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Financial Institutions Underwriter - Underwriting Experience Necessary
at Chubb Insurance in Massachusetts
For more than 125 years, Chubb & Son, a division of Federal Insurance Company, has been delivering exceptional property & casualty insurance products and services to businesses and individuals around the world.
Today we are the 11th largest property & 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 has also 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 employees. Chubb Specialty Insurance (CSI) in the Boston Branch has been the leading provider of professional and management liability insurance products in the region. The CSI book is currently over $110 million with a history of profitable combined ratios.
Currently, the Boston Region (New England) is seeking an Underwriter for the Region’s Financial Institutions Field Book. The position will be based in Boston. As an Underwriter in our Financial Institutions niche, you would have responsibility for a book of business that falls into the following industries: investment advisors, insurance companies, and community banks.
Position Responsibilities:
• Drive financial performance professional lines book of business including Errors and Omissions Coverage, Directors and Officer’s Liability Coverage, Financial Fidelity, Cybersecurity and Fiduciary Liability for Field Eligible Investment Advisors, Community Banks and Insurance Companies.
• Meet or exceed financial goals including profit, growth, rate, retention and new business
• Execute Chubb Specialty Insurance’s professional lines strategies and initiatives
• Develop and execute a business plan for the professional lines book of business including strategy for achieving premium budget targets, renewal retention goals, new business goals, expense budget targets and exemplary service standards
• Identify opportunities for growth within new and existing production sources
• Develop and execute a new business growth strategy including developing prospect initiatives for Field and Specialty Risk Center Business
• Execute successful market penetration and agency management strategies including building, maintaining and managing strong producer and customer relationships and continuous improvement of agency strategy
• Create and drive creative marketing and sales initiatives for professional lines
• Conduct account reviews and referrals, and provide underwriting authority within Chubb Specialty Insurance guidelines
• Collaborate with home office product management and the Specialty Risk Center
• Develop and negotiate price, coverage, and terms and conditions for new business and renewals and actively identifying account rounding opportunities
• Meet with producers, customers and prospects to make sales presentations including product education and new product roll out
• Collaborate with department practice leader, underwriting, operations, claims, marketing and home office product management
• Actively engage in market and share competitive intelligence and industry trending with unit
Required Skills:
• Solid knowledge of specialty commercial underwriting theories and practices with expertise in professional lines products
• Financial institutions underwriting preferred but not required
• Proven track record of strong technical underwriting, agency and customer management, and financial deliverables
• Ability to balance account referrals and employee development
• Demonstrated new business production and renewal retention results
• Strong analytical skills including financial analysis
• Demonstrated proficiency in sales, marketing and negotiation
• Strong interpersonal, communication and negotiation skills. Ability to effectively collaborate with all levels of internal and external business partners
• Experience developing and executing on marketing plans and prospects
• Aptitude to build strong relationships with remote product management team
• Sound, balanced, and timely decision-making skills
Education and Experiential Requirements:
• Bachelor’s degree or equivalent experience
• Requisite complex business underwriting experience varies by level
Chubb prides itself on the ability to provide all employees with an extraordinary work environment which promotes teamwork, diversity and incentives for those who exceed expectations. Chubb has been recognized as one of the top 50 companies for diversity by DiversityInc magazine, one of America’s most admired companies by Forbes, and one of the top 100 companies to work for by Fortune.
Chubb's compensation and benefit plans work together to create a Total Rewards Program for our employees that is among the best in our industry. As a global organization, we work hard to achieve our goal of providing flexible and competitive compensation and benefits packages in each local market in which we operate. Our goal is to exceed average market practices for our performers. For more information about Chubb and our benefits, visit our website at www.chubb.com.
All interested applicants must apply online at www.chubb.apply2jobs.com Reference Requisition number 7674.
http://www.chubb.apply2jobs.com/index.cfm?fuseaction=mExternal.showJob&RID=7674&CurrentPage=2
Chubb & Son, Inc., a division of Federal Insurance Company, does not accept resumes from unsolicited third party agencies or recruiters. No fees will be paid to third parties who submit unsolicited candidates in this manner.
