Chubb
Chicago, Illinois, United States
(on-site)
Posted
17 hours ago
Job Type
Full-Time
Description
JOB DESCRIPTIONChubb is currently seeking a skilled Associate Underwriter to join its Major Accounts Inland Marine Group in our Chicago, IL office.
The Associate Underwriter's primary responsibility is to aid the Inland Marine group in the management and retention of accounts assigned through a demonstration of the following skills and abilities:
- Fundamentals of coverage, terms and conditions. Understand ability to offer coverage, terms and conditions which generate a profit for the Company while meeting the needs of the customer.
- Risk Assessment. Ability to identify risk exposures, special or common hazards, and appropriate controls. Ability to analyze claims and quantify losses.
- Financial proficiency. Understanding of insurance financial fundamentals and their impact on underwriting decisions.
- Actuarial fundamentals. Ability to understand loss trends and ratemaking. Ability to quantify risk based on experience history and forecasting methods.
- Systems and programs. Ability to use systems and software programs needed to conduct daily business.
- Collaboration. Ability to collaborate effectively with the underwriting team to assist with account management tasks.
MAJOR DUTIES & RESPONSIBILITIES:
Duties may include but are not limited to:
- Effectively and efficiently process underwriting workflow through interaction with internal and external partners to ensure standards are consistently upheld.
- Examine applications, renewals, and change requests, collecting all necessary information to fully prepare the Underwriting team to make decisions regarding risk acceptability, terms, and pricing.
- Within established business plans, identify, analyze, and underwrite risks while adhering to corporate guidelines regarding risk selection, treaties, reinsurance, coverage, and pricing to obtain desired results.
- Manage a book of business offering strategic underwriting guidance including rate/terms/deductibles
- Monitor results of the overall book of business assigned and recommend corrective action as necessary to insure profitability and retention of desirable accounts
- Establish and maintain strong working relationships with assigned agents to support profitable growth.
- Provide quality and timely input on assigned projects to meet the Company's needs in the changing market and to support profitable growth
- Participate in audits and/or underwriting meetings as required.
- Cross-sell opportunities within other Chubb divisions through promotion of their products and services.
- Travel less than 25%
Requisition #: 31255
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Job ID: 82955501
Chubb
Insurance
United States
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 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 180th largest ...
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