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Executive Underwriter, Environmental

Chubb Ltd
  • Chicago, IL
  • $110,000–$160,000 Per Year
3 days ago

Job Description

Westchester Environmental is looking for an applicant to fill the position of Executive Underwriter supporting our Midwest & West Regions. Westchester Environmental writes both contractors and consultants across multiple industries. This underwriter will be charged with directly underwriting, managing, and growing a book consisting mainly of Environmental Contractors/Consultants package, manufacturers products pollution, monoline premises pollution and contractors' pollution liability accounts. The underwriter will be responsible for aggressively marketing to their assigned brokers to bring in opportunities and will work closely with the respective zonal manager, EVP for Westchester Environmental, as well as various Business Development Managers across the region to position this portfolio within Westchester Environmental' s strategy for growth and profit.

Duties may include but are not limited to:

  • Soliciting new and renewal submissions from appointed wholesaler brokers.
  • Ability to handle and understand wholesale submission volume
  • Determines terms and conditions and complex rating plans.
  • Quote/Bind coverage.
  • Documenting the underwriting files to company/division expectations.
  • Handle files and portfolios within underwriting authority.
  • Takes ownership of given production goals and utilizes all available department resources to achieve said goals.
  • Local and regional broker visitations/travel is expected.
  • Presenting and communicating the Chubb/Westchester products and marketing material

Profitability & Production:

  • Goal Achievement - Delivering upon the established New and Renewal business goals as provided by the Regional Underwriting Manager.

  • Growth Strategies - Executing upon the assigned roles per the regional marketing plans and strategies. This includes:

  • Client & broker relations including sales calls & attendant strategies

  • Completing target account responsibilities & cross sell strategies

  • Underwriting Integrity - Achieving all underwriting standards as outlined by the CHUBB Westchester Specialty Environmental Division home office and all applicable Underwriting Guidelines, Authorities, and Position Papers.

  • Risk selection:

  • Fundamentals of coverage, terms and conditions- Ability to offer coverage, terms and conditions which generate a profit for the Company while meeting the needs of the customer.

  • Risk Assessment- Ability to identify risk exposures, special or common hazards, and appropriate controls. Ability to select risk based on exposure and risk analysis. Ability to analyze claims and quantify losses.

Performance will be measured by:

  • Achievement of premium goals & budgets
  • Adherence to underwriting goals, guidelines & objectives
  • Adherence to departmental workflow and service standards
  • Qualitative assessment of underwriting decisions
  • Results of internal and external underwriting audits
  • New business submission and quote activity
  • Marketing activity

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.

  • Minimum of 3-5 Years Underwriting experience
  • Bachelor's Degree or Equivalent Experience
  • Experience in the wholesale/E&S insurance industry
  • Experience in underwriting environmental lines of business. This includes but is not limited to the following coverage lines: Commercial General Liability, Contractors Pollution Liability, Professional Liability, Site Pollution Liability, Excess Liability, Business Auto
  • Ability to review and analyze environmental due diligence
  • Ability to review, evaluate, and develop coverage forms and endorsements
  • Negotiation & presentation skills
  • Proven broker relations & customer management skill set
  • Strong verbal and written communication skills
  • Strong organizational skills with attention to detail
  • Ability to work effectively in a collaborative team environment, share knowledge, and develop staff
  • Basic proficiency in Microsoft Word, Excel, Power Point
  • Technical capabilities (ability to work comfortably with various IT systems)

The pay range for the role is $110,000 to $160,000. 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 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.

Numbers & Facts

LocationChicago, IL
IndustryInsurance
Salary$110,000–$160,000 Per Year
Company Size500 to 999 employees
Year Founded1792
Websitehttps://www.chubb.com/

About Company

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

Skills

  • Analysis Skillsunmatched
  • BIND (Berkeley Internet Name Domain) DNS Server softwareunmatched
  • Brokerageunmatched
  • Budgetingunmatched
  • Business Developmentunmatched
  • Claims Processingunmatched
  • Communication Skillsunmatched
  • Cross-Sellingunmatched
  • Customer Relationsunmatched
  • Detail Orientedunmatched
  • Documentationunmatched
  • Due Diligenceunmatched
  • External Auditunmatched
  • Incentive Programsunmatched
  • Information Technology & Information Systemsunmatched
  • Insuranceunmatched
  • Insurance Salesunmatched
  • Internal Auditunmatched
  • Marketingunmatched
  • Marketing Planunmatched
  • Marketing Strategyunmatched
  • Microsoft Excelunmatched
  • Microsoft PowerPointunmatched
  • Microsoft Wordunmatched
  • Negotiation Skillsunmatched
  • Organizational Skillsunmatched
  • Presentation/Verbal Skillsunmatched
  • Product Marketingunmatched
  • Profit & Lossunmatched
  • Qualitative Analysisunmatched
  • Riskunmatched
  • Risk Analysisunmatched
  • Salesunmatched
  • Sales Strategyunmatched
  • Strategic Planningunmatched
  • Team Playerunmatched
  • Underwritingunmatched
  • Wholesale Industryunmatched
  • Writing Skillsunmatched

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