Description

JOB DESCRIPTION

The chosen candidate will work within the Chubb Major Accounts division as a member of the Chubb Alternative Risk Solutions (CARS) underwriting team. The candidate will be responsible for all phases of the underwriting process for non-traditional insurance & reinsurance structures including risk assessment, submission review, screening, structuring/pricing, marketing and selling. The successful applicant will work with all aspects of the CARS deal team including claims, actuarial, legal, compliance, accounting, and tax. The role is based in our Philadelphia, PA office and will report to a senior member of the underwriting team. We will consider a hire in New York, NY for a candidate who is strong and carries the appropriate experience to fit our needs.

Duties & Responsibilities:

• Identify targets and meet with prospective clients and brokers on potential opportunities
• Attend broker/client presentations and applicable industry events
• Screen submissions to identify viable opportunities and investigate business operations, applicable industry information, underlying program structures, claims administration, collateral information, etc.
• Collaborate with clients, brokers, and the CARS actuarial team to obtain needed pricing information including exposures, loss data, program parameters, etc.
• Work with the deal team to create the optimal structure including understanding and addressing all underwriting, regulatory, accounting, claims and any other program issues.
• Prepare proposals, agreements and policies for legal review
• Prepare underwriting reports for submission to the Executive Underwriting Committee
• Work with Credit Management on collateral and financial ratings to support potential transactions
• Work with actuarial and claims in the management of bound deals to ensure optimal outcomes
• Planning and forecasting support

Requisition #: 24945

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