Underwriter, Surety

Chubb•Chicago, IL

About The Position

Under supervision, the Underwriter is accountable for managing and underwriting a portfolio of commercial surety accounts, as well as developing and maintaining agency and broker relationships within territory to generate new business opportunities. Duties may include but are not limited to: Solicits new and renewal submissions from brokers while basing communications on strategic thinking and broader producer strategies. With the guidance of management, will learn to manage the underwriting process by utilizing a broad range of financial expertise, industry knowledge, and business acumen. Drives the dual underwriting process by providing intelligent, well thought out recommendations and company analyses. Will develop awareness of industry trends and external economic factors, and extrapolates what the impact of such trends and factors will be on our business and our customers’ business. Changes tactics or strategies to reflect such trends. Will learn to identify risk exposures, special or common hazards, and appropriate controls. Enhance the Company’s presence in assigned territories via relationship building with both internal and external customers, and by providing superior service to both internal and external stakeholders. Demonstrates independent decision making, and has demonstrated leadership qualities. Takes responsibility for the fulfillment of department goals established for profit, service, and relationship management with branches, home office, producers, accounts, competitors and other Chubb departments. Uses discipline and available underwriting and pricing tools to reduce risk profile across a wide spectrum of business, and to manage costs in order to meet targeted profitability metrics.

Requirements

Bachelor's degree
1-3 years surety underwriting (or comparable) work experience
Knowledge of insurance industry
Knowledge of basic business financial reports
Microsoft Word, Excel, and Outlook
Internet usage
Oral and written communication skills
Negotiation skills
Marketing skills
Basic leadership skills
Ability to use systems and software programs needed to conduct daily business.

Responsibilities

Manage and underwrite a portfolio of commercial surety accounts.
Develop and maintain agency and broker relationships within territory to generate new business opportunities.
Solicit new and renewal submissions from brokers.
Manage the underwriting process utilizing financial expertise, industry knowledge, and business acumen.
Provide recommendations and company analyses.
Develop awareness of industry trends and external economic factors and their impact on business.
Identify risk exposures, special or common hazards, and appropriate controls.
Enhance the Company’s presence in assigned territories via relationship building.
Provide superior service to internal and external stakeholders.
Demonstrate independent decision making and leadership qualities.
Take responsibility for the fulfillment of department goals for profit, service, and relationship management.
Use underwriting and pricing tools to reduce risk profile and manage costs to meet targeted profitability metrics.