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Underwriter in New York, NY at Chubb Group of Insurance Companies

Date Posted: 6/6/2018

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    1133 6th Avenue
    New York, NY
  • Job Type:
    Insurance
  • Experience:
    1 to 3 years
  • Date Posted:
    6/6/2018

Job Description

Senior Underwriter Job Posting

The Financial Institutions team is currently seeking an Underwriter to execute growth and underwriting strategies for the New York Region. Responsibilities for both roles include, but are not limited to:

Performing risk analysis for Financial Institutions clients across a number of related

products which include:

  • Professional Liability for Asset Managers and Funds (including hedge funds, private equity and venture capital)
  • Bankers Professional Liability
  • Insurance Company Professional Liability
  • Security Broker-Dealer Professional Liability
  • Employment Practices Liability
  • Fiduciary Liability
  • Fidelity
  • Underwriting and servicing existing renewal book and new business opportunities
  • Soliciting new and renewal submissions from brokers
  • Negotiating product terms and conditions
  • Working with division counsel to provide customized manuscript language to meet clients’ insurance needs
  • Representing the company at client meetings
  • Documenting underwriting files in compliance with audit standards
  • Servicing accounts throughout the policy cycle to meet established service standards
  • Cross-marketing with other groups who underwrite Chubb products for Financial Institutions in the New York Region

In addition to the above, the Underwriter role will also entail: developing and maintaining a broad network of brokerage relationships, expanding distribution and new business production, mentoring junior underwriters in underwriting best practices, and assuming some Team Leadership duties.

Qualified candidates for each role must possess an in-depth knowledge of Financial Institutions management liability and professional liability products and concepts.  Experience developing and maintaining a broad network of brokerage relationships, demonstrated leadership abilities, negotiation skills and strong oral and written communication skills are essential.

Candidates for the Underwriter role should possess 1-3 years of experience underwriting management and professional liability products for Financial Institutions.

Qualifications

 

This role will require:

 1-3 Years Underwriting Experience

• Experience in underwriting financial institutions or D&O insurance preferred

• Business Acumen

• Good Level of Product Knowledge including:

o Exposure Analysis

o Form & Coverages

o Rating Principles and Mechanics

• Negotiation & Presentation Skills

• Proven Broker Relations & Customer Management skill set

• Strong Verbal and Written Communication Skill


• Strong organizational skills with attention to detail


• Ability to work effectively in a team

• Basic Proficiency in Microsoft Word, Excel, Power Point

 

Chubb offers a competitive salary plus cash bonus, equity opportunities and a comprehensive benefits package including life, health, dental, vision, a generous retirement savings plan with a generous company match, disability coverage, stock purchase plan, flexible spending accounts, tuition reimbursement, and business casual dress.