Senior Commercial Renewal Underwriter

Chubb • Readington Township, NJ

3d

About The Position

As a Senior Insurance Property and Casualty Underwriter, you will play a critical role in the underwriting support process for renewal business applications and new business opportunities within the small to mid-market segment. You will leverage your extensive knowledge of commercial insurance products—including auto, property, general liability, workers' compensation, and Excess/Umbrella to assess risk, develop competitive pricing, and lead underwriting initiatives. This position entails mentoring junior underwriters, collaborating cross-functionally, and contributing to strategic decision-making in underwriting policies.

Requirements

• Extensive knowledge of commercial insurance products, including auto, property, general liability, workers' compensation, and Excess/Umbrella.
• Advanced analytical skills to evaluate risk factors, loss history, and market trends.
• Ability to develop and maintain relationships with brokers and agents.
• Mentorship and guidance capabilities for junior underwriters.
• Experience in developing and refining underwriting policies, processes, and pricing strategies.
• Collaboration skills with cross-functional teams.
• Business development initiative experience.
• Knowledge of regulatory changes and industry best practices in underwriting.
• Experience in preparing and presenting detailed reports on underwriting performance metrics and market analysis.

Responsibilities

• Oversee and manage the underwriting process for complex commercial accounts, ensuring adherence to company guidelines while assessing risk and exposure for auto, property, general liability, workers' compensation, and Excess/Umbrella.
• Utilize advanced analytical skills to evaluate risk factors, loss history, and market trends to make informed underwriting decisions that align with the organization's Industry Practice strategic goals.
• Develop and maintain relationships with brokers and agents, offering exceptional service and acting as a key point of contact for underwriting inquiries.
• Provide mentorship and guidance to junior underwriters; facilitate training sessions and knowledge sharing to enhance team capabilities.
• Participate in the development and refinement of underwriting policies, processes, and pricing strategies based on industry trends and company objectives.
• Collaborate with cross-functional teams, including claims, risk management, and product development, to improve service delivery and enhance client satisfaction.
• Actively engage in business development initiatives, identifying opportunities for growth within existing portfolios and contributing to new business efforts.
• Monitor regulatory changes and industry best practices, ensuring compliance and alignment with current standards in underwriting practices.
• Prepare and present detailed reports on underwriting performance metrics and market analysis to senior management, aiding in strategic decision-making.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: No Education Listed