Underwriter

Chubb•Chicago, IL

1h•$82,000 - $118,000

About The Position

The Underwriter contributes to the Excess Casualty National Accounts segment business plan and is responsible for producing, underwriting, and maintaining new and renewal umbrella and excess casualty accounts within an assigned territory. The role establishes and maintains productive relationships with brokers and internal business partners to support new business opportunities and the retention of existing accounts. The Underwriter evaluates submissions and casualty exposures, selects and prices risks within established underwriting strategies and authority, sets coverage terms, prepares quotes, and documents underwriting decisions. The role manages assigned accounts and portfolios, participates in broker and client meetings, negotiates to balance customer needs with underwriting profitability, and supports the National Accounts and Excess Casualty business plans through effective portfolio management and collaboration.

Requirements

Knowledge of the commercial insurance industry and casualty underwriting concepts, practices, and procedures.
Ability to identify and evaluate risk exposures, hazards, controls, and loss trends.
Ability to analyze claims information and quantify loss exposure.
Understanding of financial statements and financial ratios used in risk analysis.
Understanding of actuarial concepts, including loss development, loss trends, and ratemaking.
Strong analytical, decision-making, negotiation, and marketing skills.
Effective written and verbal communication skills.
Ability to build productive relationships with brokers, clients, and internal business partners.
Ability to organize, prioritize, and manage work with limited direction.
Ability to perform effectively in a fast-paced, deadline-driven environment.
Proficiency with Microsoft Word, Excel, Outlook, and applicable underwriting systems.

Responsibilities

Solicit and evaluate new and renewal submissions from brokers.
Analyze casualty exposures, loss experience, financial information, and risk controls.
Select, price, and structure risks in accordance with established underwriting strategies and authority.
Determine appropriate coverage terms and conditions.
Prepare quotes and document underwriting decisions.
Manage assigned accounts and portfolios within underwriting authority.
Develop and maintain strong broker relationships.
Participate in broker and client meetings.
Negotiate effectively while balancing customer needs with underwriting profitability.
Adhere to Chubb standards for pricing, documentation, and account servicing.
Support the National Accounts and Excess Casualty business plans through effective portfolio management and collaboration.