USB Professional Liability Renewal Underwriter

Chubb; Chicago (IL); On-site; USD 62,000 - 106,000; Full time

Job summary

Join a forward-thinking company as a USB Professional Liability Renewal Underwriter, where you will play a crucial role in underwriting commercial risks for clients. This position offers the opportunity to leverage your analytical skills and build strong relationships with agents and brokers. You will be part of a dynamic team focused on profitable growth and exceptional customer service. With a competitive salary range and a comprehensive benefits package, this is a fantastic opportunity to advance your career in the insurance industry.

Qualifications

• 1+ years of Underwriting experience or similar role.
• Strong track record in delivering timely quality service.

Responsibilities

• Underwrite individual commercial risks focusing on Professional Liability.
• Cultivate relationships with agents and brokers.

Skills

Analytical Skills

Negotiation Skills

Customer Service

Communication Skills

Problem Solving

Education

Bachelor’s degree in finance or business

Tools

Insurance Software

Microsoft Office Suite

Job description

USB Professional Liability Renewal Underwriter

Join to apply for the USB Professional Liability Renewal Underwriter role at Chubb

USB Professional Liability Renewal Underwriter

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Join to apply for the USB Professional Liability Renewal Underwriter role at Chubb

Job Description

Chubb’s Financial Lines division offers management liability and professional liability insurance products to companies in a broad variety of industries in the not-for-profit, privately held and public company sectors. Our unit is built upon strong underwriting expertise, market stability and capacity, exceptional claims service, financial strength and a large number of product offerings.

Job Description

Chubb’s Financial Lines division offers management liability and professional liability insurance products to companies in a broad variety of industries in the not-for-profit, privately held and public company sectors. Our unit is built upon strong underwriting expertise, market stability and capacity, exceptional claims service, financial strength and a large number of product offerings.

USB Professional Liability Renewal Underwriter

Be a part of an established leader within commercial Errors & Omissions Liability insurance. This underwriting position supports the achievement of established goals related to profitable growth, customer service, and maintaining producer relationships of the Financial Lines E&O unit for our Underwriting Service Branch (USB). The primary responsibility is to underwrite individual commercial risks within the USB, focusing on Professional Liability/E&O insurance products for clients with revenues less than $100M.

Scope

• Understand the fundamentals of insurance coverage, terms and conditions
• Cultivating relationships with agents and brokers while using relationship to place business with Chubb
• Marketing Chubb’s competitive advantages in the marketplace and negotiating pricing and terms and conditions in a competitive marketplace that meet the customer’s needs and positions Chubb to achieve a profit
• Identify, analyze, and assess risk exposures, special or common hazards, and appropriate controls
• Ability to base communications on strategic thinking and problem solving
• Ability to use systems and software programs needed to conduct daily business
• Ability to analyze claims and quantify losses
  
  

Duties May Include But Are Not Limited To

• Determines terms and conditions and utilizes complex rating plans
• Binds coverage
• Documents the underwriting files
• Handles an assigned territory/book of business
  
  

Qualifications

• Bachelor’s degree in finance or business is preferred
• 1+ years of Underwriting experience or similar role
• Demonstrated analytical skills with the ability to make expedient and sound decisions.
• Strong computer proficiency including the ability to process a large volume of business on a daily basis.
• Strong track record in delivering timely quality service to internal and external customers.
• Demonstrated success in negotiation and building collaborative relationships.
• Works effectively as part of a team; ability to balance team and individual goals.
• Anticipates and adjusts to multiple demands and shifting priorities.
• Strong oral and written communication skills.
• Customer service and/or insurance experience preferred.
• Goal oriented and results driven.
• Ability to sell and negotiate to achieve bottom line profitability.
  
  

The pay range for the role is $62,200 to $105,800. 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 at https://careers.chubb.com/global/en/north-america . 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.

Seniority level

• Seniority level

  Entry level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Insurance

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