Associate Underwriter

Chubb•San Francisco, CA

2d•$73,000 - $107,000•Hybrid

About The Position

The Associate Underwriter’s primary responsibility is to manage an existing book of renewable business through a demonstration of strong skills in coverage fundamentals, risk assessment, financial proficiency, actuarial fundamentals, marketing and communications, and systems proficiency. Duties may include selecting, analyzing, and underwriting individual risks, managing a renewable book of business with strategic underwriting guidance, monitoring book results and recommending corrective actions, providing input on projects for profitable growth, participating in audits and underwriting meetings, cross-selling opportunities within other Chubb divisions, and traveling less than 25%.

Requirements

Bachelor’s degree
Industry designations – CPCU or AMIM preferred
Minimum 3 years of current underwriting/insurance experience
Concentration in Inland Marine products including Builder’s Risk preferred
Strong analytical skills with the ability to collect, organize, and analyze significant amounts of information with attention to detail and accuracy
Effective time and desk management, balancing a large book of renewal business
Able to work collaboratively and prioritize in a matrix environment
Strong oral and written communication skills
PC and Microsoft Office Products proficient, Excel skills in particular

Nice To Haves

CPCU or AMIM industry designations
Concentration in Inland Marine products including Builder’s Risk

Responsibilities

Manage an existing book of renewable business.
Offer coverage, terms, and conditions that generate a profit for the Company while meeting customer needs.
Identify risk exposures, special or common hazards, and appropriate controls.
Select risk based on exposure and risk analysis.
Analyze claims and quantify losses.
Understand insurance financial fundamentals and their impact on underwriting decisions.
Understand loss trends and ratemaking.
Quantify risk based on experience history and forecasting methods.
Sell and negotiate to achieve bottom line profitability for the Company.
Base communications on strategic thinking.
Manage producer strategy.
Use systems and software programs needed to conduct daily business.
Select, analyze, and underwrite individual risks utilizing corporate pricing and reinsurance techniques to obtain desired results within established business plans and assigned authority.
Provide strategic underwriting guidance for a renewable book of business, including rate/terms/deductibles.
Monitor results of the overall book of business assigned and recommend corrective action as necessary to ensure retention of desirable accounts.
Provide quality and timely input on assigned projects to meet the Company’s needs in the changing market and to support profitable growth.
Participate in audits and/or underwriting meetings as required.
Cross-sell opportunities within other Chubb divisions through promotion of their products and services.