Senior Underwriter, D&O

Description

Westchester is the Wholesale-Only Excess and Surplus specialty product group within Chubb. Westchester products meet the needs of brokers whose clients have complex difficult-to-place risks in the areas of property casualty financial lines product recall inland marine and environmental insurance.

The Senior Underwriters primary responsibility is to underwrite individual D&O and ancillary lines risks for privately held and not-for-profit companies.

Major Duties & Responsibilities :

Solicit new and renewal submissions from brokers

Foster relationships with wholesale brokers inclusive of weekly phone calls / emails and marketing trips as determined by you and your manager.

Underwrite accounts and determine terms and conditions to be offered (with help from manager)

Quote and Bind coverage

Document the underwriting files and applicable systems

Qualifications

3 years of Underwriting experience

Experience in D&O is preferred

Business Acumen

Proven Broker Relations & Customer Management Skills

Strong Verbal and Written Communication Skills

Strong Organizational Skills with Attention to Detail

Ability to Work Effectively in a Team

Basic Proficiency in Microsoft Word Excel Power Point

Critical Competencies :

Fundamentals of coverage terms and conditions - Ability to offer coverage terms and conditions which generate a profit for the Westchester Financial Lines department while meeting the needs of the customer.

Risk Assessment - Ability to identify Wholesale D&O EPL FID Crime and / or K&R risk exposures for privately held and not-for-profit companies. Ability to identify special or common hazards loss trends and appropriate controls. Ability to select risk based on exposure and risk analysis. Ability to analyze claims and quantify losses.

Financial proficiency - Understanding of financial statements and ratios used in risk analysis. Understanding of insurance financial fundamentals; impact of underwriting decisions on company assets. Ability to understand credit risk.

Marketing and Communications - Ability to sell and negotiate to achieve bottom line profitability for the Company. Ability to base communications on strategic thinking and articulate clearly with brokers.

Systems and programs - Ability to use systems and software programs needed to conduct daily business.

Required Experience :

Senior IC

Key Skills

Loan Processing,Credit Analysis,Fraud,Math,Risk Analysis,Pricing,Analysis Skills,Fair Housing Regulations,Equity Research,Underwriting,negotiation,RMF

Employment Type : Full-Time

Experience : years

Vacancy : 1