Commercial Associate Renewal Underwriter

Chubb; Philadelphia (Philadelphia County); On-site; USD 60,000 - 80,000; Full time

Job summary

A leading insurance company is seeking a Commercial Associate Renewal Underwriter to manage a diverse portfolio of commercial policies. The role focuses on underwriting, negotiating renewals, and building strong relationships with agents and brokers. Ideal candidates will have strong negotiation skills and a background in risk analysis, along with a Bachelor’s degree and relevant experience in multi-line underwriting.

Qualifications

• One to two years of multi-line underwriting experience preferred.

Responsibilities

• Underwrite and negotiate renewals for a portfolio of approximately $10.5M.
• Manage various lines of business including Package, Automobile, WC, and Umbrella policies.
• Build and maintain relationships with agents and brokers.

Skills

Negotiation

Risk Analysis

Interpersonal Skills

Communication

Analytical Skills

Education

Bachelor’s Degree

Job description

Commercial Associate Renewal Underwriter

3 days ago Be among the first 25 applicants

• Underwrite and negotiate renewals and endorsements with a total Commercial portfolio premium of approximately $10.5M / 800 policies.
• Lines of business include Package, Automobile, WC, and Umbrella policies, with account premiums generally less than $125,000. The role is responsible for various industry segments within our general Commercial Insurance portfolio.
• Achieve favorable rates and retention within the assigned territory.
• Underwriting duties will include:
  • Streamlining underwriting of Commercial accounts.
  • Marketing and servicing accounts based on Chubb guidelines.
  • Developing strong relationships with independent agents, brokers, and overseas counterparts to successfully manage our business.

Job Description

Main Responsibilities Include

• Underwrite and negotiate renewals and endorsements for a portfolio of approximately $10.5M in premiums across 800 policies.
• Manage various lines of business including Package, Automobile, WC, and Umbrella policies, focusing on accounts with premiums generally less than $125,000.
• Strive for favorable rates and high retention within your territory.
• Key underwriting tasks include:
  • Streamlining the underwriting process for Commercial accounts.
  • Marketing and servicing accounts in accordance with Chubb guidelines.
  • Building and maintaining relationships with agents, brokers, and international partners to ensure business success.

Qualifications

Skills and Competencies

• Proven negotiation skills and ability to develop producer relationships.
• Strong service orientation and risk analysis background.
• Knowledge of marketing, underwriting, and pricing strategies.
• Excellent interpersonal and communication skills.
• Ability to work independently and collaboratively with various teams.
• Understanding of emerging hazards and trends is preferred.
• Capability to coach and mentor peers.
• Extensive multi-line underwriting experience.
• Deep analytical skills and customer needs assessment capabilities.

Education and Experience

• Bachelor’s degree or equivalent experience.
• One to two years of multi-line underwriting experience preferred.

About Us

Chubb is a global leader in insurance, operating in 54 countries. We offer a range of insurance products including property, casualty, accident, health, reinsurance, and life insurance. We are committed to diversity and equal employment opportunities, ensuring a fair and inclusive workplace for all employees.