Account underwriter job description

You are a driven and motivated problem solver ready to pursue meaningful work. You strive to make an impact every day & not only at work, but in your personal life and community too. If that sounds like you, then you've landed in the right place.

We're in the business of helping people achieve amazing things by protecting the things that matter most. And you can help us when you join our team of underwriters. They're at the center of everything we do - and by joining us, you'll be on a team known throughout the industry for providing our customers with just the right amount of coverage they need to pursue their unique interests.Your underwriting career here means collaboration, inclusivity, innovative thinking and so much more.

Here, doing things the way they've always been done isn't a part of the job. Here, you'll be putting your creative insights to work with other underwriters and leaders, having a seat at the table with key decision makers. And you'll have any number of opportunities for your career to grow in whatever direction you choose.

We'll Be a Good Match if You Have:• A customer-first mindset, putting our customers at the center of everything you do.• A passion for making decisions through both analyzing h data and employing critical thinking skills.• A team spirit and desire to work collaboratively.• A financial mindset to help make the best decisions.• Ability to own our work and following through on commitments.• Ability to decipher and execute within a fluid and changing business environment.• An understanding of how to build relationships and trust among diverse groups.• The ability to advance their careers into technical OR leadership positions.Qualifications:• Bachelor's Degree strongly preferred, or equivalent combination of education, training and experience• 1-3 years of Group Benefits underwriting experience• Demonstrated success in developing and maintaining solid relationships with all internal and external business partners• Excellent communication, interpersonal and presentation skills• An ability to think analytically about business problems, make recommendations and propose solutions• High energy self-starter, who is resilient and has an entrepreneurial spirit• Demonstration of solid time, organizational, and desk management skills• Goal-oriented and delivers outcomes• Ability to challenge the status quo and compete to win• Superior technical knowledge and sound decision-making and analytical skills
Compensation
The listed annualized base pay range is primarily based on analysis of similar positions in the external market. Actual base pay could vary and may be above or below the listed range based on factors including but not limited to performance, proficiency and demonstration of competencies required for the role. The base pay is just one component of The Hartford's total compensation package for employees. Other rewards may include short-term or annual bonuses, long-term incentives, and on-the-spot recognition. The annualized base pay range for this role is:

$55,920 - $83,880

Equal Opportunity Employer/Females/Minorities/Veterans/Disability/Sexual Orientation/Gender Identity or Expression/Religion/Age

About Us | Culture & Employee Insights | Diversity, Equity and Inclusion | Benefits

Underwriter RA - UO08LE
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Skills:

Chubb is the world's largest publicly traded property and casualty insurer. 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.

Chubb Global Casualty (CGC) Domestic is looking for an applicant to fill the position of Underwriter in our New York Branch. Formerly ACE Risk Management, CGC is the largest operating division in Chubb Major Accounts; our focus is Fortune 1,000 companies with risk taking appetites. Industries include major league sports, entertainment & media companies, large manufacturing & servicing industries, national retail and restaurant chains, and large transportation companies We offer customized & complex primary loss sensitive programs tailored to our client's business needs and operations.The core lines of business include: Workers Compensation, General Liability and Auto Liability.
Responsibilities

The Underwriter will:

* Handle day-to-day servicing for a book of large, complex, loss-sensitive accounts.
* Underwriting Fortune 100 companies with annual premium in excess of $1 million minimum.
* Be responsible for growth and retention of assigned book.
* Negotiate the annual pricing, terms and conditions on renewal business.
* Work on new business opportunities with key brokerage houses in the NY Metro Region, design and propose appropriate program structures and pricing for said opportunities.
* Maintain and develop relationships with their brokers and clients.
* Develop a pipeline with our major trading partners, as well as engaging other business units for cross-selling opportunities.
* Engage with National Brokers
* Learn in a fast-paced, dynamic environment

Qualifications:

* Bachelor's degree
* At least 5+ years underwriting experience including time spent in the primary casualty loss sensitive space
* Proficiency in Microsoft Office Suite
* Presentation and public speaking skills
* Strong negotiations skills
* Local broker and insurance marketplace relationships
* Knowledge and understanding of current insurance marketplace conditions
* Understanding and adherence to organizational and regulatory rules, and ability to adhere to underwriting authority
* Understanding of Workers Compensation, General Liability, and Auto Liability Insurance coverage, terms and conditions - included but not limited to ISO AL & GL and NCCI Workers Compensation coverage forms and endorsements.
* Understanding of large deductible programs and the credit and collateral implications of such programs
* Ability to identify risk exposures, special or common hazards, and appropriate controls. Ability to select risk based on exposure and hazard analysis. Ability to analyze claims and loss trends

Chubb offers a competitive compensation package and comprehensive benefits package including life, health and dental, vision, a generous retirement savings plan, disability coverage, stock purchase plan, flexible spending accounts, tuition reimbursement, and business casual dress. 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, religion, age, sex, sexual orientation, transgender, national origin, disability, genetic information, veteran, or marital status, or any other characteristic protected by law.

EEO Statement

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.

A new job is a big decision. Don't work just anywhere. Be Selective.

Our Business

Selective is a midsized U.S. domestic property and casualty insurance company with a history of strong financial performance for over 95 years. Focused on exceptional employee and customer experience, we are frequently recognized for awards and honors, including being named to Forbes' 2021 Best Workplaces in Financial Services and Insurance list.

Our Culture

We genuinely care about each other, our customers, and the communities in which we operate. Our leaders actively champion career development and invite us to voice unique ideas and diverse perspectives. If that sounds appealing, we think you would feel inspired on our team to achieve and be rewarded for extraordinary results.

Hybrid Opportunity: 2 days in-office/3 remote

Responsibilities:

• Manage and underwrite a territory of new business and renewals to maintain profitable results, by identifying changes in risk exposures or characteristics, changes in loss trends as measured by loss ratio, loss frequency or other measures.
• Develop relationships with agents and other business areas through effective communication.
• Review reports for action needed on accounts for territory. Collaborate with management, SBU's or Line of Business Units and take appropriate action.
• Process verbal and written correspondence with agents and/or insureds as required. Accompany Account Manager on agency & insured visits. Be an active participant during account reviews.
• Develop an understanding of how to apply the rules and rates to unique rating situations involving new and renewal policies, endorsements, and cancellations and apply this criteria to accommodate the commercial lines automated system or other automated systems as required, including processing state filings for accounts, if needed.
• Input underwriting information regarding new or renewal policies on appropriate automated systems, and utilize other available automated systems efficiently and effectively.
• Embrace a culture of Continuous Improvement (CI) and actively identify opportunities for improvement to increase efficiency.

Knowledge & Requirements:

• Keep current on all changes effecting unit's work production and on changes within the insurance industry.
• Highly motivated and results-oriented
• Strong verbal and written communication skills
• Good analytical skills
• Proficient in Microsoft Office Suite

Education & Experience:

• College degree preferred
• 3+ years Commercial Lines or Large Account/Alternative Risk Underwriting Experience preferred

Selective is an Equal Employment Opportunity employer. That means we respect and value every individual's unique opinions, beliefs, abilities, and perspectives. We are committed to promoting a welcoming culture that celebrates diverse talent, individual identity, different points of view and experiences - and empowers employees to contribute new ideas that support our continued and growing success. Building a highly engaged team is one of our core strategic imperatives, which we believe is enhanced by diversity, equity, and inclusion. We expect and encourage all employees and all of our business partners to embrace, practice, and monitor the attitudes, values, and goals of acceptance; address biases; and foster diversity of viewpoints and opinions.

Selective maintains a drug-free workplace.

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