Underwriter

ChubbPhiladelphia, PA
32d

About The Position

Underwrite new and renewal accident and health business Achieves profitable growth through effective use of underwriting and business skills in assigned territory Work on regional renewals. See that renewal underwriting is started at least 60/90 days prior to anniversary date and ensure management through completion. Maintain performance standards and meet satisfactory quote turnaround times Selects new risks based on established company/departmental guidelines and within delegated authority Coordinate compliance issues and review of marketing materials and brochures with compliance department Provide communication and direction for all processing requirements, including policy issuance and endorsements, premium registration and collection issues. Work as a partner with Business Development team to generate new business revenues by developing prospects, visiting producers, participating in presentations Partner with Business Development Team to foster a constructive working relationship with all internal partners (regional operations, compliance, marketing, policy issuance, sales and claims) through day to day contact Collaborate with Business Development Team to prepare budgets, business plans, marketing strategies and establishing long term goals. Provide backup and rationale for items reported on the Large Case Activity Report. Manage portfolio of business to ensure monthly/quarterly/annual goals are met. Provide weekly updates of monthly registration. Follow underwriting guidelines for pricing, risk selection and net Retention Loss frequency analysis; identify, analyze and provide plan for corrective action as necessary. Actively participate in regional operations forums including National Segment Leader and Commercial Segment Leader meetings. Assist Regional Management in the preparation of budgets, business plans, marketing strategy and establishing long term goals. Travel to various regions across the United States (e.g., New York, Los Angeles) to participate in and/or facilitate broker and client meetings.

Requirements

  • College degree in business related field
  • 1-3 years of underwriting experience with the ability to demonstrate leadership, initiative and influence management skills, prior experience in accident and health underwriting is preferred.
  • Product focus includes Business Travel Accident, Out of Country Medical, and Participant Accident.
  • Proven ability to provide direction, technical guidance and developmental opportunities to promote team excellence and achieve business goals.
  • Excellent interpersonal and communication skills
  • Capacity to thrive in a fast-paced environment with a focus on delivering quick quote turnaround times, while effectively servicing clients across multiple time zones.
  • Self-motivated with a strong sense of responsibility for one's actions and work product
  • Proven analytical ability to evaluate and judge underwriting risks.
  • Excellent communication, organization and negotiation skills.
  • Ability to work within a dynamic and challenging environment - handle multiple priorities - often under tight deadlines.
  • Ability to adapt effectively with varying market conditions, responsibilities and people in a changing environment.
  • Travel within region and to home office as needed.
  • Proficient in Microsoft Office (Excel, Word, Access).

Responsibilities

  • Underwrite new and renewal accident and health business
  • Achieves profitable growth through effective use of underwriting and business skills in assigned territory
  • Work on regional renewals. See that renewal underwriting is started at least 60/90 days prior to anniversary date and ensure management through completion.
  • Maintain performance standards and meet satisfactory quote turnaround times
  • Selects new risks based on established company/departmental guidelines and within delegated authority
  • Coordinate compliance issues and review of marketing materials and brochures with compliance department
  • Provide communication and direction for all processing requirements, including policy issuance and endorsements, premium registration and collection issues.
  • Work as a partner with Business Development team to generate new business revenues by developing prospects, visiting producers, participating in presentations
  • Partner with Business Development Team to foster a constructive working relationship with all internal partners (regional operations, compliance, marketing, policy issuance, sales and claims) through day to day contact
  • Collaborate with Business Development Team to prepare budgets, business plans, marketing strategies and establishing long term goals.
  • Provide backup and rationale for items reported on the Large Case Activity Report.
  • Manage portfolio of business to ensure monthly/quarterly/annual goals are met. Provide weekly updates of monthly registration.
  • Follow underwriting guidelines for pricing, risk selection and net Retention
  • Loss frequency analysis; identify, analyze and provide plan for corrective action as necessary.
  • Actively participate in regional operations forums including National Segment Leader and Commercial Segment Leader meetings.
  • Assist Regional Management in the preparation of budgets, business plans, marketing strategy and establishing long term goals.
  • Travel to various regions across the United States (e.g., New York, Los Angeles) to participate in and/or facilitate broker and client meetings.

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What This Job Offers

Job Type

Full-time

Career Level

Entry Level

Industry

Insurance Carriers and Related Activities

Number of Employees

5,001-10,000 employees

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