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AVP Underwriting, Financial Lines

Chubb
New York, New York, United States (on-site)
9 days ago

Description

Chubb is the world's largest publicly traded property and casualty insurer. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.

Chubb is seeking an AVP Manager for our Westchester public company underwriting team based within our New York office. The ideal candidate will have extensive underwriting experience of financial lines products for large and small public companies as well as previous leadership responsibilities.

Key Accountability:
Responsible for profitable growth of a large, complex book of public company business. The Unit Manager will oversee a team of underwriters and will be charged with employee development and overseeing high level broker/agent relations.

Major Job Functions:
  • P&L accountability for all Management Liability premium, profitability, growth, and retention results.
  • Overseeing the underwriting quality standards of employees. Includes ensuring appropriate file documentation is being maintained relating to final underwriting decision.
  • Manages execution of underwriting strategies and holds team accountable for implementation.
  • Develops and executes effective strategies to generate profitable business growth. Collaborates with branch, peers and Financial Lines management on new business and retention opportunities.
  • Supports and collaborates on branch agency management activities, including agency analysis, planning, goal setting, education, and market engagement.
  • Collaborates with branches to educate agents on products, services, as well as underwriting strategies and product marketing.
  • Ownership of broker/agency relationships including delivering high level expectations for the entire territory. Leads and/or participates in agency analysis and planning. Develops and executes an effective agency strategy to grow the business.
  • Gathers pertinent competitive information to assist in product development recommendations.



Qualifications:

Critical Competencies:
  • Leadership: Effective engagement and motivation of underwriters to achieve organizational objectives aligned with the regional vision and values
  • Underwriting Acumen: Demonstrates deep technical knowledge of Financial Lines products, competitors, and marketplace. Exhibits rigor and expertise in underwriting large, complex Management Liability risks.
  • Relationship Management: Demonstrated ability to build strong key account relationships and manage customer expectations in changing market conditions. Proven track record promoting business retention and profitable growth.
  • Sales and Marketing: Working knowledge of Financial Lines products and marketplace. Demonstrated ability to market and sell Chubb's differentiated; value added coverage and service advantages. Proven prospecting skills and effective use of Financial Lines sales and marketing tools.
  • Agency Management: Ability to build strong agency relationships and manage expectations under dynamic market conditions.
  • Collaboration: Ability to work collaboratively with multiple business units, branch, and Home Office stakeholders. Demonstrates effective consultation and partnership skills.
  • Communications: Demonstrated ability to manage communications and awareness effectively between various parties of interest, including brokers/agents, Branches, Product Managers and Management Liability Senior Management.

Minimum Requirements :
  • 7 plus years of complex business underwriting experience in management liability or related experience preferred
  • Training and development experience
  • College degree or equivalent work experience

Chubb strives to offer a diverse and inclusive and rewarding work environment. Teamwork and mutual respect are central to how Chubb operates, and we believe the best solutions draw upon diverse perspectives, experiences and skills. We operate in such a way where everyone, regardless of their singular background has the opportunity to contribute to our collective success.

In New York City, NY the pay range for the role is $106,500 to $176,000. The specific offer will depend on an applicant's skills and other factors. This role may also be eligible to participate in a discretionary annual incentive program. Chubb offers a comprehensive benefits package, more details on which can be found at https://careers.chubb.com/global/en/north-america. This range is specific to New York City, NY and may not be applicable to other locations.

Requisition #: 351097

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Job Information

  • Job ID: 67872027
  • Workplace Type: On-Site
  • Location:
    New York, New York, United States
  • Position Title: AVP Underwriting, Financial Lines
  • Company Name For Job: Chubb
  • Job Type: Full-Time
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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