Westchester Executive Underwriter

OverviewKey Objective: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 their 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 CHUBB Westchester Specialty Casualty Division. The position will work exclusively through contracted wholesale brokers. The CHUBB Westchester Specialty Casualty Division will provide 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. ResponsibilitiesSolicits new and renewal submissions from appointed wholesaler 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 & ProductionGoal Achievement - Delivering upon the established New and Renewal business goals as provided by the Regional Underwriting Manager. This will include Premium projections as well as all Policy Acquisition Expense budgets.Growth Strategies - Executing upon the assigned roles per the regional marketing plans and strategies. This includes:Client & broker relations including sales calls & attendant strategiesCompleting target account responsibilities & cross sell strategiesUnderwriting Integrity - Achieving all underwriting standards as outlined by the CHUBB Westchester Specialty Casualty Division home office and all applicable Underwriting Guidelines, Authorities, and Position Papers. This includes:Risk selection: 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 riskActuarial fundamentals: Ability to understand the basics of loss trends, loss triangles, and ratemaking. Ability to quantify risk based on experience history and forecasting methods.Pricing & attachments including rate change goalsTerms & conditions – understand and underwrite terms and conditions and underlying terms and conditions.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. Branch AdministrativeEnsuring the achievement of all divisional standards with regards to all administrative responsibilities as outlined in the CHUBB Westchester Specialty Casualty Operations Manual, including:Accurate & timely policy issuanceAccurate billingsManuscript form & endorsement processesFile construction and documentation PerformanceAchievement of premium goals & budgetsAdherence to underwriting goals, guidelines & objectivesAdherence to departmental workflow and service standardsQualitative assessment of underwriting decisionsResults of internal and external underwriting audits:New business submission and quote activityMarketing activity QualificationsMinimum of 5-7 Years Underwriting experienceExperience in underwriting wholesale general liability, umbrella and excess businessConstruction underwriting experience preferredInsurance related business acumenHigh level of product knowledge including:Exposure analysisForm & coveragesRating principles and mechanicsNegotiation & presentation skillsKnowledge of wholesale casualty insurance industryProven broker relations & customer management skill setStrong verbal and written communication skillsStrong organizational skills with attention to detailAbility to work effectively in a teamBasic proficiency in Microsoft Word, Excel, Power Point #J-18808-Ljbffr

Created: 2025-09-17