This job ad has been posted over 60 days ago...
0
applicants
Specialty Underwriting Associate - Strong Understanding of Underwriting
at Chubb Insurance in New York
For more than 125 years, the Chubb Group of Insurance Companies 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 27 countries staffed by 10,400 employees. The Chubb Corporation reported $48 billion in assets and $13.2 billion in revenues in 2008. According to Fortune magazine, Chubb is the 203rd 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 Specialty Underwriting Associate for our New York City office.
The Specialty Underwriting Associate contributes to the achievement of customer group or specialty goals, as well as corporate goals relating to growth, profit, renewal retention, rate, exposure, and service and producer relationships.
For assigned customer group, the Specialty Underwriting Associate:
• Conducts clearance and processes all transactions in AppReg or Wip/Client.
• Books, binds, and issues 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 assists with account management and achievement of service goals.
• Communicates with agents/brokers and underwriters on status of open items.
• Ensures electronic file integrity.
• Processes cancellations, BORs, and countersigning. Researches and resolves premium
• Discrepancies and compliance related issues.
• Coordinates renewal process for the underwriter. Reviews renewal submission for
technical completeness and follows up with producer for missing information.
• Analyzes renewal account-specific information (including, but not limited to, loss
information, financials, application).
• Creates underwriting analysis template and documents template with renewal changes for referral to the underwriter.
• Rates renewal policies and determines pricing strategy in conjunction with underwriter.
• Coordinates the quotation process and completes quote letter for referral to the underwriter.
• Completes and follows up on Manuscript Endorsement Requests.
• Provides new line rating, quoting, and issuance support for template underwriting
• Initiatives (e.g., “Feels like a Million campaign).
• Includes dual accountability to OSD and underwriting management.
Knowledge, skills and abilities:
The individual in this position must have strong communication, multi-tasking, and
Organizational skills. In addition, the individual must demonstrate the following skills:
• Mathematical aptitude.
• Knowledge of standardized workflows, roles and responsibilities, and compliance
• requirements.
• Knowledge of all applicable rating and issuance systems.
• Knowledge of electronic systems (e.g., WIP, CUW, Producer Inquiry, Countersignature, Non-Resident License Inquiry, MIS, Lotus Notes, Internet).
• High proficiency in Word and Excel.
• A basic knowledge of policy form at minimum s,
• Fundamental knowledge of underwriting principles, underwriting information, policy coverage’s and key endorsements.
• Basic understanding of financial concepts and terminology.
• Knowledge of rating/pricing.
• Ability to recognize exposure to loss.
• Ability to identify account rounding opportunities based on knowledge of
• Product/appetite strategies.
• Ability to organize work and perform within time constraints.
Education and Experience:
High School diploma or equivalent. Previous experience in similar role preferred.
Nothing in this job posting restricts management's right to assign or reassign
duties and responsibilities to this job at any time
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 8208.
http://www.chubb.apply2jobs.com/index.cfm?fuseaction=mExternal.showJob&RID=8208&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 and casualty insurer in the United States and have a worldwide network of some 120 offices in 27 countries staffed by 10,400 employees. The Chubb Corporation reported $48 billion in assets and $13.2 billion in revenues in 2008. According to Fortune magazine, Chubb is the 203rd 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 Specialty Underwriting Associate for our New York City office.
The Specialty Underwriting Associate contributes to the achievement of customer group or specialty goals, as well as corporate goals relating to growth, profit, renewal retention, rate, exposure, and service and producer relationships.
For assigned customer group, the Specialty Underwriting Associate:
• Conducts clearance and processes all transactions in AppReg or Wip/Client.
• Books, binds, and issues 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 assists with account management and achievement of service goals.
• Communicates with agents/brokers and underwriters on status of open items.
• Ensures electronic file integrity.
• Processes cancellations, BORs, and countersigning. Researches and resolves premium
• Discrepancies and compliance related issues.
• Coordinates renewal process for the underwriter. Reviews renewal submission for
technical completeness and follows up with producer for missing information.
• Analyzes renewal account-specific information (including, but not limited to, loss
information, financials, application).
• Creates underwriting analysis template and documents template with renewal changes for referral to the underwriter.
• Rates renewal policies and determines pricing strategy in conjunction with underwriter.
• Coordinates the quotation process and completes quote letter for referral to the underwriter.
• Completes and follows up on Manuscript Endorsement Requests.
• Provides new line rating, quoting, and issuance support for template underwriting
• Initiatives (e.g., “Feels like a Million campaign).
• Includes dual accountability to OSD and underwriting management.
Knowledge, skills and abilities:
The individual in this position must have strong communication, multi-tasking, and
Organizational skills. In addition, the individual must demonstrate the following skills:
• Mathematical aptitude.
• Knowledge of standardized workflows, roles and responsibilities, and compliance
• requirements.
• Knowledge of all applicable rating and issuance systems.
• Knowledge of electronic systems (e.g., WIP, CUW, Producer Inquiry, Countersignature, Non-Resident License Inquiry, MIS, Lotus Notes, Internet).
• High proficiency in Word and Excel.
• A basic knowledge of policy form at minimum s,
• Fundamental knowledge of underwriting principles, underwriting information, policy coverage’s and key endorsements.
• Basic understanding of financial concepts and terminology.
• Knowledge of rating/pricing.
• Ability to recognize exposure to loss.
• Ability to identify account rounding opportunities based on knowledge of
• Product/appetite strategies.
• Ability to organize work and perform within time constraints.
Education and Experience:
High School diploma or equivalent. Previous experience in similar role preferred.
Nothing in this job posting restricts management's right to assign or reassign
duties and responsibilities to this job at any time
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 8208.
http://www.chubb.apply2jobs.com/index.cfm?fuseaction=mExternal.showJob&RID=8208&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.
Recent jobs at Chubb Insurance
Customer Service Representative -Multiple positions at Chubb Insurance in Chesapeake, VA
May 18, 2012
Auto Claims Examiner at Chubb Insurance in Chesapeake, VA
May 18, 2012
Property Claims Examiner at Chubb Insurance in Chesapeake, VA
May 18, 2012
Auto ReInspector - Req #10552 at Chubb Insurance in Houston, TX
May 02, 2012
Customer Service Representative -Multiple positions at Chubb Insurance in Phoenix, AZ
Apr 24, 2012
Published on Oct 05, 2010
Viewed: 407 times
Viewed: 407 times
Search Insurance Jobs by State: