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Senior Underwriter, Financial Institutions

Chubb
Posted 5 months ago, valid for 15 days
Location

Walnut Creek, CA 94597, US

Salary

$95,000 - $114,000 per year

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Contract type

Full Time

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Sonic Summary

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  • Chubb is looking for a Financial Institutions Senior Underwriter with a focus on managing a renewal book and generating new business in Walnut Creek.
  • The role requires developing a business plan to grow the Financial Institutions book and achieving new business production targets of $1.3m to $1.7m.
  • Candidates should have prior experience in underwriting Financial Institutions business and should be adept at establishing relationships with agents and brokers.
  • The position emphasizes accountability for financial performance, retention, and growth of the portfolio, as well as conducting regular agency planning and goal setting.
  • Salary details were not specified in the job description, but the role typically requires significant experience in the insurance industry.

We are seeking a highly motivated and results-oriented Financial Institutions Senior Underwriter to join our team. This role involves managing a renewal book and generating new business, with a focus on underwriting Financial Institutions business for Package, Worker’s Compensation, Auto, General Liability, Umbrella, and International programs. The position will be based in our Walnut Creek branch.


The position will be responsible for developing and implementing a business plan to grow the Financial Institutions book through prospect identification and pipeline development, new business production and account management with defined set of agents within Northern California and the Pacific Northwest.


The Financial Institutions Senior Underwriter will have accountability for the financial performance of the book of business, achieving growth for the branch, region and territory.  They will identify opportunities for growth within new and existing production sources, identify cross sell opportunities, conduct agency planning/goal setting including monitoring of progress and make regular broker and insured visits.
 

Position Responsibilities:

  • Oversee the financial performance of a portfolio, focusing on profit, rate, retention, and growth. Target new business production of $1.3m to $1.7m and manage a renewal portfolio effectively.
  • Develop and negotiate pricing, coverage, terms, and conditions for all new business and renewals. Implement effective and profitable pricing strategies while adhering to underwriting guidelines.
  • Establish and maintain superior relationships with key trading partners, agents, brokers, and clients. Conduct regular broker and insured visits to drive submission activity and market penetration.
  • Develop and implement a business plan to grow the Financial Institutions book through prospect identification, pipeline development, and strategic market penetration. Identify cross-sell opportunities and conduct agency planning and goal setting.
  • Work effectively with Underwriting Associates, Risk Consulting, and Claims service teams to retain key renewals and enhance service delivery.
  • Collect and share industry intelligence, including trends and developments, to inform strategic decisions and maintain a competitive advantage.
     

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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