AVP, Executive Underwriter (Finance)
KEY OBJECTIVES
To execute the CHUBB Westchester Specialty Casualty business unit strategy; product line responsibilities include Primary General Liability, Lead Umbrella, follow form Excess, and High Excess placements. As an underwriting member of the CHUBB Westchester Specialty Casualty Division, this position will work within the local team to achieve profitable underwriting results through the growth, development, servicing and underwriting of Excess and Surplus Lines business. This position will be working directly with other CHUBB divisions toward driving profitable business development within the division, working exclusively through contracted wholesale brokers. The division provides a single source of access to CHUBB’s broad domestic and international product and service offerings within the property and casualty underwriting disciplines. Under limited supervision, primary responsibility is to underwrite individual risks; may also supervise employees.
MAJOR DUTIES & RESPONSIBILITIES
- Solicits new and renewal submissions from appointed wholesale brokers.
- Determines terms and conditions and complex rating plans.
- Binds coverage.
- Documents the underwriting files to company/division expectations.
- Handles more complex files and portfolios within underwriting authority.
PROFITABILITY & PRODUCTION
- Goal Achievement – Delivering upon the established New and Renewal business goals as provided by the Regional Underwriting Manager; includes premium projections and all policy acquisition expense budgets.
- Growth Strategies – Executing upon the assigned roles per the regional marketing plans and strategies, including:
- 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 Westchester Specialty Casualty Division home office and all applicable guidelines, authorities, and position papers, including:
- Risk selection: fundamentals of coverage, terms and conditions; ability to offer coverage that generates profit while meeting customer needs; risk assessment; financial proficiency; actuarial fundamentals.
- Pricing & attachments including rate change goals: terms & conditions; marketing and communications; systems and programs.
BRANCH ADMINISTRATIVE
- Ensuring the achievement of all divisional standards for administrative responsibilities (accurate & timely policy issuance, accurate billings, manuscript form & endorsement processes, file construction and documentation).
PERFORMANCE MEASURES
- 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, including new business submission and quote activity, marketing activity.
QUALIFICATIONS
ABOUT US
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.
EEO STATEMENT
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.
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