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Lower Middle Market Underwriter

Chubb
United Statesfull_timeVerifiedPosted 3 Sept 2024
💰 $150,000/yr($25,000/yr$150,000/yr)

About the role

The Lower Middle Market New Business Production Underwriter position is a high-impact role that is 100% focused on and accountable for the underwriting of new business written by the Lower Middle Market (LMM) team. This individual will be a strong contributor working to ensure that the LMM team meets its aggregate new revenue goals in accordance with current and developing underwriting strategies. The individual in this position will report directly to the hiring manager.

Along with the hiring manager, this LMM Underwriter will work collaboratively across various customer groups, spanning geographically from the Northeast to the Southeast to leverage our capabilities and relationships to achieve budgeted commercial growth targets. Consequently, the position requires a candidate with both strong underwriting and relationship building competencies interacting with all levels of customers and business stakeholders.

The individual will be accountable for: reviewing submissions, qualifying those submissions, and ultimately underwriting and quoting the business. Premium sizes will vary but we anticipate the majority to be in the $25,000 to $150,000 per account range. This individual will be assigned to several branches/regions and will be expected to provide real-time updates to branch & regional leadership.

Primary responsibilities:

Production of LMM new business including but not limited to:

  • Leveraging branch assigned agencies to produce LMM new business
  • Identification and development of future sources for Commercial Business.
  • Multi-Line underwriting including Package, Auto, Umbrella, and Workers Compensation.
  • Travel as needed and work closely with our branch partners to educate our producers on Chubb advantages to foster the best available outcome for LMM revenue growth.
  • Make independent decisions and recommendations to the Manager on the process for acquiring new business within their assigned territory
  • Maintain and manage superior relationships at all levels – internal and external.

The preferred candidate must have a good working knowledge of, or experience in Property & Casualty underwriting. The candidate should have 3 to 5 years of experience and a proven ability to drive profitable revenue growth. In addition, the following skills are required:

  • Demonstrated record of teamwork and integrity in building relationships.
  • Strong organizational and time management skills.
  • Proven ability to use technical analysis and underwriting skills to effectively and profitably grow the premium base.
  • Documented success in driving external results.
  • Strong interpersonal, communication and negotiation skills.

Education and Experience:

  • Bachelor’s degree or equivalent experience.
  • Minimum 3-5 years commercial lines underwriting experience.
  • New business underwriting and prospecting experience preferred.

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.

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Company

Chubb

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