Financial Lines Underwriting Specialist

7 days ago


Chicago, Illinois, United States Chubb Full time
Job Summary

Chubb is seeking a highly skilled Insurance Underwriting Associate Representative to support the underwriting process for multiple lines of insurance coverage. As a key member of our team, you will contribute to the achievement of customer group or financial lines goals, as well as corporate goals relating to growth, profit, renewal retention, rate, exposure, service, and producer relationships.

Key Responsibilities
  • Book, bind, and issue new line and renewal policies, mid-term endorsements, and cancellations in applicable rating and issuance systems in accordance with standardized workflows and roles and responsibilities.
  • Proactively assist with account management and achievement of service goals.
  • Communicate with agents/brokers and underwriters on status of open items.
  • Ensure electronic file integrity.
  • Process cancellations, BORs, and countersigning. Research and resolve premium discrepancies and compliance-related issues.
  • Coordinate renewal process for the underwriter. Review renewal submission for technical completeness and follow up with producer for missing information.
  • Analyze renewal account-specific information (including, but not limited to, loss information, financials, application). Create underwriting analysis template and documents template with renewal changes for referral to the underwriter. Coordinate the quotation process and complete quote letter for referral to the underwriter.
Requirements
  • Strong communication, multi-tasking, and organizational skills.
  • Mathematical aptitude.
  • Knowledge of standardized workflows, roles and responsibilities, and compliance requirements.
  • Knowledge of all applicable rating and issuance systems.
  • Technology savvy including proficiency in Word and Excel.
  • Basic understanding of financial concepts and terminology.
  • Ability to organize work and perform within time constraints.
  • Strong prioritization skills.
  • Strong written and verbal communication skills.
  • Flexible and adaptable to change.
  • Good attention to detail.
Education and Experience

A college degree is preferred, and previous experience in a similar role is also preferred.



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