Senior Underwriter, Property
4 days ago
Chubb is seeking a Senior Underwriter to support the Property Underwriting unit. The role focuses on achieving profitable underwriting results through marketing, risk assessment, and underwriting of Westchester's Property business.
Key Responsibilities
- Develop and execute marketing plans for assigned producers and territories.
- Negotiate pricing, terms, and conditions for excess and surplus commercial property accounts using assigned underwriting authority and company guidelines.
- Risk Assessment: Identify risk exposures, special or common hazards, and appropriate controls. Select risk based on exposure and risk analysis. Analyze claims and quantify losses.
- Financial proficiency: Understand financial statements and ratios used in risk analysis. Understand insurance financial fundamentals; impact of underwriting decisions on company assets. Ability to understand credit risk.
- Actuarial fundamentals: Understand loss trends, loss triangles, and ratemaking. Quantify risk based on experience history and forecasting methods.
- Document underwriting files with account review, analysis, and conclusions.
- Binds coverage.
- Marketing and Communications: Sell and negotiate to achieve bottom-line profitability for the Company. Make presentations and communicate articulately.
Qualifications
- 3-5 years underwriting experience.
- Experience underwriting Property insurance.
- Bachelor's degree.
- Excellent skills with Microsoft Word, Excel, and Outlook.
About Us
Chubb is a world leader in insurance, providing commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients.
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