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Commercial Renewal Underwriter

Chubb
Posted 2 months ago, valid for 15 days
Location

Philadelphia, PA 19102, US

Salary

$80,000 - $96,000 per year

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Contract type

Full Time

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Sonic Summary

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  • The Commercial Insurance underwriter position involves underwriting and growing a book of business primarily focused on middle market companies with revenues up to $1B.
  • Key responsibilities include building relationships with agency/broker partners, retaining accounts, and driving new business through cross-selling and account rounding.
  • Candidates should have a proven ability to negotiate, analyze risks, and communicate effectively, along with strong time management and collaboration skills.
  • The role requires a minimum of 3-5 years of experience in underwriting and offers a competitive salary commensurate with experience.
  • Chubb is an equal opportunity employer, committed to providing a diverse and inclusive workplace.

Commercial Insurance writes companies with revenues up to $1B, including both guaranteed cost and loss sensitive program structures.  This underwriter will be charged with directly underwriting and growing a book consisting mainly of middle market business.

 

 

The position will be charged with building strong relationships with their assigned agency/broker plant to retain accounts and will work closely with the respective Commercial Insurance Managers, Industry Practice Leaders, Territory Underwriting Managers and Home Office line of business leaders to position this portfolio within Commercial Insurance for growth and profit. This role is also responsible for writing new business through cross sell and account rounding.

 

 

Responsibilities

The Renewal Underwriter will:

  • Underwrite primarily renewals for an assigned book of business.
  • Establish relationships with key trading partners and drive strong account retention activity across assigned territory. 
  • Be responsible for profit, growth and retention of assigned book.
  • Meet or exceed new business production goals while maintaining profitability across assigned portfolio and adhering to authority and strategies.
  • In conjunction with the Underwriter Associate, retain key assigned renewals and lead coordination of Risk Engineering & Claims Service where needed.
  • Maintain and develop relationships with the branch, our agents, brokers and clients. 

 

Competencies/Technical Skills:

  • Proven ability to successfully negotiate on all levels and develop producer relationships
  • Demonstrate ability to analyze risks, prioritize the gathering of underwriting data, and clearly communicate a well thought out underwriting approach
  • Excellent communication and documentation skills required
  • Ability to work independently, show initiative, while demonstrating strong collaboration skills in a team environment
  • Strong time and desk management skills
  • Working knowledge of Microsoft Office Suite as well as other business-related software

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.



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