Senior Underwriter, Property Major Accounts

Chubb; City Of London; On-site; GBP 65,000 - 90,000; Full time

Job summary

A leading global insurance company in London seeks an experienced Senior Underwriter to manage underwriting profit goals in Property Major Risks. This role involves underwriting new business, formulating strategies to ensure profitability, and collaborating with internal teams. The ideal candidate will have in-depth knowledge of multinational property underwriting and experience in client management. Competitive salary and comprehensive benefits package offered.

Benefits

Pension and annual bonus scheme

25 days annual leave plus 5 additional days

Private Medical cover

Employee Share Purchase Plan

Life Assurance

Subsidised gym membership

Comprehensive Learning & development offerings

Employee Assistance program

Qualifications

• Comprehensive understanding of the insurance market and competitors.
• Proven ability to make independent decisions and work on initiative.
• Significant market experience and ongoing skill development.

Responsibilities

• Underwrite new business according to guidelines and budget.
• Formulate underwriting strategy and manage portfolio profitability.
• Develop products to improve client retention and new business.

Skills

Multinational Property Underwriting knowledge

Experience with brokers and clients

Results-driven decision-making

Leadership and mentoring

Education

ACII qualification

Job description

The Major Accounts Division of Chubb in the UKI focusses on complex and risk managed Insureds, who have an annual Turnover in excess of $500m. The majority of these clients are underwritten within the London branch, and the division has seen sizeable growth and continued strong profitability over a number of years.

Continuing profitable growth is a key priority for the business, with a focus on aligning the changing needs and wants of customers with sound underwriting judgement and risk selection.

With dedicated market leading experienced professionals, the Major Accounts division is primed for further growth in the coming years, and we need an experienced Senior Underwriter to help ensure our success in the UKI business.

Role Purpose

To set, implement and achieve underwriting profit goals in Property Major Risks in accordance with business plan. To ensure underwriting integrity through appropriate deployment of capacity whilst working within Chubb’s underwriting guidelines and controls, consistency of approach towards risk selection, pricing, and use of capacity whilst recognising market conditions.

Key Responsibilities

• Underwrite new business or renewals according to defined underwriting guidelines, specified budget and local business plan.
• Assist in formulating underwriting strategy, forecasts and portfolio management in order to achieve underwriting profitability. To ensure quality control within defined area of responsibility by undertaking quantitative underwriting reviews and peer reviews.
• Prioritise and develop products within area of specialist expertise in order to improve client retention and new business. This may involve collaborating with peers within and across business lines in Europe as well as globally.
• Represent and promote CHUBB corporately to brokers, internal and external clients domestically and overseas. This may involve servicing key producers and clients, monitoring business acquisition and retention as well as maximising cross-selling opportunities.
• Meet company standards in respect of policy documentation, timeframe for quoting new and renewal business and compliance issues.
• Represent and promote CHUBB and maintain a permanent contact with internal colleagues and clients as well as major domestic and overseas clients.
• Work within the framework of Chubb ethical and service standards.

Qualifications

Skills & Experience Required

• Comprehensive understanding and working knowledge of Multinational Property Underwriting, the insurance market and competitors.
• Solid experience of dealing with brokers and clients.
• Results driven with ability to make own decisions and work on own initiative.
• An experienced professional who is recognised externally.
• Experience of leadership, training, mentoring and people development is desired.
• Expected to have ACII qualification, with considerable market experience. Continues to develop technical and broader business skills.

What we offer in return

Pension and annual bonus scheme, 25 days annual leave plus ability to purchase 5 additional days, Private Medical cover, Employee Share Purchase Plan, Life Assurance, Subsidised gym membership, Comprehensive Learning & development offerings, Employee Assistance program

Integrity. Client focus. Respect. Excellence. Teamwork

Our core values dictate how we live and work. We’re an ethical and honest company that’s wholly committed to its clients. A business that’s engaged in mutual trust and respect for its employees and partners. A place where colleagues perform at the highest levels. And a working environment that’s collaborative and supportive.

Diversity & Inclusion. At Chubb we consider our people our chief competitive advantage and as such we treat colleagues, candidates, clients, and business partners with equality, fairness and respect, regardless of their age, disability, race, religion or belief, gender, sexual orientation, marital status or family circumstances.

We are committed to ensuring our recruitment process is inclusive and accessible to all. If you have a disability or long-term condition (for example dyslexia, anxiety, autism, a mobility condition or hearing loss) and need us to make any reasonable adjustments, changes or do anything differently during the recruitment process, please let us know in your application or in any future discussions with our recruiters.

https://www2.chubb.com/emea-careers/working-for-us/diversity-inclusion.aspx