Underwriter, Financial Institutions

Underwriter Position

The Financial Institutions team is currently seeking an Underwriter to execute growth and underwriting strategies for the New York Region.

Major duties and responsibilities:

Responsibilities for the role include, but are not limited to:

• 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 customers across a number of products which include:
• Directors & Officers Liability
• Professional Liability for Asset Managers and Funds (including hedge funds, private equity and venture capital)
• Bankers Professional Liability
• Insurance Company Professional Liability
• Security Broker-Dealer Professional Liability
• Employment Practices Liability
• Fiduciary Liability
• Fidelity
• Risk Assessment. Performing risk analysis for Financial Institutions clients. 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 and Cross-market with other groups who underwrite Chubb products for Financial Institutions in the New York Region
• Systems and programs. Ability to use systems and software programs needed to conduct daily business.

Qualifications:

• In-depth knowledge of Financial Institutions management liability and professional liability insurance products and concepts
• Experience developing and maintaining a broad network of brokerage relationships
• Demonstrated leadership abilities
• Negotiation skills
• Strong oral and written communication skills
• Minimum of 1-3 years of experience underwriting management and professional liability products
• Bachelors degree (preferably in Finance, Accounting, Economics, or related field)

The pay range for the role is $63,000 to $92,000. 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 at The disclosed pay range estimate may be adjusted for the applicable geographic differential for the location in which the position is filled.

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.

Job Info:

• Job Identification 29450
• Job Schedule Full time
• Regular or Temporary Regular
• Job Category Underwriting
• Business Unit United States
• Legal Employer ACE American Insurance Company