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Full-time Executive Liability Underwriter - Strong Marketing Skills

at Chubb Insurance 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, the Chubb Specialty Risk Center (SRC) is seeking an Executive Liability Underwriter The ideal underwriter will have experience handling D&O, EPL, FL, CR, and KR products for large public and/or private companies.

Key Accountabilities:
Responsible for profitable growth of assigned complex book of business. Underwrites new and renewal business within area of product, customer and/or industry expertise. The underwriter will also be responsible for the creation of a business plan for assigned territory.

Major Job Functions

Analyzes opportunities and creates business development strategy for assigned book of business. Prospects for large, complex new business within specialty area. This includes driving SRC account rounding, cross-selling and alliance opportunities.
Develops and executes effective strategies to generate profitable SRC key account business growth. Collaborates with marketing branch and Chubb Specialty Insurance (CSI) management on new business and retention opportunities.


• 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. Including 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 with senior level financial and risk executives

• 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.

• May lead/participate 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

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 8476.

http://www.chubb.apply2jobs.com/index.cfm?fuseaction=mExternal.showJob&RID=8476&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 Jan 07, 2011
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