This Sr. Underwriting Assistant provides assistance to assigned Westchester Fin-Lines underwriters in managing their assigned book of business, performing policy processing functions, and conducting renewal risk analysis. It also involves calculating renewal ratings and documenting changes to risk, recommending processing approaches, and responding to agency requests.
Primary Responsibilities include but are not limited to:
• Conducts name clearance and processes all transactions in the applicable Chubb System. • Processes cancellations, BORs, and countersigning. • Researches and resolves premium discrepancies and compliance-related issues. • Books, binds, and issue new line and renewal policies, mid-terms endorsements, and cancellations in applicable rating and issuance systems in accordance with standardized workflows and roles and responsibilities.
Proactively assists with account management and achievement of service goals. Communicate with agents/brokers and underwriters on the status of open items. Ensures electronic file integrity. Coordinates renewal process for the underwriter. Reviews renewal submission for technical completeness and follows up with producer for missing information.
Analyzes renewal account-specific information (including, but not limited to, loss information, financials, application, etc.). Creates underwriting analysis templates and documents templates with renewal changes for referral to the underwriter. Perform rating-related tasks in coordination with the transaction. Coordinates the quotation process and completes quotes letter for referral to the underwriter. Completes and follows up on Manuscript Endorsement Requests. Provides new line rating, quoting, and issuance support for template underwriting initiatives.
Coordinates renewal process for the underwriter. Reviews renewal submission for technical completeness and follows up with the producer for missing information.
Participate in ad hoc projects based on business needs.
Attend all relevant UA/underwriting training, Operations/UW department meetings, and renewal account reviews as appropriate.
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.
Skills:
The individual in this position must have strong communication, multi-tasking, organizational, and customer service skills. In addition, the individual must demonstrate the following skills:
• Proficient in Word and Excel. • Mathematical aptitude. • Basic understanding of financial concepts and terminology. • Self-starter with strong time management and prioritization skills. • Ability to organize work and perform within time constraints. • Ability to work in a fast-paced and changing business environment. • Demonstrates solid verbal and written communication skills.
Education:
Minimum High School diploma or equivalent. 3 years of previous Insurance experience in a similar role is required.
Nothing in this job posting restricts management's right to assign or reassign duties and responsibilities to this job at any time.
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: