Executive Underwriter, Private Equity
Apply NowCompany: Chubb
Location: San Francisco, CA 94112
Description:
Job Description
Chubb Group of Insurance Company's is currently looking for an Executive Underwriter to join its Commercial Insurance Middle Market department in the San Francisco Bay Area.
Position Description:
The P&C Underwriter has responsibility for new and renewal business for his/her own book of business. The position will be responsible for driving profitable growth with Bay Area producers, inclusive of large national brokers, key Cornerstone relationships and local/regional agents. Lines of business include package, automobile, umbrella, international, Cyber, E&O, and workers' compensation. Underwriting duties will include developing and negotiating price, coverage, terms and conditions for all new business and renewals while actively identifying account rounding opportunities for other Chubb Commercial Insurance practices. Collaborating with underwriters, operations, claims, marketing, and home office management is necessary. Must implement and manage effective pricing and rate strategies that will produce profitability, book growth, and successful producer relations. We are looking for a candidate who is highly motivated, results oriented with solid business and underwriting acumen.
Duties include but are not limited to:
Qualifications
MINIMUM REQUIREMENTS:
DESIRED QUALIFICATIONS:
The pay range for the role is $114,600 to $194,800. The specific offer will depend on an applicant's skills and other factors. This role may also be eligible to participate in a discretionary annual incentive program. Chubb offers a comprehensive benefits package, more details on which can be found on our careers website. The disclosed pay range estimate may be adjusted for the applicable geographic differential for the location in which the position is filled.
About Us
Chubb is a world leader in insurance. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.
At Chubb, we are committed to equal employment opportunity and compliance with all laws and regulations pertaining to it. Our policy is to provide employment, training, compensation, promotion, and other conditions or opportunities of employment, without regard to race, color, religious creed, sex, gender, gender identity, gender expression, sexual orientation, marital status, national origin, ancestry, mental and physical disability, medical condition, genetic information, military and veteran status, age, and pregnancy or any other characteristic protected by law. Performance and qualifications are the only basis upon which we hire, assign, promote, compensate, develop and retain employees. Chubb prohibits all unlawful discrimination, harassment and retaliation against any individual who reports discrimination or harassment.
Chubb Group of Insurance Company's is currently looking for an Executive Underwriter to join its Commercial Insurance Middle Market department in the San Francisco Bay Area.
Position Description:
The P&C Underwriter has responsibility for new and renewal business for his/her own book of business. The position will be responsible for driving profitable growth with Bay Area producers, inclusive of large national brokers, key Cornerstone relationships and local/regional agents. Lines of business include package, automobile, umbrella, international, Cyber, E&O, and workers' compensation. Underwriting duties will include developing and negotiating price, coverage, terms and conditions for all new business and renewals while actively identifying account rounding opportunities for other Chubb Commercial Insurance practices. Collaborating with underwriters, operations, claims, marketing, and home office management is necessary. Must implement and manage effective pricing and rate strategies that will produce profitability, book growth, and successful producer relations. We are looking for a candidate who is highly motivated, results oriented with solid business and underwriting acumen.
Duties include but are not limited to:
- Solicit new and renewal submissions from agents and brokers - the underwriter is responsible for a new business production goal and managing a renewal book of business
- Execute regional marketing and sales strategies including prospecting, cross sell and upsell initiatives
- Determine terms, conditions and pricing using complex rating plans, underwriting guidelines and staying within authority levels
- Work collaboratively with Manager, Underwriting Associate and other unit and region colleagues
- Document underwriting files thoroughly and accurately
- Handle accounts and portfolio of business within underwriting authority
- Adhere to all underwriting standards and guidelines as outlined by the Division including all applicable Underwriting Guidelines, Authorities and Position Papers
- Adhere to guidelines for accurate and timely policy issuance, accurate premium booking and billing, manuscript form and endorsement processes, and file construction and documentation
- Local, regular agency and broker travel
Qualifications
MINIMUM REQUIREMENTS:
- A minimum of 5 years of relevant underwriting experience.
- The Executive Underwriter is a parallel track with both the Specialist and Team Leader tracks or promotionally to Practice Leader.
- The Executive Underwriter track provides opportunities for performing individuals, who are not on the Specialist track, to increase their contribution and continue to grow with the company.
DESIRED QUALIFICATIONS:
- Knowledge of the Private Equity insurance industry
- Demonstrated proficiency with all manner of technology
- Bachelor's degree or equivalent
The pay range for the role is $114,600 to $194,800. The specific offer will depend on an applicant's skills and other factors. This role may also be eligible to participate in a discretionary annual incentive program. Chubb offers a comprehensive benefits package, more details on which can be found on our careers website. The disclosed pay range estimate may be adjusted for the applicable geographic differential for the location in which the position is filled.
About Us
Chubb is a world leader in insurance. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.
At Chubb, we are committed to equal employment opportunity and compliance with all laws and regulations pertaining to it. Our policy is to provide employment, training, compensation, promotion, and other conditions or opportunities of employment, without regard to race, color, religious creed, sex, gender, gender identity, gender expression, sexual orientation, marital status, national origin, ancestry, mental and physical disability, medical condition, genetic information, military and veteran status, age, and pregnancy or any other characteristic protected by law. Performance and qualifications are the only basis upon which we hire, assign, promote, compensate, develop and retain employees. Chubb prohibits all unlawful discrimination, harassment and retaliation against any individual who reports discrimination or harassment.