Underwriter, Financial Lines

Chubb • Philadelphia, PA

236d

About The Position

The Underwriter for Financial Lines will be responsible for understanding the fundamentals of coverage, terms, and conditions. The role requires the ability to offer coverage that generates profit for the company while meeting customer needs across various products, including Directors & Officers Liability, Professional Liability for Asset Managers and Funds (including hedge funds, private equity, and venture capital), Bankers Professional Liability, Insurance Company Professional Liability, Security Broker-Dealer Professional Liability, Employment Practices Liability, Fiduciary Liability, and Fidelity Risk Assessment. The position involves performing risk analysis for Financial Institutions clients, identifying risk exposures, and selecting risks based on exposure and risk analysis. The Underwriter must also analyze claims, quantify losses, and possess financial proficiency, including an understanding of financial statements and ratios used in risk analysis. Knowledge of insurance financial fundamentals and credit risk is essential, as well as an understanding of actuarial fundamentals, loss trends, and ratemaking. The role also includes marketing and communications responsibilities, requiring the ability to sell and negotiate for profitability, make presentations, and manage producer strategy while cross-marketing with other underwriting groups.

Requirements

• Strong understanding of insurance coverage and terms.
• Experience in risk analysis for financial institutions.
• Ability to identify and manage risk exposures.
• Financial proficiency and understanding of financial statements.
• Knowledge of credit risk and actuarial fundamentals.
• Excellent communication and negotiation skills.

Responsibilities

• Understand coverage fundamentals, terms, and conditions.
• Offer profitable coverage that meets customer needs.
• Perform risk analysis for Financial Institutions clients.
• Identify risk exposures and appropriate controls.
• Select risks based on exposure and risk analysis.
• Analyze claims and quantify losses.
• Demonstrate financial proficiency and understanding of financial statements.
• Understand credit risk and insurance financial fundamentals.
• Utilize actuarial fundamentals for loss trends and ratemaking.
• Sell and negotiate for bottom line profitability.
• Make presentations and communicate effectively.
• Manage producer strategy and cross-market with other underwriting groups.

What This Job Offers

• Job Type: Full-time
• Industry: Insurance Carriers and Related Activities