Senior Underwriter

Chubb; Boston (MA); On-site; USD 67,000 - 96,000; Full time

Job summary

A leading global insurer is seeking a Senior Underwriter to manage relationships with brokers and drive new business for their multinational operations. The role involves underwriting complex risks, managing broker interactions, and mentoring junior staff, requiring a Bachelor's degree and several years of underwriting experience.

Benefits

Comprehensive benefits package

Generous retirement savings plan

Tuition reimbursement

Qualifications

• 3+ years of Underwriting experience
• Knowledge of Controlled Master Programs is highly desirable

Responsibilities

• Solicits new and renewal submissions from brokers
• Determines terms and conditions and complex rating plans
• Handles more complex files and portfolios within underwriting authority

Skills

Knowledge of insurance industry

Underwriting concepts

Interpersonal Skills

Communication skills

Technology skills

Education

Bachelors' degree

Tools

Microsoft Word

Excel

Outlook

Job description

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Description

Chubb is the world’s largest publicly traded property and casualty insurer. 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.

Job Description

Senior Underwriter – Multinational

Description

Chubb is the world’s largest publicly traded property and casualty insurer. 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.

Details Of This Critical Opening Follow

• Business Development & Broker Management – Utilize and develop personal and business relationships with P&C brokers and producers to produce new account opportunities for Chubb Multinational.
• Broker/Territory Management – Execute on the sales and marketing plan for assigned territory or broker, ensuring that monthly broker calls and stewardship meetings are planned, scheduled and administered in an effective fashion in order to drive new business and retain existing accounts.
• Account Targeting – Harvest personal knowledge of sales territory and broker-controlled business as well as existing and historic Chubb business relationships to develop and refine a long-term prospecting and short-term target list of new business opportunities.
• Quote to Win – Review new business submissions to understand the nature of the international casualty risk as wells as the incumbent’s current offering – utilize this analysis to produce and deliver winning quotes.
• Service Brokers and Clients to Grow – Work with brokers and clients to understand and respond to evolving client needs driven by international market expansion and acquisition or through changes in geographic footprint and program structure.
• Understand and Manage Risk – Embrace the challenge of producing and underwriting profitable new business opportunities. Nature of operations, deal structure, quality of information, an understanding of U.S. and local country requirements, and Chubb’s industry-leading multinational capabilities are all key to putting the right business on the books and growing profitably over time.
  
  

Major Duties And Responsibilities

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 mentors junior staff
  
  

Qualifications - External

Minimum Requirements

• Knowledge of insurance industry
• Knowledge of underwriting concepts, practices, and procedures
• Bachelors’ degree
• 3+ years of Underwriting experience
  
  

Desired Qualifications

• Knowledge of Controlled Master Programs and international casualty underwriting principles highly desirable
• Sales experience preferred but not required
• Outstanding Interpersonal Skills. Ability to establish trust and effective working relationships with team, field marketing and customer
• Superior communication (oral and written), interpersonal and negotiating skills
• Great technology skills (Microsoft Word, Excel, Outlook) and internet marketing skills are a plus
  
  

Chubb offers a competitive compensation package and comprehensive benefits package including life, health and dental, vision, a generous retirement savings plan, disability coverage, stock purchase plan, flexible spending accounts, tuition reimbursement, and business casual dress. 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, religion, age, sex, sexual orientation, transgender, national origin, disability, genetic information, veteran or marital status, or any other characteristic protected by law.

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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