Underwriting Team Lead

This is an Underwriting Team Lead position with Westchester, A Chubb Company which includes the management of an underwriting team to achieve profitable underwriting results through the growth, development, servicing and underwriting of Westchester's Environmental business. 

MAJOR DUTIES & RESPONSIBILITIES:

Duties may include but are not limited to:

• Personnel Management
• Staffing – responsible for the hiring and the development of staff
• Performance management -- Manages the performance management process for their staff.
• Individual Production/territory management related duties:
  • Develops and executes on marketing plan for assigned producers and territories
  • Negotiates pricing, terms and conditions for excess and surplus environmental accounts using assigned underwriting authority and company guidelines
  • Risk Assessment/Identifying risk exposures, special or common hazards, and appropriate controls.
  • Selecting risk based on exposure and risk analysis.
  • Analyzing claims and quantifies losses.
  • Financial and mathematical proficiency.
  • Understanding of financial statements and ratios used in risk analysis.
  • Understanding of insurance financial fundamentals; impact of underwriting decisions on company assets.
  • Understanding credit risk.
  • Actuarial fundamentals. Ability to understand loss trends, loss triangles, and ratemaking.
  • Ability to quantify risk based on experience history and forecasting methods.
  • Documents the underwriting files with account review, analysis and conclusions.
  • Ability to rate/quote/bind coverage and has a command of underwriting systems.
  • Marketing and Communications.
    • Ability to sell and negotiate to achieve bottom line profitability for the Company.
    • Ability to make presentations and communicate articulately.
    • Ability to base communications on strategic thinking.
  • Ability to manage producer strategy.

MINIMUM REQUIREMENTS:

• 5+ years’ experience underwriting environmental insurance products
• Bachelor’s degree

DESIRED QUALIFICATIONS:

• Knowledge of insurance industry
• Experience with wholesale brokers
• Leadership skills
• Ability to share knowledge and develop staff
• Ability to review and analyze environmental due diligence
• Ability to review, evaluate and develop coverage forms and endorsements
• Understanding of risk management approaches including risk transfer
• Knowledge of underwriting concepts, practices, and procedures
• Detailed understanding of company Financial Statements (Balance Sheet, Income Statement, 10-K, etc.)
• Negotiation skills
• Marketing skills
• Technical capabilities (ability to work comfortably with various IT systems)
• Internet usage and research
• Ability to work in a collaborative, team environment
• Oral and written communication skills
• Proficiency in typing

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.
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.