Senior Underwriter, Lower Middle Market

Chubb Ltd

Schaumburg, IL

JOB DETAILS
SALARY
$100,000–$165,000 Per Year
SKILLS
Analysis Skills, Business Development, Business Growth, Claims Processing, Commercial Real Estate, Communication Skills, Cross-Selling, Distribution Operations, Forecasting, Incentive Programs, Insurance, Insurance Sales, Insurance Underwriting, Interpersonal Skills, Maintain Compliance, Mortgage Lending, Negotiation Skills, Organizational Skills, Production Planning, Regulatory Compliance, Relationship Management, Revenue Growth, Service Delivery, Strategic Planning, Team Player, Technical Analysis, Time Management, Underwriting, Worker's Compensation
LOCATION
Schaumburg, IL
POSTED
30+ days ago

The Lower Middle Market ("LMM") New Business Underwriter is a field-underwriting role fully dedicated to new revenue generation for multiline accounts of low to moderate size and complexity for an assigned group of agents. This individual reports into a Commercial Insurance branch office and matrixes into a regional LMM underwriting team. The individual is accountable for reviewing, triaging, underwriting, and quoting submissions and securing binds to achieve his/her individual production goal while adhering to Chubb standards of underwriting and compliance.

The ideal candidate will possess strong underwriting skills, exceptional communication abilities and the capacity to build and maintain impactful relationships. In this role, you will effectively manage agent relationships and collaborate with internal partners in Field Underwriting, Distribution and Operations to ensure seamless processes and superior service delivery.

Primary responsibilities:

  • Multiline underwriting including Package, Umbrella, Workers Compensation, Auto, and ancillary lines while ensuring adherence to our established underwriting strategy and authority, as well as following a referral process to maintain compliance and audit standards.
  • Cross-sell additional lines of business to maximize revenue per account, including P&C, Financial Lines, Cyber, Accident & Health, and other relevant products.
  • Work closely with local Business Development Managers to identify opportunities for growth and production enhancement within assigned agencies.
  • Establish and maintain strong working relationships with assigned agents to drive profitable growth.
  • Disciplined desk management, including production planning and forecasting for assigned book of business.

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.

The preferred candidate has experience in Commercial Lines Property & Casualty underwriting and has demonstrated the ability to drive profitable new business revenue while adhering to audit and compliance requirements.

The following are required:

  • Minimum 2-4 years commercial lines underwriting experience.
  • Proven ability to use technical analysis and underwriting skills to profitably grow new business revenue.
  • Strong interpersonal, communication, and negotiation skills.
  • Demonstrated record of teamwork and integrity.
  • Strong organizational and time management skills.
  • Desire to work in a dynamic, fast-paced environment.
  • Bachelors degree or equivalent experience.

The following are preferred:

  • Package underwriting experience.

The pay range for the role is $100,000 to $165,000. The specific offer will depend on an applicants 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 the Company

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Chubb Ltd

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:

  • Extensive product and service offerings
  • Broad distribution capabilities
  • Service excellence
  • Risk expertise
  • Underwriting discipline
  • Exceptional financial strength
  • Local operations globally
COMPANY SIZE
500 to 999 employees
INDUSTRY
Insurance
FOUNDED
1792
WEBSITE
https://www.chubb.com/