Underwriting Assistant, Financial Lines

Chubb • Simsbury, CT

379d

About The Position

The Underwriting Assistant for Financial Lines at Chubb is responsible for supporting the underwriting process across various insurance coverages, including Cyber, MPL, and POL. This role contributes to achieving financial and service goals while ensuring compliance with standardized workflows. The assistant will manage policy issuance, account management, and communication with agents and underwriters, ensuring the integrity of electronic files and addressing any discrepancies.

Requirements

• Strong communication skills.
• Multi-tasking and organizational skills.
• Mathematical aptitude.
• Knowledge of standardized workflows, roles, and compliance requirements.
• Familiarity with applicable rating and issuance systems.
• Proficiency in Microsoft Word and Excel.
• Basic understanding of financial concepts and terminology.
• Ability to organize work and perform within time constraints.
• Strong prioritization skills.
• Strong written and verbal communication skills.
• Flexibility and adaptability to change.
• Good attention to detail.

Nice To Haves

• Previous experience in a similar role preferred.
• College degree preferred but will consider High School diploma.

Responsibilities

• Support the underwriting process for multiple lines of insurance coverage including Cyber, MPL, and POL.
• Book, bind, and issue new line and renewal policies, mid-term endorsements, and cancellations.
• Assist with account management and achievement of service goals.
• Communicate with agents/brokers and underwriters regarding the status of open items.
• Ensure electronic file integrity and process cancellations, BORs, and countersigning.
• Research and resolve premium discrepancies and compliance-related issues.
• Coordinate the renewal process for the underwriter and review renewal submissions for completeness.
• Analyze renewal account-specific information, including loss information and financials.
• Create underwriting analysis templates and document renewal changes for referral to the underwriter.
• Rate renewal policies and determine pricing strategy in conjunction with the underwriter.
• Coordinate the quotation process and complete quote letters for referral to the underwriter.

Benefits

• Equal employment opportunity and compliance with all laws and regulations.
• Commitment to diversity and inclusion in hiring and employment practices.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Industry: Insurance Carriers and Related Activities
• Education Level: High school or GED
• Number of Employees: 1,001-5,000 employees