Area of Interest: Insurance - Underwriting
Description: For more than 125 years, 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.
Today, we are the 11th largest property and casualty insurer in the United States and have a worldwide network of some 120 offices in 28 countries staffed by 10,600 employees. The Chubb Corporation reported $50.6 billion in assets and $14.1 billion in revenues in 2007. According to Fortune magazine, Chubb is the 176th largest U.S.-based corporation. The magazine also includes Chubb in its list of Americas Most Admired Companies. Forbes listed Chubb as one of Americas 400 Best Big Companies.
Chubb has maintained its reputation and financial stability with underwriting expertise, unparalleled customer service, unique industry-specific specialization and a deep respect for all of our employees.
Currently, Chubb is seeking a CCM Recreational Marine Underwriter for either the New York City or Los Angeles office.
JOB DESCRIPTION:
This CCM Recreational Marine Underwriter Position is accountable for:
•Financial performance, including profit, rate, retention and growth of a $52M renewal book of Recreational Marine lines of business and managing a multi-year in-force book of $12 million
•Identifying opportunities for growth within new and existing production sources and developing and executing a new business growth strategy including developing prospects. New business expectation of $4M
•Successful market penetration and broker management including building, maintaining and managing producer and customer relationships (multi state: will include travel)
•Developing broker strategy and goals with continual monitoring of progress
•Identifying cross sell opportunities within Chubb products and services
•Soliciting, selecting and analyzing risk within Chubb Wholesale Insurance guidelines and ensuring proper documentation
•Developing and negotiating price, coverage, terms and conditions for all new business, renewals and actively identifying account rounding opportunities
•Meeting with producers and new and renewal customers to give sales presentations; including product education and new product roll out
•Collaborating with Underwriters, Operations, Claims, Marketing and home office Product Management
•Consistently meeting service standards
•Collecting and sharing industry intelligence with team; including trending and development
Knowledge, skills and abilities:
•Solid knowledge of underwriting and insurance industry theories and practices, a solid understanding and experience in package, automobile and umbrella business
•Knowledge of Recreational Marine Insurance would be an asset but not a pre-requisite
•Demonstrated technical expertise and product specific knowledge with experience handling new and renewal business in accordance with established underwriting guidelines
•Strong analytical skills including financial analysis
•Demonstrated proficiency in sales and marketing
•Strong interpersonal, communication and negotiation skills
•Ability to effectively interact with all levels of internal and external business partners; including insurance Broker/Agents, insured's, etc.
•Experience developing and executing on marketing plans and prospects; ability to rapidly adjust strategy based on market trends
•Ability to be creative and adaptable in a changing business environment
•Sound, balanced and timely decision making skills
•Knowledge of Microsoft Office Suite as well as other business-related software
Education and Experience
•Bachelor's degree or equivalent experience
•Minimum 3 years of experience underwriting in a multi-line environment, Recreational Marine background preferred
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 Americas 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.
All interested applicants must apply online at www.chubb.apply2jobs.com Reference Requisition number 7080.
http://www.chubb.apply2jobs.com/index.cfm?fuseaction=mExternal.showJob&RID=7080&CurrentPage=2
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