Senior Underwriter, Financial Lines/PNP

Chubb; Chicago (IL); On-site; USD 90,000 - 120,000; Full time

Job summary

Chubb is seeking a Senior Underwriter to manage private equity-backed accounts in the Midwest. This role focuses on financial performance, relationship management, and developing strategies to ensure the growth and profitability of insurance products. Ideal candidates will have strong analytical and negotiation skills along with 3 to 5 years of relevant underwriting experience.

Benefits

Comprehensive benefits package

Participation in discretionary annual incentive program

Qualifications

• Minimum 3 to 5 years’ experience in Private and Not-for-Profit Management Liability underwriting.
• Experience with private equity-backed business preferred.

Responsibilities

• Manage personal book of business across various financial lines.
• Develop and negotiate pricing, coverage, and terms for renewals.
• Collaborate with producers and manage customer relationships.

Skills

Analytical skills

Sales proficiency

Negotiation skills

Interpersonal skills

Communication skills

Decision-making skills

Education

Bachelor's degree or equivalent experience

Tools

Microsoft Office Suite

Job description

We are seeking a Senior Underwriter to join our National Private Equity Practice for our Financial Lines / Private and Not-for-Profit Insurance Products. The PNP Underwriter will be accountable for the growth and profitability of private equity-backed accounts for the Midwest Region.

Personal Book of Business:

• Financial performance, including profit, rate, retention, and growth, of a personal book of business consisting of D&O, EPL, Fiduciary, Employed Lawyers, Crime, K&R/Extortion, and Workplace Violence lines of business.
• Successful market penetration and agency management including building, maintaining and managing producer and customer relationships
• Developing personal agency strategy and goals with continual monitoring of progress
• Identifying cross sell opportunities within commercial products and services on personal book of business
• Soliciting, selecting and analyzing risk within PNP guidelines and ensuring proper documentation
• Developing and negotiating price, coverage, and terms and conditions for all new business and renewals and actively identifying account rounding opportunities
• Meeting with producers and renewal customers to make sales presentations including product education and new product roll out
• Collaborating with underwriters, operations, claims, marketing and home office product management
• Consistently meeting service standards
• Collecting and sharing industry intelligence with team, including industrytrending and development

Qualifications

Knowledge, Skills and Abilities:

• Demonstrated technical expertise in Financial Lines/Management Liability insurance products
• Strong analytical skills
• Demonstrated proficiency in sales, marketing and negotiation
• Strong interpersonal, communication and negotiation skills
• Ability to effectively interact with all levels of internal and external business partners
• Experience developing and executing on marketing plans and prospects
• Ability to be creative and adaptable in a changing business environment while executing all Corporate Strategies
• Sound, balanced, and timely decision-making skills
• Knowledge of MicrosoftOffice Suite as well as other business-related software

Education and Experience:

• Bachelor's degree or equivalent experience
• Minimum 3 to 5 years’ experience in Private and Not-for-Profit Management Liability Underwriting
• Private equity-backed business experience preferred, but not required
• Underwriter

The pay range for the role is $90,000 to $120,000. 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 found on 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.