Real Estate & Hospitality Underwriting Associate
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.
Currently, Chubb is seeking an Underwriting Associate (UA) to support North America Major Accounts Real Estate & Hospitality Primary Casualty business, based in the New York Office.
The UA contributes to the success of the underwriting goals as well as corporate goals relating to growth, profit, renewal retention, service, and producer/client management. The UA analyzes account specific information (including but not limited to loss information, financials, compliance and loss control reports) and prepares risk reports for referral to Underwriters; develops recommendations based on account analysis that will be used as the basis for renewal strategy; determines pricing strategy in conjunction with Underwriter; coordinates the renewal process for the Underwriter; reviews submission information with the Underwriter; is accountable for the quotation, rate, book and issue processes for policies and endorsements; and ensures electronic file integrity. This operations position has dual accountability to underwriting management and operations.
To provide technical underwriting and administrative support to Major Accounts Real Estate & Hospitality’s Primary Casualty business.
- Pre Renewal Account Preparation (including Gathering/analyzing underwriting documents)
- Loss Run and Claim review/preparation
- Coordinate Policy Issuance working closely with UW team to assure exclusions/forms attached to broker issued Contracts
- Quality check Draft Policies /Endorsements
- Follow up on subjectivities
- Address/resolve all Accounting inquiries
- Assist with Account Audits
- Special Projects
Researches and provides underwriting analysis of account information and formulates recommendations on risk acceptability and ensures overall regulatory compliance.
Compiles and documents risk analysis and ensures integrity of electronic files.
Coordinates account processing and servicing.
Review, verify and publish all documents.
Researches and follow up on Producer inquiries.
Serves as the first-line point of contact for internal and external contacts on account related matters.
Knowledge & Skills:The successful candidate for this position must have demonstrated skills including; the ability to apply critical thinking skills/decision making skills, excellent oral and written communication, an ability to multi-task and organize work to achieve service goals.
The individual must demonstrate the following competencies and behaviors:
Ability to independently multi-task and respond to changing business priorities. Must be highly organized and able to manage work time/activities in a structured environment with predetermined deadlines (monthly, quarterly, etc.)
Demonstrates solid, consistent technical proficiency of Underwriting, Compliance Guidelines and underlying risk management philosophy.
Ability to recognize and evaluate exposure to loss.
Aptitude for compiling, evaluating and interpreting detailed information and data.
Ability to learn and apply proprietary Chubb Systems.
Demonstrated Proficiency in Excel & Word.
Ability to learn/navigate through Underwriting reference tools/guidelines
Critical Thinking- Strong analytical and problem solving skills
Ability to track outstanding assignments and follow through with others as necessary
Customer Focus- Demonstratesstrong Customer Focus providingtimely responses to customer requests and can demonstrates an understanding of needs and acts on them.
Team Work– Demonstrates the ability to interact with a wide variety of people providing in person, via telephone and email.
- Communication- Proficiency in expressing oneself clearly, concisely and effectively verbally and in writing.Listens carefully and attentively and asks questions to clarify expectations and issues.
2-3 year’s insurance experience strongly preferred
Education/Experience: Minimum High School Diploma or equivalent; 2 or more years of college and or Previous UA experience preferred.
Nothing in the job posting restricts management’s right to assign or re-assign duties and responsibilities to this job at any time.
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.