including: Exposure analysis
Form & coverages
Rating principles and mechanics
Negotiation & presentation skills
Experience with broker relations & customer management
Strong verbal and written communication skill
Basic proficiency in Microsoft Word, Excel, Power Point
Travel may be required for client meetings/marketing trips within the Regions
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.
The pay range for the role is $80,500 to $137,000. The specific offer will depend on an applicant's 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 found on 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.
About Us
Chubb is a world leader in insurance. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.
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, religious creed, sex, gender, gender identity, gender expression, sexual orientation, marital status, national origin, ancestry, mental and physical disability, medical condition, genetic information, military and veteran status, age, and pregnancy or any other characteristic protected by law. Performance and qualifications are the only basis upon which we hire, assign, promote, compensate, develop and retain employees. Chubb prohibits all unlawful discrimination, harassment and retaliation against any individual who reports discrimination or harassment.
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