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Form of workChubb Limited is currently seeking an Underwriting Associate to join the Global Accounts Branch within Global Services located in Whitehouse Station, NJ.
Position Description:
The Underwriting Associate (UA) will contribute to the achievement of the Global Serviced Branch goals as well as corporate goals relating to growth, profit, renewal retention, service and producer/client management. The branch is responsible for commercial U.S. policies which are part of an overall account managed on behalf of Chubb’s international zones. The UA gathers and analyzes account-specific information (including but not limited to loss information, exposures, financials, loss control reports) and prepares a risk report for referral to the Underwriter; corresponds with both local U.S. producers and overseas underwriters to compile necessary information; develops information and recommendations based upon the account review; determines strategy in conjunction with the underwriter; handles all coordination of accounts being sent to the Processing Center and completes all rating and issuance instructions including appropriate forms, coverages and final premium; ensures electronic file integrity; ensures internal and external service standards are met to achieve a high level of customer satisfaction. This position may be assigned renewal underwriting authority.
Roles/Responsibilities
- Reviews submission information with the underwriter, researches and provides analysis of account information, and ensures overall regulatory compliance.
- Compiles and documents the risk report and underwriting strategy
- Coordinates account processing and servicing
- Coordinates the quoting, booking and issuance process with the CSR and completes the risk report for referral to the Underwriter
- Reviews, verifies and publishes all documents in the electronic customer file
- Researches and responds to Producer and Overseas Underwriter inquiries
- Serves as the first point of contact for internal and external contacts on account-related matters Ensures MAX and other tracking systems are updated timely
The pay range for the role is $37,500 to $66,500. The specific offer will depend on an applicant’s skills and other factors. This role may also be eligible to participate in a discretionary annual incentive program. Chubb offers a comprehensive benefits package, more details on which can be found on our careers website . The disclosed pay range estimate may be adjusted for the applicable geographic differential for the location in which the position is filled.
MINIMUM REQUIREMENTS:
Duties require the application of technical knowledge to diverse situations and actions taken as a result of judgment. The selected candidate must have strong communication, multi-tasking, and organizational skills. In addition, the individual must demonstrate:
- Ability to work both independently as well as operate and contribute positively in a team-based environment
- Strong verbal and written communication skills.
- Superior time utilization, organizational and analytical skills.
- Ability to research, think critically, analyze, prioritize, take initiative, problem solve, and work under pressure to meet critical deadlines
- Ability to respond to changing business priorities
- Ability to work autonomously and to take multiple tasks to completion
- Ability to track assignments and follow through with others as necessary
- Must be detail-oriented with the ability to compile, evaluate and interpret detailed information and data
- Organized, energetic, and easily adaptable to change
- Flexible and adaptable to change
- Strong data entry and computer skills; proficient in Microsoft Word/Excel/Outlook
- Demonstrated math aptitude
DESIRED QUALIFICATIONS:
- 2+ years of prior commercial insurance underwriting support experience.
- Knowledge of rating systems, and underwriting rate/rule manuals; Proficient in online reference manuals and familiar with other regulatory agencies
- Knowledge of electronic systems, underwriting principles, policy forms and the ability to recognize exposure to loss