Today we are the 11th largest property & 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 has also 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 employees. Chubb Specialty Insurance (CSI) in the Boston Branch has been the leading provider of professional and management liability insurance products in the region. The CSI book is currently over $110 million with a history of profitable combined ratios.
Currently, the Boston Region (New England) is seeking an Underwriter for the Region’s Financial Institutions Field Book. The position will be based in Boston. As an Underwriter in our Financial Institutions niche, you would have responsibility for a book of business that falls into the following industries: investment advisors, insurance companies, and community banks.
Position Responsibilities:
• Drive financial performance professional lines book of business including Errors and Omissions Coverage, Directors and Officer’s Liability Coverage, Financial Fidelity, Cybersecurity and Fiduciary Liability for Field Eligible Investment Advisors, Community Banks and Insurance Companies.
• Meet or exceed financial goals including profit, growth, rate, retention and new business
• Execute Chubb Specialty Insurance’s professional lines strategies and initiatives
• Develop and execute a business plan for the professional lines book of business including strategy for achieving premium budget targets, renewal retention goals, new business goals, expense budget targets and exemplary service standards
• Identify opportunities for growth within new and existing production sources
• Develop and execute a new business growth strategy including developing prospect initiatives for Field and Specialty Risk Center Business
• Execute successful market penetration and agency management strategies including building, maintaining and managing strong producer and customer relationships and continuous improvement of agency strategy
• Create and drive creative marketing and sales initiatives for professional lines
• Conduct account reviews and referrals, and provide underwriting authority within Chubb Specialty Insurance guidelines
• Collaborate with home office product management and the Specialty Risk Center
• Develop and negotiate price, coverage, and terms and conditions for new business and renewals and actively identifying account rounding opportunities
• Meet with producers, customers and prospects to make sales presentations including product education and new product roll out
• Collaborate with department practice leader, underwriting, operations, claims, marketing and home office product management
• Actively engage in market and share competitive intelligence and industry trending with unit
Required Skills:
• Solid knowledge of specialty commercial underwriting theories and practices with expertise in professional lines products
• Financial institutions underwriting preferred but not required
• Proven track record of strong technical underwriting, agency and customer management, and financial deliverables
• Ability to balance account referrals and employee development
• Demonstrated new business production and renewal retention results
• Strong analytical skills including financial analysis
• Demonstrated proficiency in sales, marketing and negotiation
• Strong interpersonal, communication and negotiation skills. Ability to effectively collaborate with all levels of internal and external business partners
• Experience developing and executing on marketing plans and prospects
• Aptitude to build strong relationships with remote product management team
• Sound, balanced, and timely decision-making skills
Education and Experiential Requirements:
• Bachelor’s degree or equivalent experience
• Requisite complex business underwriting experience varies by level
Chubb prides itself on the ability to provide all employees with an extraordinary work environment which promotes teamwork, diversity and incentives for those who exceed expectations. Chubb has been recognized as one of the top 50 companies for diversity by DiversityInc magazine, one of America’s most admired companies by Forbes, and one of the top 100 companies to work for by Fortune.
Chubb's compensation and benefit plans work together to create a Total Rewards Program for our employees that is among the best in our industry. As a global organization, we work hard to achieve our goal of providing flexible and competitive compensation and benefits packages in each local market in which we operate. Our goal is to exceed average market practices for our performers. For more information about Chubb and our benefits, visit our website at www.chubb.com.
All interested applicants must apply online at www.chubb.apply2jobs.com Reference Requisition number 7674.
http://www.chubb.apply2jobs.com/index.cfm?fuseaction=mExternal.showJob&RID=7674&CurrentPage=2
Chubb & Son, Inc., a division of Federal Insurance Company, does not accept resumes from unsolicited third party agencies or recruiters. No fees will be paid to third parties who submit unsolicited candidates in this manner.
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Published on Jul 02, 2010
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Viewed: 328 times
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