Executive Underwriter, Life Sciences

Chubb; New Jersey; On-site; USD 130,000 - 165,000; Full time

Job summary

Chubb seeks an Executive Underwriter for the Life Sciences sector in Warren, NJ. This role involves managing a premium book within insurance, focusing on key relationships and growth strategies. The ideal candidate will have strong underwriting experience, particularly in property and liability insurance, combined with excellent negotiation and relationship management skills. Opportunities for career development are available within a leading global insurance provider.

Qualifications

• A Bachelor's degree or equivalent work experience required.
• 3-5 years underwriting experience preferred.
• Knowledge of insurance marketplace conditions essential.

Responsibilities

• Underwrite up to $7M-$9M in premium across Life Science portfolio.
• Establish relationships with key trading partners.
• Meet new business production goals of $1.5M - $2M.

Skills

Negotiation

Public Speaking

Relationship Management

Education

Bachelor's degree

Tools

Microsoft Office Suite

Job description

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Job Description

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

Job Description

Chubb is currently seeking a highly motivated and outgoing business professional to join the organization in an Executive Life Sciences 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
• 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
• Confidence to gain a marketplace presence and become a trusted advisor for assigned agents/brokers
• Presentation and public speaking skills
• Strong negotiations skills
  
  

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.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Insurance

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