Executive Underwriter

Chubb; Chicago (IL); On-site; USD 114,000 - 195,000; Full time

Job summary

Chubb is seeking a Senior or Executive Casualty Underwriter to join its team in Chicago. The position focuses on underwriting individual risks while applying financial and risk assessment skills. The ideal candidate will possess strong knowledge of insurance practices and demonstrate leadership abilities.

Qualifications

• 5-7 years of underwriting experience required.
• Experience with multiple lines of insurance is essential.
• Knowledge of insurance concepts and practices is necessary.

Responsibilities

• Underwrite individual risks to ensure profitability.
• Solicits new and renewal submissions from brokers.
• Guide and mentor junior staff.

Skills

Risk Assessment

Financial proficiency

Marketing and communications

Systems and programs

Oral and written communication skills

Education

5-7 years underwriting experience

Experience with multiple lines of insurance

Knowledge of insurance industry

Tools

Microsoft Word

Microsoft Excel

Microsoft Outlook

Job description

Westchester, a Chubb Company, is seeking a Senior or Executive Casualty Underwriter to join our Property & Casualty team. The role is focused on achieving profitable underwriting results through growth, development, servicing, and underwriting of Westchester’s business.

TheSenior/Executive Underwriter’s primary responsibility is to underwrite individual risks through a demonstration of the following skills and abilities:

• Fundamentals of coverage, terms and conditions. Ability to offer coverage, terms and conditions which generate a profit for the Company while meeting the needs of the customer.
• Risk Assessment. Ability to identify risk exposures, special or common hazards, and appropriate controls. Ability to select risk based on exposure and risk analysis. Ability to analyze claims and quantify losses.
• Financial proficiency. Understanding of financial statements and ratios used in risk analysis. Understanding of insurance financial fundamentals; impact of underwriting decisions on company assets. Ability to understand credit risk.
• Actuarial fundamentals. Ability to understand loss trends, loss triangles, and ratemaking. Ability to quantify risk based on experience history and forecasting methods.
• Marketing and communications. Ability to sell and negotiate to achieve bottom line profitability for the Company. Ability to make presentations and communicate articulately. Ability to base communications on strategic thinking. Ability to manage producer strategy.
• Systems and programs. Ability to use systems and software programs needed to conduct daily business.

Duties may include but are not limited to:

• Solicits new and renewal submissions from brokers
• Determines terms and conditions and complex rating plans
• Binds coverage
• Documents the underwriting files
• Handles more complex files and portfolios within underwriting authority
• Guides and mentor’s junior staff.

Qualifications

• 5-7 years underwriting experience
• Experience with multiple lines of insurance
• Knowledge of insurance industry
• Knowledge of underwriting concepts, practices, and procedures
• Microsoft Word, Excel, and Outlook
• Internet usage
• Oral and written communication skills
• Basic leadership skills.

The pay range for the role is $114,600 to $194,800. 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 foundon 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.

Job Info

• Job Identification 16851
• Job Schedule Full time
• Regular or Temporary Regular
• Business Unit United States
• Legal Employer Westchester Fire Insurance Co.

525 W. Monroe St., Suite 1100, Chicago, IL, 60661, US