Chubb
Property Underwriter
Chubb is committed to being a leader in the global insurance and reinsurance market by always conducting business in a consistent, disciplined and focused manner.
Banking and investment
Full-time
Office | Melbourne, VIC, Australia
Visa sponsorship · No
Mid Level · A role for someone with some well-developed knowledge and skills they can bring to the role and team. Typically within 2-5 years of experience.
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Why Chubb
Chubb is the world’s largest publicly traded property and casualty insurance company. With operations in 54 countries and territories, 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. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London, Paris and other locations, and employs 31,000 people worldwide. Additional information can be found at: chubb.com.
About the role
Your Role: The primary purpose of this role is to contribute to the achievement of department, branch and corporate goals relative to profit, growth, service producer and client relations. Your Responsibilities: Achievement of the Personal premium budget • Achieve financial targets in relation to Rate and Retention of allocated portfolio Underwriting • Underwriting authority in all lines • Within scope of delegated authority; - Evaluates and accepts or declines new lines, renewals and endorsements - Evaluates and makes recommendation for acceptance or declination on risks which exceed authority • Assists manager in providing input on underwriting results, profit analysis, market environment, competitor analysis and as required for ad hoc reports and projects • Responsible for underwriting results of assigned portfolio • Maintain awareness of claim activity with assigned book and communicate with stakeholders as needed • Contribute towards the continual development and improvement of the renewal process Producer Relations • Actively develop & manage producer relationships, dealing with queries and handling any issues arising • Ensure stakeholders are aware of market & producers challenges People Development • May have responsibility for assisting in underwriting training and producer relations Service • Responsible for upholding an exceptional underwriting service on assigned portfolio as well as the internal service demands of the business
Qualifications
• Property and or Underwriting experience
• Looks for solutions to unique underwriting situations • Consistently displays initiative and seeks opportunities to innovate • Understands pricing techniques and underwriting margin • Understands and interprets policy wordings • Understands the underwriting appetites of the other departments and how those relate to interdepartmental accounts • Makes recommendations for tailoring coverage and manuscripting policies • Is familiar with the products / services of key competitors • Is comfortable with a wide range of negotiation techniques • Is a clear and concise communicator • Has demonstrated ability to work well with people and influence decisions • Desire and ability to cross train in other Property & Casualty lines of business
What you'll be responsible for
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Risk Monitoring
Monitor risk levels and report potential risks to senior management and other stakeholders
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Risk Management Policies and Procedures
Develop and implement risk management policies and procedures to identify, assess, and mitigate potential risks to the organization
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Risk Identification and Assessment
Conduct risk assessments to identify and evaluate potential risks, and develop strategies to manage and mitigate these risks
Skills you'll need
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Collaboration
Works with others by being open, clear in communication and listening to achieve goals
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Critical thinking
Identifies and synthesizes patterns and trends amongst various sources of information to reach a meaningful conclusion, perspective or insight
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Attention to detail
Accurately identifies and rectifies discrepancies or errors that exists in information and deliverables
Meet the team
