Financial Lines Underwriter, Mad, Vic/nsw/qld
1 day ago
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.
Chubb Australia is currently experiencing a period of accelerated growth, and as we continue to excel and make our mark in the local market, we are looking for high potential individuals to join our dynamic and fast paced team.
**Your Role**:
The primary purpose of this role is to assist in the development and accomplishment of goals established for profit, growth, service and producer relations for all classes of business within the Major Accounts Division, while also contributing as a senior technical underwriter with respect to Financial Lines products. This role extends to fostering relationships with major customers and brokers by demonstrating Chubb’s commitment to deploy its global coverage and risk management capabilities to meet the specialized needs of major customers.
**Your Responsibilities**:
Achievement of the Personal Premium Budget
Underwriting Process / Analysis
Assist in the positioning and negotiations associated with delivering profitable transactions to achieve financial plans for all applicable product lines in the Major Accounts Division.
Follows established underwriting guidelines for Financial Lines products and within the scope of delegated authority, determines acceptability of new lines and renewals.
Utilises appropriate endorsements and applies adequate pricing structure.
Consults with LOB product managers on risks exceeding delegated authority.
Select new risks and underwrites renewals for assigned book of business and/or for designated speciality classes or market segments within the Financial Lines portfolio.
Consult with Segment Leader on retention and prospecting activity
Maintain a good level of understanding of pricing individual risk exposures
Preparing, delivering and negotiating quotations
Production / Relationship Management
Identify, analyse and develop sources of desirable new business opportunities including cross-departmental opportunities.
Cultivate “zero relationship” prospects and “one-line” accounts into future Chubb clients.
Actively participate in business development activities through regular team meetings.
Build and maintain long term relationships with key producers and insureds; deals with producer principals on complex underwriting issues.
Visits producers and insureds alone and with senior staff in order to communicate Chubb philosophy and increase market share.
Increase producers and insureds awareness of appetite, products and advantages through product presentations.
Participates in joint travel with members of MAD. When appropriate, participates in department presentations to prospective insureds and producers.
Establishes and maintains travel program with other MAD team members.
Identify and shares information with MAD and broader Chubb personnel regarding competitors’ products and underwriting.
Service
Take on Client Executive responsibility for up to 4 clients, where applicable.
Manage service standards by timely response to broker requests, setting of expectations and timely submission of quotations.
Adheres to established department service goals, anticipates and responds to needs of producers, identifies and reports deficiencies and suggests changes for improvements
**Qualifications**:
**Your Skills & Experience**:
Degree qualified
Strong working knowledge of Financial Lines insurances.
High degree of technical underwriting ability; oral and written communication, negotiation and presentation skills; ability to effectively interact with brokerage, customer and internal stakeholders at all levels.
Be familiar with developing marketing plans and handling complex accounts.
Understand the underwriting appetites of the other departments and how those relate to interdepartmental accounts.
Familiar with the products / services of key competitors.
Have experience in the interpretation and analysis of claims and appropriate deployment of loss control resources.
**Strong communication skills**: To assure healthy exchange of information & impediments
Proven ability to seek out new distribution sources
Possess or quickly obtain knowledge of Chubb’s global capabilities and financials and ability to communicate that information to existing or new customers at all levels.
Working knowledge of Microsoft systems including Excel Word and PowerPoint.
Chubb is committed to equal employment and celebrates individual differences by creating a workplace environment in which everyone feels welcomed, respected and valued. We offer you the opportunity to work as part of a dynamic and agile environment where continuous development is encouraged throughout your career, both locally and globally. Some additional benefits offer
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