Executive Underwriter, Life Sciences

Chubb; New Jersey; On-site; USD 1,500,000 - 2,000,000; Full time

Job summary

An established industry player is looking for a dynamic Executive Life Science P&C Underwriter to join their team in New Jersey. This role involves underwriting a significant book of business in the Life Science sector, with responsibilities including relationship management, profit retention, and aggressive marketing to brokers. The ideal candidate will possess strong negotiation and presentation skills, along with a solid understanding of underwriting principles and the insurance marketplace. This is a fantastic opportunity to make a significant impact in a collaborative environment focused on growth and success.

Qualifications

• 3-5 years of underwriting experience required.
• Strong negotiation and presentation skills are essential.

Responsibilities

• Establish relationships with key trading partners and drive submission activity.
• Meet or exceed new business production goals while maintaining profitability.

Skills

Underwriting

Negotiation Skills

Presentation Skills

Public Speaking

Relationship Management

Education

Bachelor’s Degree

Equivalent Work Experience

Tools

Microsoft Office Suite

Job description

Chubb is currently seeking a highly motivated and outgoing business professional to join the organization in an Executive Life Science P&C Underwriter position in our Warren, NJ office.

This underwriter would be responsible for underwriting an assigned book of up to $7M-$9M in premium across our Life Science Property & Casualty portfolio. Our target lines of business are Property, GL, Products Liability, Errors and Omissions, Workers Comp, Auto, Property and Umbrella. This underwriter will be charged with directly underwriting and growing a book consisting of risks within the Life Science industry. The position will be charged with aggressively marketing to their assigned agency/broker plant to bring in opportunities and will work closely with the respective Commercial Insurance Managers, Industry Segment Executive Field Underwriters and Home Office to position this portfolio within Commercial Insurance for growth and profit.

Travel within the Region will be required and establishing strong agency relationships will be key to success in this role.

RESPONSIBILITIES:

• Establish relationships with key trading partners and drive submission activity across assigned Agents & Brokers in our desired industry segments.
• Responsibility for profit, growth and retention of assigned book. This will consist of $7M-$9M in business.
• Meet or exceed new business production goals ($1.5M - $2M) while maintaining profitability across assigned portfolio and adhering to authority and strategies.
• In conjunction with Underwriter Associate, retain key assigned renewals and lead coordination of Loss Control & Claims Service plans for service level accounts.
• Maintain and develop relationships with the branch, our brokers and clients.
• Develop a prospect pipeline with our major trading partners, as well as engaging other business units for cross-selling opportunities.

QUALIFICATIONS:

• Bachelor’s degree or equivalent work experience
• 3-5 years underwriting experience
• Confidence to gain a marketplace presence and become a trusted advisor for assigned agents/brokers.
• Presentation and public speaking skills
• Strong negotiations skills
• Knowledge and understanding of current insurance marketplace conditions
• Understanding and adherence to organizational and regulatory rules, and ability to adhere to underwriting authority
• Understanding of Workers Compensation, General Liability, Property and Auto Liability Insurance coverage, terms and conditions.
• Proficiency in Microsoft Office Suite