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Underwriter in Philadelphia, PA at Chubb Group of Insurance Companies

Date Posted: 8/5/2018

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    436 Walnut Street
    Philadelphia, PA
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:
    8/5/2018

Job Description

Multinational Property and Casualty Underwriter
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.
 
KEY  OBJECTIVE:
As a key member of the Chubb Commercial Insurance Foreign P&C team, you  will contribute to the achievement of regional profitability and production results through the growth, development, and underwriting of international property and casualty programs for U.S. multinational companies and organizations. In addition this position is responsible for establishing and cultivating business relationships with brokers, clients and other relevant spheres of influence within the Philadelphia Region to assure the continued flow of new business opportunities while representing all Foreign Property and Casualty segments and products.
MAJOR DUTIES & RESPONSIBILITIES:
 
Duties may include but are not limited to:
a.         Develops and executes on marketing plan for assigned producers and territories
b.         Negotiates pricing, terms and conditions for large commercial P&C accounts within assigned underwriting authority and company guidelines
c.         Binds domestic, international and reinsurance coverage, as required
d.         Prepares implementation instructions for local admitted policy issuance in foreign countries
e.         Evaluates and negotiates carrier and manuscript policy forms with issuance of agreed forms on bound accounts.
f.          Initiates CAT (EQ, Flood & Wind) modeling and evaluates results
g.         Understands loss prevention engineering or property conservation reports and interacts with Branch Account Engineer to establish appropriate capacity allocation and attachment points consistent with exposures
h.         Evaluates Financial Statements for acceptability and verification of the account Statement of Values
i.          Documents the underwriting files with account review, analysis and conclusions
j.          Maintains existing clients within required quality standards
MINIMUM REQUIREMENTS:
•           3-5 years underwriting experience
•           Experience underwriting P&C preferably international
•           College degree in insurance business or related fields or equivalent experience
•           Excellent Skills with Microsoft Word, Excel, and Outlook
DESIRED QUALIFICATIONS:
•           Knowledge of insurance industry
•           Understanding of risk management approaches including risk transfer
•           Experience with application Highly Protected Risk (HPR) standards
•           Knowledge of underwriting concepts, practices, and procedures
•           Internet usage and research
•           Detailed understanding of company Financial Statements (Balance Sheet, Income Statement, 10-K, etc.)
•           Oral and written communication skills
•           Negotiation skills
•           Marketing skills
•           Basic leadership skills