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Executive Risk Underwriter
at Chubb Group of Insurance Companies in Illinois
For more than 125 years, Chubb & Son, a division of Federal Insurance Company has been delivering exceptional property and casualty insurance products and services to businesses and individuals around the world.
Today, we are the 11th largest property and casualty insurer in the United States and have a worldwide network of some 120 offices in 28 countries staffed by 10,600 employees. The Chubb Corporation reported $50.6 billion in assets and $14.1 billion in revenues in 2007. According to Fortune magazine, Chubb is the 176th largest U.S.-based corporation. The magazine also includes Chubb in its list of "America's Most Admired Companies." Forbes listed Chubb as one of America's 400 Best Big Companies.
Chubb has maintained its reputation and financial stability with underwriting expertise, unparalleled customer service, unique industry-specific specialization and a deep respect for all of our employees.
Currently, Chubb is seeking a Professional Liability Underwriter for the Chicago Specialty Risk Center (SRC) team. The ideal underwriter will have experience handling D&O/EPL/FID products for large public or private companies.
Key Accountability
Responsible for profitable growth of assigned large, complex book of business. Underwrites new and renewal business within area of product, customer and/or industry expertise.
Major Job Functions
• Utilizes appropriate tools to underwrite large, complex new and renewal business within area of product, customer and/or industry expertise. Conducts in-depth risk analysis and develops optimal program structure.
• Maintains underwriting quality standards. Includes appropriate documentation relating to final underwriting decision.
• Serves as point person for managing assigned SRC key account relationships and expectations. Maintains high visibility through proactive key account communication and visitation.
• Develops and executes effective strategies to generate profitable SRC key account business growth. Collaborates with Branch and Chubb Specialty Insurance (CSI) management on new business and retention opportunities.
• Analyzes opportunities and creates business development strategy for assigned book of business. Prospects for large, complex new business within specialty area. Includes driving SRC account rounding, cross-selling and alliance opportunities.
• Supports and collaborates on Branch sales and marketing initiatives. Includes assisting with new product launches and local marketing campaigns, as appropriate.
• Supports and collaborates on Branch agency management activities including agency analysis and planning, education, and visitation. As part of the Branch agency planning process, conducts analysis of agency's SRC book of business and works with Branch CSI Manager to establish SRC new business goals.
• Collaborates with field in educating agents on products, services, automation, and underwriting standards as well as sales/marketing techniques. Participates in agent education events including CE courses and product fairs within area of underwriting expertise.
• For assigned SRC producers, manages SRC agency relationships and expectations. Leads/participates in SRC agency analysis and planning. Develops and executes on an effective agency strategy to grow the business.
• Informs manager of coverage and/or product opportunities/weaknesses impacting growth potential; gathers pertinent competitive information to assist in developing product development recommendations.
Critical Competencies
• Underwriting Acumen: Demonstrates deep technical knowledge of Chubb products, competitors, customers and market place within dedicated area of expertise. Exhibits rigor and expertise in underwriting large, complex accounts within specialty area.
• Account Management: Demonstrated ability to build strong SRC key account relationships and manage customer expectations under changing market conditions. Proven track record in promoting business retention and growth.
• Deal-Making and Negotiation: Proven ability to find creative solutions that strike appropriate balance between insured and producer needs while adhering to company/ CSI underwriting standards. Comfortable walking away from the deal, if necessary.
• Sales and Marketing: Knowledge of Chubb products, competitors, customers, and marketplace within dedicated area of expertise. Demonstrated ability to develop and implement effective growth and retention strategies. Proven prospecting skills and effective use of CSI sales and marketing tools.
• Agency Management: Ability to build strong agency relationships and manage expectations under changing market conditions. Record of results in promoting business retention and growth.
• Collaboration: Ability to work collaboratively with multiple SBU, Branch and Home Office stakeholders. Demonstrates effective consultation and partnering skills.
• Communications: Demonstrated ability to differentiate the Chubb proposal by effectively articulating (verbally and in writing) CSI strategy, appetite and capabilities.
