Underwriter - Inland Marine & Ocean Cargo

Chubb Ltd.; New York (NY); On-site; USD 83,000 - 121,000; Full time

Job summary

Chubb Ltd. is seeking a skilled Marine Underwriter for its Middle Market Commercial Insurance practice. The position entails managing a significant renewal book, driving profitable growth, and collaborating with agents and brokers in the Northeast region, requiring strong negotiation and marketing skills.

Benefits

Comprehensive benefits package

Discretionary annual incentive program

Qualifications

• 2+ years of experience in inland marine or ocean cargo.
• Proven marketing and negotiation skills.
• Strong communication, interpersonal and time management skills.

Responsibilities

• Manage a renewal book of $3M - $4M and new business goal of $1M-$2M annually.
• Develop and negotiate pricing, coverage, and terms for new business and renewals.
• Collaborate with underwriters, claims, and marketing to ensure profitability.

Skills

Sales and marketing skills

Negotiation skills

Communication skills

Job description

Underwriter - Inland Marine & Ocean Cargo

New York, NY, United States and 5 more

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Job Description

Chubb is currently seeking a skilled Marine Underwriter to join its Middle Market Commercial Insurance practice.

Position Description:

The Marine Underwriter will be responsible for a renewal book of $3M - $4M and a new business goal of approximately $1M-$2M annually. The position will be responsible for driving profitable growth with Northeast region agents and brokers. Ideally, this Underwriter will underwrite ocean cargo, builder’s risk, civil construction projects, fine arts, contractors equipment, motor truck cargo, transit, installation floaters, equipment dealers, and other marine coverages. This position will collaborate within a large team of commercial underwriters, operations, claims, marketing, and Home Office management as necessary. We are looking for a candidate who is highly motivated, results oriented with solid business and underwriting acumen.

Knowledge, Skills, and Abilities Required:

• Focused knowledge and experience in inland marine or ocean cargo. Experience underwriting both coverages is a plus.
• Underwriting duties will include developing and negotiating price, coverage, terms and conditions for all new business and renewals while actively identifying account rounding opportunities for other Chubb practices.
• This position must collaborate with other underwriters, operations, claims, marketing, and home office management as necessary. The underwriter must implement and manage effective pricing and rate strategies that will produce profitability, book growth, and successful producer relations.
• Strong sales and marketing skills are critical; must be able to demonstrate successful agency and broker management, including building, maintaining, and managing producer and customer relationships.
• Ability to identify opportunities for growth within new and existing production sources.
• Knowledge of marketing principles, pricing/rate strategies and how to apply them to attain underwriting profit.
• Candidate must possess a high degree of proficiency with the underwriting process, with a solid background in risk analysis.
• Candidate must have ability to effectively interact with all levels of customers and collaborate with a team of underwriters, claims and loss control personnel.
• Knowledge and proficiency with technical issues, compliance, coverage, products, and pricing strategies expected.

Qualifications

• 2+ years of experience in inland marine or ocean cargo
• Must have proven marketing and negotiation skills
• Strong communication, interpersonal and time management skills

The pay range for the role is $83,000 to $121,000. 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.

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.

Job Info

• Job Identification 21378
• Business Unit United States
• Legal Employer ACE American Insurance Company