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Sr Underwriter - Financial Lines

Company: Chubb
Location: Saint Louis
Posted on: June 13, 2021

Job Description:

St. Louis Branch Senior Underwriter:

Since 1882, Chubb & Son, a division of Federal Insurance Company has been delivering exceptional property and casualty insurance products and services to businesses and individuals around the world.

Chubb has maintained its reputation and financial stability by following the slogan "Never compromise integrity." Our employees worldwide work towards the goal of satisfying customers by bringing professional excellence and fairness to each transaction.

Today, Chubb stands among the largest property and casualty insurers in the world. The principles of financial strength, proficient underwriting, conservative investment, excellent service, and a deep respect for all of our employees have been mainstays of our organization for 129 years.

Currently, Chubb is seeking a Specialty Underwriter for our St. Louis Branch. The ideal Underwriter will have experience handling specialty products for private companies and non-profit organizations.

This position is pay band flexible based on the successful candidate's experience.

Key Accountability:

The St Louis Branch has a large agency plant, which allows for significant concentration on growth of our Forefront business as well as other areas. The Branch territory includes the Eastern half of Missouri, and Southern 2/3 of Illinois. The role will include a renewal book of $2.5-$3 million. In addition, the role is responsible for generating over $1.5 million in new business each year. The successful candidate will utilize DecisionPoint, New Business Underwriters, as well as their own underwriting skills to generate the new business. In addition, the candidate will collaborate with renewal underwriters to manage the agency relationships and customer experience. The successful candidate will have a strong responsibility to ensure obligations are made and kept with agency partners; binding emotionally and intellectually with customers to create success. The candidate will need a strong desire to collaborate and generate a win/win environment. The candidate must have the ability to effectively communicate and leverage positive relationships across multiple business units and at many levels in the organization.

Utilizes appropriate tools to underwrite new and renewal business within area of product, customer and/or industry expertise. Ability to conducts in-depth risk analysis and develops optimal program structure as well as transact less complex flow business.Major Job Functions:

  • Maintains underwriting quality standards. Including appropriate documentation relating to final underwriting decision.
  • Serves as point person for managing Financial Lines presence in assigned territory. Maintain high visibility through proactive renewal communication, coverage features and visitation.
  • Collaborate with NBS, USB, Marketing Managers, branch colleagues and Branch Managers on new business and retention opportunities.
  • Utilize Tracker platform to drive new opportunities and Lead Development for Financial Lines.
  • Participate in projects with Strategic Marketing and other Home Office personnel that will drive field business. Examples include Win-Back Campaign and DecisionPoint Elite team.
  • Supports and collaborates on Branch distribution management activities. As part of the Branch agency planning process, conducts analysis of agency's Financial Lines Book of business and works with Branch Manager to establish new business goals.
  • Collaborates with field in educating agents on products, services, automation, and underwriting standards as well as sales/marketing techniques. Participates in agent education events including CE courses and product fairs within area of underwriting expertise
  • Informs manager of coverage and/or product opportunities/weaknesses impacting growth potential; gathers pertinent competitive information to assist in developing product development recommendations.
  • Identify Strategic Alliance opportunities and work with Chubb resources to develop those alliances into growth opportunities.
  • Coach and develop new team members whether locally or in underwriting centers. Engaging in an environment that leverages diverse perspectives and embraces all members of the team.

Critical Competencies:

  • Deal-Making and Negotiation: Proven ability to find creative solutions that strike appropriate balance between insured and producer needs while adhering to company/ Financial Lines underwriting standards. Identifying when to use additional resources to close those opportunities.
  • Sales and Marketing: Knowledge of Chubb products, competitors, customers, and marketplace within dedicated area of expertise. Demonstrated ability to develop and implement effective growth and retention strategies. Proven prospecting skills and effective use of CSI sales and marketing tools, including the Salesforce platform.
  • Distribution Management: Ability to build strong agency relationships and manage expectations under changing market conditions.
  • Collaboration: Ability to work collaboratively with multiple SBU, Underwriting Centers, Branch and Home Office stakeholders. Demonstrates effective consultation and partnering skills.
  • Communication: Demonstrated ability to differentiate the Chubb proposal by effectively articulating (verbally and in writing) underwriting strategy, appetite and capabilities. Ability to question and listen to wants/needs of customers.
  • Experience with Lines D&O, EPL, Fiduciary, Miscellaneous Professional, Cyber Liability, Employed Lawyers, Crime, Kidnap & Ransom and Workplace Violence lines of business

Bachelors degree required

Minimum five years of experience in underwriting preferred

Demonstrated record of teamwork, communication management and integrity

Results orientation

Effective influence management and collaboration

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 prides itself on the ability to provide all employees with an extraordinary work environment which promotes teamwork, diversity and incentives for those who exceed expectations. Chubb has been recognized as one of the top 50 companies for diversity by DiversityInc magazine, one of America's most admired companies by Forbes, and one of the top 100 companies to work for by Fortune.

Chubb's compensation and benefit plans work together to create a Total Rewards Program for our employees that is among the best in our industry. As a global organization, we work hard to achieve our goal of providing flexible and competitive compensation and benefits packages in each local market in which we operate. Our goal is to exceed average market practices for our performers. For more information about Chubb and our benefits, visit our website at www.chubb.com.

Keywords: Chubb, St. Louis , Sr Underwriter - Financial Lines, Other , Saint Louis, Missouri

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