Senior underwriter job description

Who Are We?Solid reputation, passionate people and endless opportunities. That's Travelers. Our superior financial strength and consistent record of strong operating returns mean security for our customers - and opportunities for our employees. You will find Travelers to be full of energy and a workplace in which you truly can make a difference.
Job Category
Underwriting

Target Openings
1

What Is the Opportunity?
The Bond & Specialty Insurance (B&SI) group at Travelers provides a broad array of competitive management liability, professional liability and surety products and coverages to businesses of all sizes. This Account Executive Officer (AEO), Bond & SI role will partner with brokers to provide Commercial Surety, Construction Services, Financial Institutions, Private/Non-Profit, Professional Liability, Public Company Liability coverage for new and renewal business based on customers' needs. This role is seen as a technical resource. As an AEO, you are decisive, detail-oriented, and have the ability to build relationships internally and externally to drive results. Your ability to independently assess complex risk and promote our products in challenging markets will contribute to the profitability and success of Travelers.
What Will You Do?
Responsible for the profitability, growth, and retention of an assigned book of business through advanced knowledge and understanding of Travelers risk appetite to make appropriate decisions within own underwriting authority.Underwrite and skillfully negotiate complex customer accounts to minimize risk and maximize profitability.Develop and maintain relationships with internal partners within the business unit and across the enterprise to create sales plans and identify cross-selling opportunities.Develop, foster and maintain relationships with external partners by regularly meeting with brokers to market and promote Travelers products, leveraging a full range of product knowledge, with a goal of writing and retaining accounts consistent with our risk appetite.Identify and capture new business opportunities using consultative marketing and sales skills.Independently develop and execute sales plans, and partner with your Managing Director (MD) to develop group sales plans, to ensure retention and new business targets are met.May assist in the training and mentoring of less experienced Account Executives.Other duties as assigned.Perform other duties as assigned.
What Will Our Ideal Candidate Have?
Bachelor's degree in a finance-related discipline preferred.Six to eight years of finance-related experience or management liability underwriting experience preferred.Deep knowledge of management liability, the regulatory environment, and the local insurance market preferred.Relevant experience interacting with brokers preferred.Strong financial acumen, including the ability to analyze financial statements and client's operational history preferred.Strong critical thinking skills with the ability to proactively identify underwriting, marketing or financial challenges and analyze available information to make timely decisions in alignment with our risk appetite preferred.Excellent communication skills, with the ability to successfully negotiate with brokers in difficult situations preferred.

What is a Must Have?
Four years of finance-related experience or relevant insurance or underwriting experience required.Valid driver's license or alternative means of transportation required.Travel 10-25% of time required.

What Is in It for You?

Health Insurance: Employees and their eligible family members - including spouses, partners, and children - are eligible for coverage from the first day of employment.Retirement: Travelers provides a core contribution of 3% of your total eligible earnings to your Deferred Profit Sharing Plan (“DPSP”). Travelers also matches your savings plan contribution dollar-for-dollar up to 5% of base pay.Paid Time Off: Start your career at Travelers with a minimum of 20 days Paid Time Off (“PTO”) annually, plus the opportunity to purchase additional days to allow for up to a total of 36 PTO days per year. You will also receive twelve paid company Holidays.Wellness Program: The Travelers wellness program is comprised of tools and resources that empower you to achieve your wellness goals. In addition, our Life Balance program provides access to professional counseling services and other resources to support your daily life needs. Through Life Balance, you're eligible for free counseling sessions with a licensed therapist.Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards program that enables you to give back to the charity of your choice.

Equal Employment Opportunity Statement
Travelers is an equal opportunity employer. We are committed to providing accommodation to persons with disabilities. If you require accommodation during the recruitment or interview process we will work with you to accommodate your needs.

If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email so we may assist you.

_*Senior Underwriter - Life Sciences* * *_

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. 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.

Chubb is currently seeking a Commercial Lines - Life Sciences Underwriter to join our Life Science Insurance Specialty Practice.

*Main responsibilities include:*

* Financial performance, including profit, rate, retention, and identifying account round and cross-sell opportunities for a book of commercial business consisting of Life Science accounts.
* Underwrite and negotiate new lines and renewals on a commercial lines portfolio of $7.5M in Life Science business.
* Lines of business include commercial package, product liability, automobile, umbrella, workers compensation, and international lines including foreign clinical trial policies for Life Sciences business.
* Develop and maintain strong relationships with brokers in order to successfully produce, manage and grow our business.

