Executive Underwriter, Professional Liability

Executive Underwriter, Professional Liability Job Description

KEY OBJECTIVE :

The Executive Underwriter's primary responsibility is to underwrite individual risks through a demonstration of the following skills and abilities :

• Fundamentals of coverage, terms and conditions . Ability to offer coverage, terms and conditions which generate a profit for thepany while meeting the needs of the customer.
• Risk Assessment . Ability to identify risk exposures, special ormon 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 onpany 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 andmunications . Ability to sell and negotiate to achieve bottom line profitability for thepany. Ability to make presentations andmunicate articulately.

Ability to basemunications on strategic thinking. Ability to manage producer strategy.

Systems and programs . Ability to use systems and software programs needed to conduct daily business.

MAJOR DUTIES & RESPONSIBILITIES : Duties may include but are not limited to :

• Solicits new and renewal submissions from brokers
• Determines terms and conditions andplex rating plans
• Binds coverage
• Documents the underwriting files
• Handles moreplex files and portfolios within underwriting authority
• Guides and mentors junior staff.

Qualifications

MINIMUM REQUIREMENTS :

• College degree in insurance, business or related fields or equivalent experience
• 5-10 years underwriting experience
• Superior analytical skills needed to evaluate and develop submissions
• Advancedputer skills preferred
• Experience with multiple lines of insurance; Professional Liability and / or Cyber strongly preferred

DESIRED QUALIFICATIONS :

• Knowledge of insurance industry
• Knowledge of underwriting concepts, practices, and procedures
• Microsoft Word, Excel, and Outlook
• Internet usage
• Oral and writtenmunication skills
• Negotiation skills
• Marketing skills
• Basic leadership skills

The pay range for the role is $92,500 to $158,000. 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 aprehensive benefits package, more details on which can be found on our careers website.

The disclosed pay range estimate may be adjusted for the applicable geographic differential for the location in which the position is filled.

About Us

Chubb is a world leader in insurance. With operations in 54 countries, Chubb providesmercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients.

Thepany 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.

At Chubb, we aremitted to equal employment opportunity andpliance with all laws and regulations pertaining to it. Our policy is to provide employment, training,pensation, promotion, and other conditions or opportunities of employment, without regard to race, color, religious creed, sex, gender, gender identity, gender expression, sexual orientation, marital status, national origin, ancestry, mental and physical disability, medical condition, genetic information, military and veteran status, age, and pregnancy or any other characteristic protected by law.

Performance and qualifications are the only basis upon which we hire, assign, promote,pensate, develop and retain employees.

Chubb prohibits all unlawful discrimination, harassment and retaliation against any individual who reports discrimination or harassment. Job ID 300000689566248