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Chubb Specialty Underwriter III
at Chubb Insurance in California
Chubb Specialty Underwriter III
San Francisco, CA
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.
Chubb Specialty is looking for field Underwriter with a minimum of 3 years of underwriting experience for our San Francisco Office. As a CSI underwriter in Chubb's San Francisco Branch you are responsible for a book of business in a highly competitive and challenging marketplace. The Underwriting position in San Francisco will handle a defined group of San Francisco and Northern California Agents along with a small renewal Executive Protection book in Los Angeles.
Key Accountability
•Financial performance, including profit, rate, retention, and growth, of a $3 million renewal book of specialty commercial business consisting of Executive Protection including Private and NFP D&O, EPL, Fiduciary, Crime Kidnap, Ransom, Health Care D&O, EPL, Fiduciary, Crime Kidnap Ransom, Chubb Pro which includes Miscellaneous E&O, Cyberliabity and Media. Knowledge of Investment Advisors E&O is a plus. Job requires generating a minimum of $800k to $1M in new field business for these lines.
•Successful market penetration and agency management including building, maintaining and managing producer and customer relationships. To ensure exposure to the various types of distribution, this position will be assigned all 3 types of agents - national brokers, field wholesalers and independent agents.
•Developing agency strategy and goals with continual monitoring of progress and usage of Salesforce
•Identifying cross sell opportunities within commercial products and services
•Soliciting, selecting and analyzing risk within Chubb Specialty Insurance guidelines and ensuring proper documentation
•Developing and negotiating price, coverage, and terms and conditions for all new business and renewals and actively identifying account rounding opportunities
•Meeting with producers and renewal customers to make sales presentations including product education and new product roll out
•Collaborating with cored resource underwriters (SRC, USB and wholesale), operations, claims, marketing and home office product management
•Consistently meeting service standards
•Collecting and sharing industry intelligence with team, including industry trending and development
Knowledge, skills and abilities:
•Solid knowledge of specialty commercial underwriting and insurance industry theories and practices
•Demonstrated technical expertise and product specific knowledge with experience handling professional lines coverages
•Strong analytical skills including financial analysis
•Demonstrated proficiency in sales, marketing and negotiation
•Strong interpersonal, communication and negotiation skills. Ability to effectively interact with all levels of internal and external business partners.
•Experience developing and executing on marketing plans and prospects
•Ability to be creative and adaptable in a changing business environment
•Sound, balanced, and timely decision making skills
•Knowledge of Microsoft Office Suite as well as other business-related software
Education and Experience:
•Bachelor's degree or equivalent experience
•Experience underwriting professional coverages
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 Diversity Inc 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 8242.
San Francisco, CA
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.
Chubb Specialty is looking for field Underwriter with a minimum of 3 years of underwriting experience for our San Francisco Office. As a CSI underwriter in Chubb's San Francisco Branch you are responsible for a book of business in a highly competitive and challenging marketplace. The Underwriting position in San Francisco will handle a defined group of San Francisco and Northern California Agents along with a small renewal Executive Protection book in Los Angeles.
Key Accountability
•Financial performance, including profit, rate, retention, and growth, of a $3 million renewal book of specialty commercial business consisting of Executive Protection including Private and NFP D&O, EPL, Fiduciary, Crime Kidnap, Ransom, Health Care D&O, EPL, Fiduciary, Crime Kidnap Ransom, Chubb Pro which includes Miscellaneous E&O, Cyberliabity and Media. Knowledge of Investment Advisors E&O is a plus. Job requires generating a minimum of $800k to $1M in new field business for these lines.
•Successful market penetration and agency management including building, maintaining and managing producer and customer relationships. To ensure exposure to the various types of distribution, this position will be assigned all 3 types of agents - national brokers, field wholesalers and independent agents.
•Developing agency strategy and goals with continual monitoring of progress and usage of Salesforce
•Identifying cross sell opportunities within commercial products and services
•Soliciting, selecting and analyzing risk within Chubb Specialty Insurance guidelines and ensuring proper documentation
•Developing and negotiating price, coverage, and terms and conditions for all new business and renewals and actively identifying account rounding opportunities
•Meeting with producers and renewal customers to make sales presentations including product education and new product roll out
•Collaborating with cored resource underwriters (SRC, USB and wholesale), operations, claims, marketing and home office product management
•Consistently meeting service standards
•Collecting and sharing industry intelligence with team, including industry trending and development
Knowledge, skills and abilities:
•Solid knowledge of specialty commercial underwriting and insurance industry theories and practices
•Demonstrated technical expertise and product specific knowledge with experience handling professional lines coverages
•Strong analytical skills including financial analysis
•Demonstrated proficiency in sales, marketing and negotiation
•Strong interpersonal, communication and negotiation skills. Ability to effectively interact with all levels of internal and external business partners.
•Experience developing and executing on marketing plans and prospects
•Ability to be creative and adaptable in a changing business environment
•Sound, balanced, and timely decision making skills
•Knowledge of Microsoft Office Suite as well as other business-related software
Education and Experience:
•Bachelor's degree or equivalent experience
•Experience underwriting professional coverages
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 Diversity Inc 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 8242.
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Published on Oct 08, 2010
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