As a Custom Solutions Renewal Underwriter you will be accountable for managing a book of business of E&S policies post-issuance. The Renewal Underwriter crafts, documents and underwrites endorsements, inspections, and is responsible for quoting renewal business. This includes evaluating requests for bespoke solutions with customized language for Premier accounts, understanding of the company's current CAT strategy, and routing to the appropriate Custom Solutions resource in a timely, efficient, professional and accurate manner.
The successful candidate will also provide solutions for certain international policies along with acting as a resource and contact for commercial exposures as a part of an expanded capabilities approach.
Key Responsibilities
Underwrite issued Custom Solutions policies within assigned territory, which includes applying knowledge of coverage forms, rating plans and guidelines in selection and pricing of individual risks, change requests, and renewals.
Process transactions and renewal business in a timely and efficient manner in order to grow revenues and maintain retention and profitability.
Review, analyze and underwrite endorsements and appraisals by evaluating exposures, rates, policy terms within company underwriting policies.
For exposures outside of your authority, review submission information with the underwriter, research and provide analysis of account information, and ensure overall compliance
Compile and document risk reports
Coordinate reports such as registry, excess tracking, and other servicing reports
Utilize Custom Solutions platform, SharePoint as well as local drives, PLUW, Risk ID, iClaims and other tools in gathering information for account review. Complete risk reports for risk documentation or referral to the Underwriter.
Review, verify and publish all documents and track tools and templates
Research and respond to Producer inquiries on renewals
Serve as the first point of contact for internal and external contacts on account related matters
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.
Competencies
Strong written and verbal communication skills
Math aptitude
Technical knowledge specific to diverse situations and sound judgment to determine appropriate course of action
Strong organization skills
Detail orientation with the ability to compile, evaluate and interpret information and data
Ability to track assignments and follow through with others as necessary
Ability to independently multi-task, perform within time constraints and respond to changing business priorities
Proficiency in MS Word, Excel, and SharePoint
Education and Experience
Bachelor's degree preferred
Prior P&C insurance industry experience required
Knowledge of underwriting process guides, MS Excel and Word, SharePoint and other manual trackers are required
Comfort with learning electronic underwriting and claims systems and detailed manual processes
The pay range for the role is $70,000 to $83,000. 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 at https://careers.chubb.com/global/en/north-america. The disclosed pay range estimate may be adjusted for the applicable geographic differential for the location in which the position is filled.
Chubb is the world’s largest publicly traded property and casualty insurance company and the largest commercial insurer in the U.S.
With operations in 54 countries and territories, we are a major personal lines writer, as well as a leading middle market, small commercial and large industrial commercial insurer, providing a wide range of traditional and specialty coverages.
As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. And we combine the precision of craftsmanship with deep experience to conceive, craft and deliver the very best insurance coverage and service to individuals and families and to businesses of all sizes.
Our products and services are distributed through brokers, independent agents, exclusive agents and various forms of direct marketing.
What we deliver: