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Specialty UW Associate
at Chubb Group of Insurance Companies in Connecticut
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 Specialty Underwriting Associate for the Simsbury, CT office.
Entry Level Specialty Underwriting Associate contributes to the achievement of Specialty goals relating to policies, procedures, processing, growth, profit, renewal retention, customer service and producer relationships for various assigned customer groups with the expectation to be crossed trained in other areas of OSD.
The Specialty Underwriting Associate:
Key Competency Requirements:
• Strong written and verbal communication skills
• Effective multi-tasking skills
• Ability to organize/prioritize work and perform within time constraints
• Mathematical aptitude
• Ability to process in applicable rating and issuance systems
• Ability to understand underwriting principles, policy coverages, key endorsements, rating/ pricing, and loss exposures
• Ability to work within a team
• Ability to identify changes in exposures for each risk
• Basic understanding of financial concepts and terminology
• Ability to follow standardized workflows and compliance requirements
• Proficiency in Word and Excel
Description of Role
• Verifying state regulations and licensing procedures
• Perform various administrative tasks for the assigned business units and all customer groups
• Assist SUAs in handling correspondence and broker requests
• Assist with the clearance and entry of new business submissions
• Proactively assists with account management and achievement of service goals.
• Communicates with underwriters on status of open items and open renewals.
• Ensures electronic file integrity.
• Processes cancellations, BORs, and researches and resolves premium discrepancies and compliance related issues.
• Processes renewal solicitation letters and incomplete letters for new business submissions.
Education and Experience:
High School diploma or equivalent. Previous experience in a similar role preferred.
Desired work hours are 8:30-5:00
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 http://www.chubb.apply2jobs.com/ .Reference Requisition number 7685.
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 Specialty Underwriting Associate for the Simsbury, CT office.
Entry Level Specialty Underwriting Associate contributes to the achievement of Specialty goals relating to policies, procedures, processing, growth, profit, renewal retention, customer service and producer relationships for various assigned customer groups with the expectation to be crossed trained in other areas of OSD.
The Specialty Underwriting Associate:
Key Competency Requirements:
• Strong written and verbal communication skills
• Effective multi-tasking skills
• Ability to organize/prioritize work and perform within time constraints
• Mathematical aptitude
• Ability to process in applicable rating and issuance systems
• Ability to understand underwriting principles, policy coverages, key endorsements, rating/ pricing, and loss exposures
• Ability to work within a team
• Ability to identify changes in exposures for each risk
• Basic understanding of financial concepts and terminology
• Ability to follow standardized workflows and compliance requirements
• Proficiency in Word and Excel
Description of Role
• Verifying state regulations and licensing procedures
• Perform various administrative tasks for the assigned business units and all customer groups
• Assist SUAs in handling correspondence and broker requests
• Assist with the clearance and entry of new business submissions
• Proactively assists with account management and achievement of service goals.
• Communicates with underwriters on status of open items and open renewals.
• Ensures electronic file integrity.
• Processes cancellations, BORs, and researches and resolves premium discrepancies and compliance related issues.
• Processes renewal solicitation letters and incomplete letters for new business submissions.
Education and Experience:
High School diploma or equivalent. Previous experience in a similar role preferred.
Desired work hours are 8:30-5:00
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 http://www.chubb.apply2jobs.com/ .Reference Requisition number 7685.
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Published on May 10, 2010
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Viewed: 515 times
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