Commercial Renewal Underwriter, Property
2 hours ago
Chubb Commercial Insurance is looking for an applicant to fill the position of Commercial Renewal Underwriter - Property. This Underwriter would be responsible for underwriting an assigned book of business and would service between three and six of the 14 branches in the Midwest region branches.
Commercial Insurance writes companies with revenues up to $1B . This underwriter will be charged with directly underwriting and growing a book consisting of middle market business.
The position will be charged with building strong relationships with their assigned agency/broker plant to retain accounts and will work closely with the respective Commercial Insurance Managers, Industry Practice Leaders, Territory Underwriting Managers and Home Office line of business leaders to position this portfolio within Commercial Insurance for growth and profit.
Responsibilities
The Renewal Underwriter will:
- Underwrite primarily renewals for an assigned book of business.
- Establish relationships with key trading partners and drive strong account retention activity across assigned territory.
- In conjunction with the Underwriter Associate, retain key assigned renewals and lead coordination of Risk Engineering & Claims Service where needed.
- Meet or exceed growth goals while maintaining profitability across assigned portfolio and adhering to authority and strategies.
- Maintain and develop relationships with the branch, our agents, brokers and clients.
- Be responsible for profit, growth and retention of assigned book.
Competencies/Technical Skills:
- Proven ability to successfully negotiate on all levels and develop producer relationships
- Demonstrate ability to analyze risks, prioritize the gathering of underwriting data, and clearly communicate a well thought out underwriting approach
- Excellent communication and documentation skills required
- Ability to work independently, show initiative, while demonstrating strong collaboration skills in a team environment
- Strong time and desk management skills
Working knowledge of Microsoft Office Suite as well as other business-related software
Bachelor's degree
- 1-3 years of underwriting experience
- Confidence to gain a marketplace presence and become a trusted advisor for assigned agents/brokers.
- Presentation and public speaking skills
- Strong negotiations skills
- Knowledge and understanding of current insurance marketplace conditions
- Understanding and adherence to organizational and regulatory rules, and ability to adhere to underwriting authority
- Understanding of property insurance coverage, terms and conditions.
- Proficiency in Microsoft Office Suite
- Local broker and insurance marketplace relationships preferred but not required.
The pay range for the role is $85,000 to $130,000. 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.
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.
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