Casualty Jr. Underwriter

Chubb External; San Juan (PR); On-site; USD 42,000 - 56,000; Full time

Job summary

Chubb External is seeking a Jr. Casualty Underwriter to analyze and underwrite general liability while balancing sales of Chubb’s insurance products with adherence to LOAs, Best Practices, and current underwriting appetite for Puerto Rico and the Caribbean.

Responsibilities include examining proposals, subscribing business, negotiating with brokers, and supporting policy issuance, claims, and endorsements as needed.

Responsibilities

• Examine insurance proposals, gather and evaluate background information to assess risk.
• Subscribe business in accordance with corporate guidelines and analyze information from agents or brokers to determine best conditions of insurance and profitability.
• Negotiate deals with brokers/agents and respond to quotation requests and inquiries.
• Analyze, monitor and handle new business through brokers and renewal accounts assigned by Manager; maintain an updated list of accounts handled monthly.
• Track monthly production goals, ensure bound accounts are registered correctly and monitor planned production.
• Visit insurance producers regularly to attract potential prospects.
• Interact with brokers, customers, other underwriters and top management externally and internally.
• Assist Operations in policy issuance and support Claims in case of a claim to interpret underwriting intent.
• Create endorsements requested by producers or needed by special business.
• Present and explain covers to insureds and prospects when needed.
• Work with all department underwriters and perform specials projects as assigned.

Job description

Role Purpose

The Jr. Casualty Underwriter is responsible to analyze and underwrite general liability while hold a delicate balance between being a salesperson by selling Chubb’s insurance products and adhering to their respective Letters of Authority (LOA’s), Best Practices and current Chubb’s underwriting appetite with authority on Puerto Rico & the Caribbean geographical area.

Key Responsibilities

• Examine insurance proposals, gather and evaluate background information in order to effectively assess the risk involved.
• Subscribe business in accordance with corporate guidelines, analyze the information provided by agents or brokers using the tools of subscription and experience in the field to establish the best conditions of assurance caring profitability.
• Negotiate deals with insurance brokers and /or agents and timely responds and quotation requests and/or inquiries.
• Analyze, monitor, work and handle new business received through brokers and renewal accounts assigned by Manager as well as maintain an updated list of accounts being handled each month.
• Keep track of their corresponding monthly production goals, including making sure bound account are registered correctly and monitoring planned production.
• Visit insurance producers at regular schedules in order to attract potential prospects.
• Interact with brokers and customers, externally and internally, other line of business underwriters and top management.
• Assist Operations Department in policy issuance as well as support Claims Department in the event of a claim under one of their accounts in order to interpret underwriting intention, if needed.
• Create endorsements that may be either requested by insurance producers or needed by a special business.
• Present and/or explain covers to insured's and to potential prospects, if needed.
• Work in conjunction with all department underwriters.
• Perform specials projects and other related duties as assigned.