*Skills and Competencies:*

* Solid knowledge of commercial underwriting with the ability to analyze risks, adhere to underwriting strategies, prioritize the gathering of underwriting data, and clearly communicate a well thought out underwriting approach.
* 5-7 years of underwriting experience preferably in Life Sciences.
* Demonstrated technical expertise and product specific knowledge with experience handling Life Science business.
* Strong analytical skills including financial analysis
* Strong interpersonal and communication skills
* Ability to effectively interact with both internal and external business partners.
* Strong written and oral communication skills
* Ability to be creative and adaptable in a changing business environment

*Location is open for fully remote to qualified candidate who meets all the skillsets*

Chubb strives to offer a diverse and inclusive and rewarding work environment. Teamwork and mutual respect are central to how Chubb operates and we believe the best solutions draw upon diverse perspectives, experiences and skills. We operate in such a way where everyone, regardless of their singular background has the opportunity to contribute to our collective success

**Job:** **Underwriting*

**Title:** *Senior Underwriter, Life Sciences*

**Location:** *null*


**Other Locations:** *USA-New Jersey-Whitehouse Station, USA-Pennsylvania-Philadelphia, USA-New Jersey-Basking Ridge, USA-Delaware-Wilmington, USA-Connecticut-Hartford*

This job performs the pricing and risk review/selection of new business and/or renewal Aetna stop loss business for both Aetna Signature Administrators and Meritain plan sponsors. Aetna Signature Administrators (ASA) is a high-growth wholesale distribution channel for Aetna which provides self-funded plan sponsors access to Aetna's National provider network along with Aetna's stop loss insurance products via the Third Party Administrator (TPA) market. - Prepares and delivers complex new business quotes and/or existing business renewals. - Independently reviews work for accuracy, identifies risks and makes recommendations to manage risk while growing or retaining membership. - Anticipates questions and formulate responses. - Utilizes advanced functionality of underwriting tools, systems, and reference materials to produce accurate quotes, renewals and/or accountings. - Applies underwriting guidelines and grants underwriting exceptions/financial variances for their assigned cases within the authority limit for the position. - Develops underwriting strategies for customers in concert with other stakeholders (sales, claims, customer service) by using knowledge of industry trends, economy, competition, and business objectives. - Produces timely and accurate customer specific documents, deliverables and account related information. - Ensures the pricing and/or accounting supports the quote/renewal strategy. - Peer review others work for accuracy. - Assists department with projects or workgroups. - Identifies and supports process improvement through automation or process change. - Identifies training gaps and recommends an appropriate course of action. - May be asked to develop or deliver training. - Mentors less experienced underwriters in development of technical skills or specific subject matter.
Pay Range

The typical pay range for this role is:

Minimum: 60,300

Maximum: 126,600

Please keep in mind that this range represents the pay range for all positions in the job grade within which this position falls. The actual salary offer will take into account a wide range of factors, including location.

Required Qualifications

- 4-6 years' experience in healthcare underwriting/accounting pricing methodologies and funding arrangements.- Experience with stop loss underwriting and self funded plan sponsors.- Demonstrated success in collaborating with others to meet/exceed expectations.- Demonstrated ability to utilize analytical and independent thinking skills.- Demonstrated success prioritizing work and the ability to multi-task in a fast-paced environment.- Experience providing clear and concise written and verbal communications.

COVID Requirements

COVID-19 Vaccination Requirement

CVS Health requires certain colleagues to be fully vaccinated against COVID-19 (including any booster shots if required), where allowable under the law, unless they are approved for a reasonable accommodation based on disability, medical condition, religious belief, or other legally recognized reasons that prevents them from being vaccinated.

You are required to have received at least one COVID-19 shot prior to your first day of employment and to provide proof of your vaccination status or apply for a reasonable accommodation within the first 10 days of your employment. Please note that in some states and roles, you may be required to provide proof of full vaccination or an approved reasonable accommodation before you can begin to actively work.

Preferred Qualifications

- 5-7 years' experience in healthcare underwriting/accounting pricing methodologies and funding arrangements.- Experience working with Microsoft Office products.

Education

- Bachelor's Degree or equivalent experience.

Business Overview

Bring your heart to CVS HealthEvery one of us at CVS Health shares a single, clear purpose: Bringing our heart to every moment of your health. This purpose guides our commitment to deliver enhanced human-centric health care for a rapidly changing world. Anchored in our brand - with heart at its center - our purpose sends a personal message that how we deliver our services is just as important as what we deliver.Our Heart At Work Behaviors™ support this purpose. We want everyone who works at CVS Health to feel empowered by the role they play in transforming our culture and accelerating our ability to innovate and deliver solutions to make health care more personal, convenient and affordable. We strive to promote and sustain a culture of diversity, inclusion and belonging every day. CVS Health is an affirmative action employer, and is an equal opportunity employer, as are the physician-owned businesses for which CVS Health provides management services. We do not discriminate in recruiting, hiring, promotion, or any other personnel action based on race, ethnicity, color, national origin, sex/gender, sexual orientation, gender identity or expression, religion, age, disability, protected veteran status, or any other characteristic protected by applicable federal, state, or local law.