As an Assistant Underwriter, a typical day would include:
Responsible for underwriting of insurance products and progressing the portfolio of the Property business including Fire and Terrorism. Working with members of the team where higher authority levels are required.
Maintain profitable renewal accounts as well as assist in the achievement of financial plans and business strategies to ensure profitable growth for the Small Commercial & Middle Market Property business
Maintain close rapport and relationship with brokers, maintains liaison with producers to obtain necessary underwriting information, promote satisfactory service relationship and to encourage the submission of targeted business
Develop a multiline view of some of our key clients’ relationships and broaden your knowledge from the Property product to all solutions that Chubb can offer to maximize the value we bring for our clients
Secure additional information where necessary and analyses all pertinent data to determine acceptability of risks according to established underwriting standards
Review endorsements on existing policies to identify any change in original coverage or amounts. Evaluates, accepts, rejects or modifies risks within established underwriting guidelines. Assist in preparing submissions for higher review
Ensure that systems are updated with the correct data (data accuracy), maintain rates adequacy, rates validation and uphold our Underwriting philosophy.
Coordinate with the support team to ensure valid and timely response on quotations and production of policies, endorsements, certificates, renewal notices, and other administrative requirements
Assist in performing peer review and audits
Perform ad hoc projects and other related duties as assigned
What you will need:
Diploma, Bachelor’s Degree, Business Degree, relevant Insurance qualifications or equivalent
Demonstrated underwriting ability and technical competence as evidenced by a minimum of 1-2 years’ underwriting experience or equivalent industry experience
Analytical skills and ability to evaluate and judge underwriting risks
Effective communication & interpersonal skills to work effectively with clients, brokers, agents & Chubb personnel
To be self-motivating with a drive for self-improvement and progression