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Underwriter in Philadelphia, PA at Chubb Group of Insurance Companies

Date Posted: 4/20/2018

Job Snapshot

  • Employee Type:
  • Location:
    436 Walnut Street
    Philadelphia, PA
  • Job Type:
  • Experience:
    3 to 5 years
  • Date Posted:

Job Description

TITLE: Underwriter
  • Fundamentals of coverage, terms and conditions. 
  • Ability to offer coverage, terms and conditions on wholesale transportation market which generate a profit for the Westchester Casualty department while meeting the needs of the customer. 
  • Risk Assessment. 
  • Ability to identify risk exposures, special or common hazards, and appropriate controls. 
  • Ability to select risk based on exposure and risk analysis.
  • Ability to analyze claims and quantify losses.
  • Financial proficiency. 
  • Understanding of financial statements and ratios used in risk analysis. 
  • Understanding of insurance financial fundamentals; impact of underwriting decisions on company assets. 
  • Ability to understand credit risk.
  • Actuarial fundamentals. 
  • Ability to understand loss trends, loss triangles, and ratemaking. 
  • Ability to quantify risk based on experience history and forecasting methods.
  • Marketing and Communications. 
  • Ability to sell and negotiate to achieve bottom line profitability for the Company. 
  • Ability to make presentations and communicate articulately.
  • Ability to base communications on strategic thinking. 
  • Ability to manage producer strategy.
  • Systems and programs. 
  • Ability to use systems and software programs needed to conduct daily business.
KEY OBJECTIVE:  Under limited supervision, primary responsibility is to underwrite individual risks.
Duties may include but are not limited to:
  • Solicits new and renewal submissions from brokers.
  • Determines terms and conditions and complex rating plans
  • Binds coverage
  • Documents the underwriting files
  • Handles more complex files and portfolios within underwriting authority
  • 3-5 years underwriting experience
  • Bachelor’s degree
  • Knowledge of transportation insurance industry
  • Knowledge of wholesale casualty market