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Underwriter-- Financial Institutions in Boston, MA at Chubb Group of Insurance Companies

Date Posted: 11/7/2018

Job Snapshot

Job 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.
Responsibilities
Financial Results
  • Assist team in meet or exceeding annual Northeast Region Financial Institutions GWP goal.
  • Assist team in meeting or exceeding annual new business Northeast Region Financial Institutions production goal.
  • Assist team in meeting or exceeding targeted retention levels for each line of business.
  • Work with manager to ensure limit deployment is appropriate (aggregation within industry sectors, within individual risks, and in response to claims results). 
  • Part I: Financial Results 50% - Team-Based Goals
Part II: Leadership, Sales, Compliance, Forecasting, Data Integrity, Process, Producer Interaction 50% - Team and Individual Based Goals
Operational Efficiency
  • Assist team in passing Underwriting Audit, where applicable.
  • Service:  meet or exceed higher standards for Policy Issuance (30 days), Registering/booking (48hrs), etc.
  • Ensure Tracker is updated and maintained with accurate data and in real time by team members.
  • Comply with corporate underwriting guidelines.
 Leadership & Accountability
  • Completely and thoroughly understand the strategies being implemented by the division
  • Execute on objectives for each region (Production, Product Focus, Product diversity, hit ratios, etc), and take personal accountability for your results.
  • Ensure compliance with underwriting guidelines, authority statements, divisional underwriting procedure documents, and legal and Chief Underwriting Officer mandates.
 Sales & Marketing
  • Actively cross-sell ancillary lines of business on existing relationships as evidenced by submission flow and quote and bind statistics.
  • Work effectively across Chubb USA by seeking out and engaging all levels of Regional Operations.
  • Foster relationships with assigned brokers.  Complete 5 broker/agent visits each month.
  • Take ownership for new business Targets assigned to you. Have your assigned Targets uploaded in Tracker with information complete and accurate.
Underwriting Acumen
  • Consider clients risk profile when determining acceptability of risk and the corresponding contract language and suggest solutions that are mutually acceptable for both the client and Chubb.
  • Scrutinize the financial condition and operating results of clients and determine essential versus non-essential questions to make an underwriting decision.
  • Identify and use external factors that are not part of the submission to assist in underwriting and use to independently assess risks and make recommendations. 
  • Stay informed relatives to relevant regulatory and industry develops and use information to develop relationships and build credibility with agents and clients
Individual Contributor Competencies
  • Demonstrate Chubb Individual Contributor Competencies of Problem Solving, Continuous Learning, Initiative, Adaptability, Results Orientation and Values Orientation. See Chubb Individual Contributor Competencies Model for detailed descriptions of each competency.

Qualifications
  • MINIMUM REQUIREMENTS
    • 3-5 years underwriting experience
    • Bachelor’s degree
  • DESIRED QUALIFICATIONS
    • Knowledge of insurance industry
    • Knowledge of underwriting concepts, practices, and procedures
    • Microsoft Word, Excel, and Outlook
    • Internet usage
    • Oral and written communication skills
    • Negotiation skills Marketing skills
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.\\
Chubb offers a competitive compensation package and comprehensive benefits package including life, health and dental, vision, a generous retirement savings plan, disability coverage, stock purchase plan, flexible spending accounts, tuition reimbursement, and business casual dress.  At Chubb, we are committed to equal employment opportunity and compliance with all laws and regulations pertaining to it.  Our policy is to provide employment, training, compensation, promotion, and other conditions or opportunities of employment, without regard to race, color, religion, age, sex, sexual orientation, transgender, national origin, disability, genetic information, veteran, or marital status, or any other characteristic protected by law.

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