Education
• 4 year college degree or equivalent work experience
All interested applicants must apply online at www.chubb.apply2jobs.com Reference Requisition number 7814
Today, we are the 11th largest property and casualty insurer in the United States and have a worldwide network of some 120 offices in 28 countries staffed by 10,600 employees. The Chubb Corporation reported $50.6 billion in assets and $14.1 billion in revenues in 2007. According to Fortune magazine, Chubb is the 176th largest U.S.-based corporation. The magazine also includes Chubb in its list of "America's Most Admired Companies." Forbes listed Chubb as one of America's 400 Best Big Companies.
Chubb has maintained its reputation and financial stability with underwriting expertise, unparalleled customer service, unique industry-specific specialization and a deep respect for all of our employees.
Currently, Chubb is seeking a Professional Liability Underwriter for the Chicago Specialty Risk Center (SRC) team. The ideal underwriter will have experience handling D&O/EPL/FID products for large public or private companies.
Key Accountability
Responsible for profitable growth of assigned large, complex book of business. Underwrites new and renewal business within area of product, customer and/or industry expertise.
Major Job Functions
• Utilizes appropriate tools to underwrite large, complex new and renewal business within area of product, customer and/or industry expertise. Conducts in-depth risk analysis and develops optimal program structure.
• Maintains underwriting quality standards. Includes appropriate documentation relating to final underwriting decision.
• Serves as point person for managing assigned SRC key account relationships and expectations. Maintains high visibility through proactive key account communication and visitation.
• Develops and executes effective strategies to generate profitable SRC key account business growth. Collaborates with Branch and Chubb Specialty Insurance (CSI) management on new business and retention opportunities.
• Analyzes opportunities and creates business development strategy for assigned book of business. Prospects for large, complex new business within specialty area. Includes driving SRC account rounding, cross-selling and alliance opportunities.
• Supports and collaborates on Branch sales and marketing initiatives. Includes assisting with new product launches and local marketing campaigns, as appropriate.
• Supports and collaborates on Branch agency management activities including agency analysis and planning, education, and visitation. As part of the Branch agency planning process, conducts analysis of agency's SRC book of business and works with Branch CSI Manager to establish SRC new business goals.
• Collaborates with field in educating agents on products, services, automation, and underwriting standards as well as sales/marketing techniques. Participates in agent education events including CE courses and product fairs within area of underwriting expertise.
• For assigned SRC producers, manages SRC agency relationships and expectations. Leads/participates in SRC agency analysis and planning. Develops and executes on an effective agency strategy to grow the business.
• Informs manager of coverage and/or product opportunities/weaknesses impacting growth potential; gathers pertinent competitive information to assist in developing product development recommendations.
Critical Competencies
• Underwriting Acumen: Demonstrates deep technical knowledge of Chubb products, competitors, customers and market place within dedicated area of expertise. Exhibits rigor and expertise in underwriting large, complex accounts within specialty area.
• Account Management: Demonstrated ability to build strong SRC key account relationships and manage customer expectations under changing market conditions. Proven track record in promoting business retention and growth.
• Deal-Making and Negotiation: Proven ability to find creative solutions that strike appropriate balance between insured and producer needs while adhering to company/ CSI underwriting standards. Comfortable walking away from the deal, if necessary.
• Sales and Marketing: Knowledge of Chubb products, competitors, customers, and marketplace within dedicated area of expertise. Demonstrated ability to develop and implement effective growth and retention strategies. Proven prospecting skills and effective use of CSI sales and marketing tools.
• Agency Management: Ability to build strong agency relationships and manage expectations under changing market conditions. Record of results in promoting business retention and growth.
• Collaboration: Ability to work collaboratively with multiple SBU, Branch and Home Office stakeholders. Demonstrates effective consultation and partnering skills.
• Communications: Demonstrated ability to differentiate the Chubb proposal by effectively articulating (verbally and in writing) CSI strategy, appetite and capabilities.
Education
• 4 year college degree or equivalent work experience
All interested applicants must apply online at www.chubb.apply2jobs.com Reference Requisition number 7814
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Published on Jun 10, 2010
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