Executive Underwriter

Chubb; Philadelphia (Philadelphia County); On-site; USD 90,000 - 130,000; Full time

Job summary

A leading insurance company is seeking an experienced Executive Underwriter to join their Primary Construction team in Philadelphia, PA. This role involves managing a complex portfolio of construction accounts, evaluating risks, and driving growth while maintaining strong relationships with clients and brokers. Ideal candidates will have a Bachelor's degree and substantial underwriting experience, with strong interpersonal and analytical skills crucial for the role.

Qualifications

• At least 5+ years underwriting experience, including primary casualty loss sensitive space.
• Strong knowledge of Workers Compensation, General Liability, and Auto Liability.
• Ability to analyze claims and loss trends.

Responsibilities

• Underwrite and manage diverse accounts within the construction industry.
• Evaluate risks, determine pricing, and ensure adherence to guidelines.
• Mentor junior underwriters and maintain service standards.

Skills

Interpersonal skills

Communication skills

Negotiation skills

Analytical skills

Education

Bachelor’s degree

Job description

Chubb Primary Construction is seeking an experienced Executive Underwriter to join our team in Philadelphia, PA. As a key member of our Primary Construction team, the Executive Underwriter will be responsible for underwriting and managing a diverse portfolio of primary construction accounts across the Mid-Atlantic, Southeast and Northeast regions. The core lines of business include Workers Compensation, General liability, and Auto Liability.

The Executive Underwriter will:

• Underwrite and manage a portfolio of large, complex, loss sensitive accounts within the construction industry. These include annual contractor practice programs, multi-year wrap-ups and project-specific programs.
• Evaluate construction risks, analyze exposures, and determine appropriate pricing, program structure, coverage, terms, and conditions, for both new and renewal business, ensuring adherence to underwriting guidelines and company standards.
• Drive growth and ensure retention of your assigned book of business.
• Develop and maintain strong relationships with brokers and clients.
• Work closely with internal teams including claims, risk control, actuarial, credit, and other business units to create comprehensive solutions for our clients.
• Mentor and train junior underwriters, providing guidance and technical expertise.
• Maintain service standards by timely response to broker requests, submission of quotations, binders, policies, endorsements, file construction and documentation.

Qualifications

• Bachelor’s degree
• At least 5+ years underwriting experience, including time spent in the primary casualty loss sensitive space. Background in construction industry is preferred, but not required.
• Local broker and insurance marketplace relationships
• Understanding and adherence to organizational and regulatory rules, and ability to adhere to underwriting authority.
• Understanding of Workers Compensation, General Liability, and Auto Liability Insurance coverage, terms, and conditions.
• Understanding of large deductible programs and the credit and collateral implications of such programs
• Ability to identify risk exposures, special or common hazards, and appropriate controls. Ability to select risk based on exposure and hazard analysis. Ability to analyze claims and loss trends.
• Excellent interpersonal, communication and relationship-building skills
• Strong negotiation, presentation, and public speaking skills.