Underwriter, Commercial Surety

Joining Chubb's Commercial Surety team offers the opportunity to work with a leading global provider known for its strong reputation and commitment to excellence in the surety market. You will be part of a dynamic and collaborative environment that values innovative thinking and empowers employees to make impactful decisions. With a focus on professional development and a diverse range of challenging projects, you can build a rewarding career while helping clients achieve their business objectives with tailored surety solutions.

Major Duties & Responsibilities:

• Solicits new and renewal submissions from brokers 
• Works within the broadest limits - under very limited direction – and exercises an elevated level of authority on highly complex assignments.
• Manages the underwriting process by utilizing a broad range of financial expertise, industry knowledge, and business acumen.  Drives the dual underwriting process by providing intelligent, well thought out recommendations.
• Has an acute awareness of industry trends and external economic factors, and extrapolates what the impact of such trends and factors will be on our business and our customers’ business.  Changes tactics or strategies to reflect such trends.
• Establishes the Company’s presence in assigned territories via relationship building with both internal and external customers, and by providing superior service to both internal and external customers.
• Proven source of new business opportunities given strong underwriting skills and understanding of Chubb’s appetite.
• Provides advice regarding industry knowledge to internal and external constituents, and is recognized as a trusted advisor by agents and customers.
• Takes responsibility for the fulfillment of department goals established for profit, service, and relationship management with branches, home office, producers, accounts, competitors and other Chubb departments.
• Uses discipline and available underwriting and pricing tools to reduce risk profile across a wide spectrum of business, and to manage costs in order to meet targeted profitability metrics.

Education & Experience:

• 1-3 years of underwriting experience 
• Bachelor's degree 
• Strong written, oral and interpersonal skills 
• Must work independently as well as part of an established team. 
• Strong organizational skills and overall business acumen required. 
• Ability to multi-task in a fast-paced environment. 

Desired Qualifications:

• Strong written, oral and interpersonal skills 
• Must work independently as well as part of an established team. 
• Strong organizational skills and overall business acumen required. 
• Ability to multi-task in a fast-paced environment. 
• Knowledge of insurance industry 
• Knowledge of underwriting concepts, practices, and procedures 
• Microsoft Word, Excel, and Outlook 
• Negotiation skills 
• Marketing skills 
• Basic leadership skills

Critical Competencies:

• Fundamentals of coverage, terms and conditions. Ability to offer coverage, terms and conditions which generate a profit for the Company while meeting the needs of the customer. 
• Risk Assessment. Ability to identify risk exposures, special or common hazards, and appropriate controls. Ability to select risk based on exposure and risk analysis. Ability to analyze claims and quantify losses. 
• Financial proficiency. Understanding of financial statements and ratios used in risk analysis. Understanding of insurance financial fundamentals; impact of underwriting decisions on company assets. Ability to understand credit risk. Actuarial fundamentals. Ability to understand loss trends, loss triangles, and ratemaking. Ability to quantify risk based on experience history and forecasting methods. 
• 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. 
• Systems and programs. Ability to use systems and software programs needed to conduct daily business. 

The pay range for the role is $78,000 to $114,000. The specific offer will depend on an applicant’s skills and other factors. This role may al